The group paid $6.75 million for the Jacksonville office-warehouse on Philips Highway for its second location in the state.
Deerfield Beach-based owners of ProCraft Cabinetry Florida LLC bought the former Ja-Ru Inc. headquarters office and warehouse along Philips Highway to open its second location in the state.
P&C Development Florida LLC paid $6.75 million Dec. 15 for what property records show is a 128,856-square-foot building on 5.27 acres at 4030 Philips Highway.
Cathay Bank of Chicago financed the deal with a $4.69 million mortgage.
Jacksonville-based Ja-Ru, a toy importer, developed and moved into a larger office-warehouse in Flagler Center.
Yao Zhao, a member of the ownership group, said Dec. 18 he wanted to open in April or May after about $800,000 in upgrades to the building, which was developed in 1985.
Zhao said the group is working on architecture and building design for the upgrades.
He will renovate the existing office into showroom space and will improve the exterior, among other work. He expects new warehouse racking.
ProCraft Cabinetry Florida LLC says on its procraftmiami.com website that it is becoming one of the nation’s largest importers and wholesalers of direct manufactured wood cabinetry in South Florida.
“We offer a personal approach to remodeling and renovating with our beautiful high-end cabinets,” it says.
Zhao said ProCraft expects to start with 20 employees.
The Deerfield location is known as ProCraft Cabinetry Florida. The Philips Highway property will be ProCraft Cabinetry Jacksonville.
Zhao said the group also is looking in the Tampa area for a location.
“We tried to do a triangle to reach of all of Florida,” Zhao said.
Guy Preston, Seda Preston and Eric Bumgarner of Colliers International represented Ja-Ru in the sale.