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Merritt Properties Acquires 11-Building Industrial Park in Jacksonville

JACKSONVILLE, FLA. — Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida Ea

Merritt Properties Acquires 11-Building Industrial Park in Jacksonville
Photo: REBusinessOnline

Summary

JACKSONVILLE, FLA.

— Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida East Coast Railway.

According to the Jacksonville Business Journal, Merritt Properties purchased the campus for $89.8 million. This latest office park acquisition marks Merritt’s first major transaction after receiving a $750 million investment led by Centerbridge Partners to boost its long-term growt

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