CenterSquare Announces Acquisition of Jacksonville Industrial Portfolio

January 2021

The Jacksonville Industrial Portfolio consists of eight industrial properties totaling 382,000 square feet located in infill submarkets of Jacksonville, FL. The Portfolio is 100% occupied by a diversified rent roll of 21 tenants with an average tenure of 11 years. The properties are functional infill warehouses with 22’ average clear heights, large truck courts, combination dock-high & grade-level loading, and convenient access to major transportation infrastructure. The Portfolio was acquired in a joint venture with Somerset Properties, an active investor in the Jacksonville market with a strong track record of repositioning properties.