Real Capital Solutions, a Colorado investment group, paid $33 million to buy the NorthPort Logistics Center this week.
The company, based in Louisville, Colo., bought the North Jacksonville property Wednesday from Atlanta-based Oakmont Industrial Group, through Oakmont New Berlin Road LLC.
The almost 873,000-square-foot mega-warehouse, on 76.8 acres at 11530 New Berlin Road, was developed in 2009. Its assessed value is almost $20.7 million.
Oakmont’s brochure calls it the largest contiguous warehouse/distribution space in Jacksonville. It is 2.5 miles from the JaxPort Blount Island Marine Terminal.
Real Capital Solutions bought the property through RCS-Northport CAN LLC and Northport CPY LLC, which own it with a 23 percent and 77 percent interest respectively.
U.S. Bank issued a $28 million mortgage to the limited liability companies Wednesday.
The deed and mortgage were recorded Thursday with the Duval County Clerk of Court,
Real Capital Solutions executives did not return phone calls for comment Thursday.
Both Northport LLCs were filed with the state in September.
Real Capital Solutions was created in 1984 by Marcel Arsenault, who is a manager of the Northport LLCs.
He is the company chairman and CEO.
The other two LLC managers are Real Capital Solutions Inc. and its COO, Sharon Eshima.
Real Capital Solutions says it has specialized in real estate workouts, which is the planning, renovation and lease-up or sell-out of economically distressed properties.
It has four initiatives: Condo, homebuilder, apartment and commercial capital solutions. Dan Stover with Newmark Grubb Phoenix Realty Group said Friday that the group will continue serving as the leasing agent for the property, which he said is 22 percent occupied.
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