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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 real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Senior Communications Specialist, South Region • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's South region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.