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Concourse office park sold off-market to New York City investor | Jax Daily Record | Jacksonville Daily Record

New York City-based Jack Sitt Real Estate LLC is the buyer who invested in The Concourse office park along Belfort Road at Butler Boulevard and Interstate 95.
Through Jax Concourse Owners Corp., Jack Sitt Real Estate paid $43 million on June 10 for the 303,648-square-foot office park on 19.48 acres at 5200-5210-5220 Belfort Road. It comprises three four-story buildings.
The company bought the property, built in 1998-2001, from Jax Concourse Property LLC, which is Westport Capital Partners of Stamford, Connecticut. Westport paid almost $36.1 million for the property in 2018.
NAI Hallmark Managing Partner Christian Harden said July 14 his commercial real estate group assisted the seller in the June 2021 transaction. ....

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Melbourne cold storage warehouse to be biggest in Australia

Melbourne cold storage warehouse to be biggest in Australia
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

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North Signal Capital Announces Purchase of 10 Acres within North Pointe Commerce Park with Plan to Deliver 125,000 SF Multi-Tenant Spec Building in July 2022

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CHARLESTON, S.C., May 13, 2021 /PRNewswire/
Today, North Signal is pleased to announce the acquisition of a fully entitled, light-industrial zoned,10.1 acre land parcel from,
a joint venture owned by an affiliate of North Signal Capital LLC and a fund managed by Westport Capital Partners LLC (the Joint Venture ). North Signal is simultaneously announcing its plan to develop a +/- 125,000 SF multi-tenant industrial building at this site, 1014 Northpointe Industrial Boulevard, with an expected delivery in June 2022.
The transaction represents an effective conclusion of a successful joint venture between Westport Capital and North Signal Capital involving three land parcels within North Pointe Commerce Park. As has been previously reported, the two other parcels, 7413 Magi Road and 1017 Northpointe Industrial Boulevard were successfully developed into a 313,650 SF built to suit for lease by SAIC and a 247,000 SF building fully leased to Ex ....

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Developer buys 54 acres in Meadowville Tech Park to build huge warehouse

Developer buys 54 acres in Meadowville Tech Park to build huge warehouse
March 16, 2021
A rendering of Red Rock Development’s upcoming $20 million industrial facility, which it plans to build on land it recently purchased at Meadowville Technology Park in Chesterfield County. (
Images courtesy of Chesterfield County Economic Development)
Another chunk of Meadowville Technology Park has been sold off, this time to a developer that plans to build a sizable new industrial building on spec.
Red Rock Development out of Columbia, South Carolina, bought about 54 acres in the park for $3.2 million from the Chesterfield Economic Development Authority in a deal that closed Friday. ....

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Developer obtains $92M loan for 17-story residential building in region | Business Observer

1 month ago
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BTI Partners funded construction of its Marina Pointe condo tower, in the Westshore Marina District, with equity until a loan was obtained last month.
by:
Kevin McQuaid
Commercial Real Estate Editor
Commercial real estate financing has been harder to obtain since COVID-19 wreaked havoc on the U.S., but some projects have found a way to prevail despite the underwriting complexities brought about by the pandemic.
BTI Partners’ Marina Pointe condominium tower in the developer’s Westshore Marina District is a striking example in the Tampa area.
The Fort Lauderdale-based developer obtained a $92 million construction loan for the 17-story residential building late last year from Bank OZK, with help of multifamily finance specialist Walker & Dunlop. ....

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