Three New Jersey-based companies bought Imeson Park South Building B1 in North Jacksonville on Aug. 14 for $29.5 million.
VanTrust Real Estate of Kansas City, Missouri, sold the 235,735-square-foot warehouse through JI IPS Building B1 LLC.
Stro Companies of Ridgewood, New Jersey, bought 50% interest through 1511Z Jax LLC.
The Kushner Real Estate Group, of Jersey City, New Jersey, bought 25% interest through KRE 1511 Zoo Parkway Owner LLC.
The Silverman Group of Basking Ridge, New Jersey, bought the remaining 25% through SL Jacksonville Investor LLC.
The warehouse, also known as Building 500, sits on 18.82 acres.
The city issued a permit to build Building B1 in September 2023.
The Conlan Co. is the contractor for the almost $15.2 million project. England-Thims & Miller Inc. is the civil engineer.
The building is nearing completion and not leased, a VanTrust spokesperson told the Daily Record in July.
It is the fifth of seven industrial properties planned for Imeson Park South at 1511 Zoo Parkway. When completed, they will range from 202,800 square feet to 1 million square feet.
VanTrust Real Estate said the Imeson Park South master plan totals 3 million square feet of industrial space.