Chicago Group Buys Imeson Center
January 24th, 2012 | by Heather Munoz |A Chicago-based investment group bought the 72-acre One Imeson Center in North Jacksonville for almost $16.3 million and intends to invest about $2.5 million into upgrades to capitalize on port and shipping logistics.
GIV Imeson LLC, based in Chicago, bought the 1 Imeson Park Blvd. property in mid-December from Jacksonville Holdings Inc., which consists of a group that has owned the property since 1994.
The property was developed in 1974 as a Sears catalog sales distribution center.
The site comprises a 1.7 million-square-foot office-warehouse and about 37 acres of property that can accommodate up to 1 million square feet of space for development, according to a broker representing the property.
“We can handle distribution, manufacturing, outside storage, call center space and development,” said Ladson Montgomery, vice president and principal of Grubb & Ellis Phoenix Realty Group, which is the brokerage agency for the project.
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