Flagler Development Co. sold four more buildings on almost 50 acres in Jacksonville last week.
Exeter Property Group paid $14.6 million for four buildings and overflow parking space in Gran Park at the Avenues in Southside. The total square footage is 323,022.
Exeter, based in Philadelphia, bought two office and two warehouse buildings on 46.1 acres, plus the overflow parking area of 3.62 acres.
The property carries an assessed value of $15.75 million, according to the Duval County Property Appraiser’s Office.
The deeds were signed May 27 and recorded with the Duval County Clerk of Court Wednesday and Thursday.
Flagler sold the property through FDG Avenues II LLC and Flagler Avenues LLC. Flagler has been selling its Jacksonville properties to other investors.
Exeter Property Group is a real estate investment management firm specializing in the acquisition, development leasing and management of industrial and related business park properties across the country and in Europe.
The Flagler properties, all single story, were built in 1992, 1996 and 1997.
They comprise:
• Building 100, a 38,108-square-foot office building at 10475 Fortune Parkway.
• Building 200, a 57,124-square-foot office building at 10475 Fortune Parkway.
• Building 300, a 158,617-square-foot warehouse distribution center at 7498 Fullerton St.
• Building 500, a 69,173-square-foot warehouse-flex building at 10255 Fortune Parkway, plus overflow parking.
Flagler Development says Gran Park at the Avenues comprises eight buildings totaling 715,000 square feet of office, industrial and flex space.
The property also is entitled for another 46,000 square feet of office space.
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