Two West Jacksonville warehouse properties sold Oct. 23 for a combined $132.43 million.
Hillwood Investment Properties of Dallas sold both properties to EQT Real Estate of Radnor, Pennsylvania.
EQT is one of the largest real estate managers in the world, according to its website. It acquires, develops, leases, and manages logistics/industrial, residential and office/life science properties.
Hillwood sold the 772,210-square-foot warehouse at 12200 Presidents Court through USICV 12000 Presidents Inc. for $71.73 million.
EQT Real Estate bought it through EQT Exeter Industrial VI RIET II LLC.
The warehouse property in Westlake Industrial Park was built on 64.14 acres in 2008.
The building has 32-foot clear heights, 90 dock doors, 186 car parking spaces and 255 trailer parking spaces. Unilever leases the warehouse.
EQT Real Estate also bought the warehouse at 2300 Pickettville Road for $60.7 million.
Hillwood sold it through USICV 2300 Pickettville LLC. EQT Real Estate bought it through Exeter 2300 Pickettville LLC.
Keurig Dr Pepper occupies the 598,587-square-foot distribution center built in 2009. The building has 32-foot clear heights, 128 dock doors, 326 spaces for car parking and 118 trailer parking spaces.
In 2023, Hillwood paid a total of almost $115.65 million for the two properties.