A flex warehouse in Gran Park at The Avenues in South Jacksonville sold June 30 for $15 million – 62% more than what it sold for less than a year ago.
The 12.67-acre property is at 10475 Fortune Parkway southeast of The Avenues mall.
The buyer was the Faropoint real estate investment firm of Hoboken, New Jersey, through FIVF III (K-Facility) TRS LLC. Faropoint says it focuses on last-mile industrial properties and has acquired more than 500 warehouses in the U.S.