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Jax Daily Record Friday, Feb. 2, 201808:39 AM EST

Amazon’s Cecil fulfillment center sold for $96 million

1 million-square-foot facility opened in October

Gramercy Property Trust Inc. of New York bought the completed fulfillment center in Cecil Commerce Center for almost $95.5 million.

Gramercy, through GPT BTS 103rd Street Owner LLC, bought the structure and 86.5 acres Wednesday from Hillwood Development Co. through 103 Bldg C LLC.

New York Life Insurance Co. issued a $59.3 million mortgage.

Dallas-based Hillwood is the master developer of city-owned Cecil Commerce Center.

Hillwood bought the Cecil property from the city in January 2017 for $783,341 and developed the 1 million-square-foot Amazon fulfillment center at 13333 103rd St.

The center, one of four Amazon facilities in the city, opened in October.

Gramercy Property Trust is a global investor and asset manager of commercial real estate. It says it specializes in acquiring and managing high quality, income-producing commercial real estate leased to high-quality tenants in major markets in the United States and Europe.

In Jacksonville, it owned the Bank of America office park in Southside and rebranded it Gramercy Woods.

It sold five buildings there anchored by Bank of America in May and continued to own two multitenant buildings at the 90-acre office park at 9000 Southside Blvd.

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