Deeds executed and recorded Aug. 10 show that Link Logistics Real Estate LLC of New York City sold five Jacksonville warehouse properties to New Jersey-based Hartz Mountain Industries Inc. for $148 million.
Link sold four properties in Westside Industrial Park and one in EastPark that total more than 1.3 million square feet of space.
The deeds were executed Aug. 10 and recorded the same day with the Duval County Clerk of Courts.
The properties were developed from 1993 through 2017.
The recorded deeds as of 5 p.m. Aug. 10 show that Hartz Mountain Industries bought:
• Westside Industrial Park properties at 4601-100 Bulls Bay Highway, 4601-200 Bulls Bay Highway and 4601-300 Bulls Bay Highway for $130.6 million. Those total about 1.15 million square feet of space.
• A Westside Industrial Park property at 4910 Bulls Bay Highway for $12.7 million. That property is a 120,701-square-foot warehouse.
• An EastPark property at 11902 Central Parkway for $4.7 million. The property is an 86,330-square-foot building.
Link Logistics sold the properties through LLCs formed under the Colfin name,
Those Colfin LLCs bought the Westside Industrial Park properties in 2018 for $77.5 million from Atlanta-based developer Stone Mountain Industrial Park Inc.
Another Colfin LLC bought the EastPark property in 2017 for $6.1 million from EQT Exeter of Conshohocken, Pennsylvania.
Hartzmountain.com says the company is a private owner of commercial real estate.
It says it has grown from a small startup in 1966 to a large regional real estate enterprise that owns and operates a portfolio of more than 260 properties primarily in major East Coast markets, including New York, New Jersey, Atlanta, Charlotte, Maryland and Chicago.
It says its portfolio comprises more than 45 million square feet of residential, office, hotel and industrial properties.
“We are staffed to build complex developments, quickly and economically with in-house architectural, construction, design, engineering, legal, marketing, leasing, property management and financial teams,” it says.
It is based in Secaucus, New Jersey, with additional offices in New York City.