Commercial Property

South Jacksonville office and warehouse development sells for $12.4 million


A South Jacksonville office and warehouse property sold Oct. 17 for $12.4 million.

The complex is at 7900 Belfort Parkway, about 1 mile south of Butler Boulevard near the Interstate 95 interchange.

Pivotal Rail Products LLC sold it through Belfort 3 Partners LLC. 

Corebridge Real Estate Investors Inc. of New York bought the property through Belfort Parkway Industrial Owner LLC. 

Corebridge took out an $8.16 million mortgage with Webster Bank of Jericho, New York.

Corebridge says it is a real estate investment company with $9.2 billion in assets under management.

The 4.96-acre property comprises two buildings, totaling 82,596 square feet of space, developed in 1989.

The property last sold for $4.8 million in 2019.

 



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