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Jax Daily Record Tuesday, Sep. 14, 202104:50 AM EST

Synovus finances Graham Capital warehouse deal

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The bank and Graham Capital executed the mortgage and security agreement Aug. 18.

Synovus Bank in Columbus, Georgia, financed Graham Capital’s warehouse investment in West Jacksonville for $17.582 million, according to the mortgage recorded Sept. 3 with the Duval County Clerk of Courts. 

The bank and Graham Capital executed the mortgage and security agreement Aug. 18, the same day the investor paid $24.85 million for properties in West Jacksonville totaling 375,279 square feet of space.

Graham, based in Birmingham, Alabama, bought and financed the deal through JAX Westside Partners LLC.

It paid $12.85 million for three buildings totaling 156,165 square feet at 7051 Stuart Ave. and 6982 Highway Ave. They were built between 1969 and 2016.

JAX Westside Partners paid $12 million for two properties at 1550 Ellis Road that total a little more than  219,114 square feet, with the largest built in 1974.

That purchase included 7 vacant acres along Ellis Road North. 

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