CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges $58.4M Sale of Florida Crossroads Logistics Center for a Group Led by Red Rock Developments and Wharton Industrial

7/8/2020
Cushman & Wakefield has arranged the $58.4 million sale of Florida Crossroads Logistics Center, a 617,055-square-foot industrial building located in Ocala, Florida.

Florida Crossroads Logistics Center

Mike Davis, Stewart Calhoun, Rick Brugge, Rick Colon and Casey Masters of Cushman & Wakefield represented the seller, a joint venture led by Red Rock Developments and Wharton Industrial, in the transaction. An affiliate of Lexington Realty Trust, an industrial real estate investment trust, acquired the property.

“Located near the northern commencement point of the 309-mile Florida’s Turnpike, Ocala’s strategic location combined with a robust labor force makes the city a rapidly expanding distribution hub for the State of Florida and the Southeastern United States,” Davis said.

The newly built state-of-the-art building sits on 46.08 acres and is fully leased on a long-term triple-net lease. The property is strategically located at 3400 NW 35th Street at the intersection of Interstate 75 and US Highway 27, with 1,500 square feet of linear frontage on Interstate 75. The building features 36’8” min clear height, cross dock configuration, 52’ x 56’ column spacing, 200’ deep truck court, up to 221 trailer parks, 120 dock door positions, full HVAC and ESFR sprinklers.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS