InLight pays $21 million for Woodsman Kitchens & Floors properties

The Ponte Vedra Beach-based investor is leasing the four Southside properties back to the Jacksonville company.

The Woodsman Kitchens and Floors retail store and warehouse at 11732 Beach Blvd.
The Woodsman Kitchens and Floors retail store and warehouse at 11732 Beach Blvd.
Woodsman Kitchens and Floors
  • Real Estate
  • Share

InLight Real Estate Partners LLC paid $21 million for four Southside properties it bought in a long-term sale-leaseback to New Vision Properties Inc.

Through Beach Blvd SLB Jacksonville Propco LLC, InLight bought the properties Nov. 16. The properties are used by Woodsman Kitchens & Floors.

Richard S. Woods Jr. is president of New Vision Properties Inc. and chairman of Woodsman Kitchens & Floors Inc.

First Horizon Bank in Ponte Vedra Beach issued a $13.65 million mortgage Nov. 16 to InLight.

The deed and mortgage were recorded Nov. 20 with the Duval County Clerk of Courts.

The deed shows Ponte Vedra Beach-based InLight bought:

• 11732 Beach Blvd. The 20,225-square-foot retail store and 15,150-square-foot warehouse was built in 1996 on 2.66 acres. 

• 11744 Beach Blvd. The 23,794-square-foot flex warehouse was built in 2001 on 1.31 acres.

• 3484 Saland Way. The 41,600-square-foot light-manufacturing facility was built in 2021 on 4.24 acres.

• 3621 Beachwood Court. The 45,104-square-foot warehouse was built in 2017 on 3.56 acres.

Heritage Capital Group Inc. announced Nov. 17 that New Vision Properties completed a long-term sale-leaseback transaction between an affiliate of InLight Real Estate Partners and Woodsman Kitchens and Floors.

New Vision Properties owned the four industrial buildings leased to Woodsman Kitchens & Floors.

Heritage Capital Group is a Jacksonville-based investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide.

Steel Beach Advisors LLC, the real estate and business brokerage affiliate of Heritage Capital Group, executed the transaction on behalf of its client, New Vision Properties, according to a news release.

The release said CBRE’s Jacksonville office represented the buyer, InLight Real Estate Partners, an industrial real estate investor and development company.



Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.