NAI Hallmark, a Jacksonville commercial real estate firm, represented affiliates of Ware Capital in the sale of a five-property industrial portfolio to Ponte Vedra Beach buyer InLight Real Estate Partners for roughly $23.57 million. The assets, a mix of warehouse and showroom facilities in Daytona, Melbourne, Orlando and Sanford, Florida, plus one property in South Carolina, are all leased to HVAC distributor Johnstone Supply, and NAI Hallmark said it negotiated long-term lease extensions for the tenant. The deal hands InLight a cluster of operating, cash-flowing industrial assets that the Ware family assembled over decades.
The Deal in Brief
According to Jax Daily Record, NAI Hallmark served as exclusive adviser to affiliates of Jacksonville-based Ware Capital in the transaction and finalized the sale for almost $23.57 million. The brokerage said the portfolio is concentrated in high-growth corridors with strong access to major transportation routes, and that lease extensions were negotiated to line up the properties with the tenant’s operating needs.
…