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Newmark Grubb Phoenix Brokers $10.5M Sale of 588,000 SF Industrial Facility in Jacksonville

The 588,000-square-foot manufacturing and warehouse facility located at 5245 Commonwealth Ave. in Jacksonville is fully leased to two tenants, Fanatics and Dickinson Fleet Services.

JACKSONVILLE, FLA. — Newmark Grubb Phoenix Realty Group has brokered the $10.5 million sale of a 588,000-square-foot manufacturing and warehouse facility located at 5245 Commonwealth Ave. in Jacksonville. Situated on 28 acres within Jacksonville’s Westside submarket, the property is fully leased to two tenants, Fanatics and Dickinson Fleet Services. Woodland, Calif.-based Tower Investments LLC purchased the building from FT-WD Property LLC. John Richardson and Bryan Bartlett of Newmark Grubb Phoenix represented the buyer in the transaction. Newmark Grubb Phoenix has been the leasing agent for the property for more than 10 years.

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