Jacksonville-based NAI Hallmark announced April 28 that it represented the seller of a five-property industrial portfolio to InLight Real Estate Partners for almost $23.57 million.
Affiliates of Jacksonville-based Ware Capital sold the warehouse and showroom facilities across Florida and South Carolina, all leased to Johnstone Supply, an HVAC distribution company.
NAI Hallmark, a commercial real estate firm, said it negotiated long-term lease extensions with Johnstone Supply.
The portfolio comprises Florida properties in Daytona, Melbourne, Orlando and Sanford and one in South Carolina.
NAI Hallmark said the properties are warehouse and showroom spaces in high-growth markets with strong access to major transportation corridors.
“Ware Capital took a strategic, long-term approach to aligning the location and functionality of their real estate with the needs of the operating business,” said Keith Goldfaden, owner and chief strategy officer at NAI Hallmark, in the news release.
“We value the opportunity to work with clients like Ware Capital, as they encourage a broader perspective and a focus on achieving the best long-term outcomes.”
“Deals like this don’t happen without trust,” said Charles Margiotta, chief investment officer and partner at Ponte Vedra Beach-based InLight Real Estate Partners, in the release.
“The Ware family curated an exceptional portfolio over decades, and we’re grateful for the opportunity to be its next stewards. The NAI Hallmark team ran a thoughtful, relationship-driven process—the kind that’s increasingly rare in today’s market.”
NAI Hallmark said it served as the exclusive adviser in the transaction to “align the interests of the buyer, seller, and tenant, resulting in a successful closing.”