A business park was acquired in Jacksonville, and the company nearly doubled its local footprint. Merritt Properties acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park in Jacksonville’s Butler Corridor, marking the largest acquisition in the company’s history. The deal nearly doubled Merritt’s Jacksonville footprint and was the first major transaction announced since the company secured a $750 million investment led by Centerbridge Partners to accelerate its long-term growth strategy.
With Center Point Business Park, Merritt’s Jacksonville portfolio now totals approximately 1.13 million square feet across five business parks, including Imeson Landing Business Park, Merritt at Gate Parkway, Magnolia Park and Beach Commerce Center.
Located at 4801-6631 Executive Park Court, the property is approximately 1.2 miles from Interstate 95 and one-half mile from the Florida East Coast Railway, providing last-mile connectivity throughout the market…