Southpoint office buildings sold for $30 million

A Chicago investor bought structures that last sold for almost $21 million in 2019.


Enterprise Park at 4190 Belfort Road. (Google)
Enterprise Park at 4190 Belfort Road. (Google)
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New York-based LRC Properties sold Enterprise Park and Belfort Crossing in Southpoint for $30 million to a Chicago investor affiliated with Bradford Allen Realty Services in Chicago, according to a deed recorded Sept. 2 with the Duval County Clerk of Courts.

The deed shows the properties comprise two four-story buildings totaling more than 242,300 square feet on 17.7 acres at 4190 Belfort Road and 4345 Southpoint Blvd.

LRC, based in Rye Brook, New York, paid $20.675 million for the property in January 2019. It owned the property as TGLRC Belfort Portfolio LLC.

Belfort Crossing at 4345 Southpoint Blvd. (Google)
Belfort Crossing at 4345 Southpoint Blvd. (Google)

The 4190 Belfort Road building comprises 135,248 square feet and was developed in 1986.

The 4345 Southpoint Blvd. structure is 107,064 square feet built in 1997.

Belfort 95 LLC bought the property Sept. 2. 

BAIHP Management LLC, part of Bradford Allen Realty Services, registered Belfort 95 LLC with the state July 16.

Bradley Allen Realty Services says on bradfordallen.com that it is a full-service commercial real estate firm that provides services to private, public and nonprofit companies of all sizes.

In May, LRC Properties bought an almost 470,000-square-foot warehouse at 600 Whittaker Road, its first industrial property in Jacksonville, for $29.6 million.

 

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