Eight properties in Jacksonville sell to Canadian firm for $53 million

A Canadian real estate firm has paid for than $50 million for eight Jacksonville properties. Ivanhoe Cambridge, a global firm with headquarters in Montreal, announced last week that it had purchased a portfolio of more than 150 industrial properties in 18 markets from TPG Real Estate. Terms were not disclosed, but deeds filed Friday in Duval County show that nine of the properties are in Duval County, selling for a total of $53,640,000. The properties — seven warehouse/distribution centers and one office building – and prices: • $9,720,000 for 1420 S. Vantage Way • $7,830,000 for 13920 Alvarez Road • $7,180,000 for 1460 Vantage Way • $6,770,000 for 13291 Vantage Way • $6,190,000 for 1350 Tradeport Drive • $5,850,000 for 1371 Tradeport Way • $5,390,000 for 13910 Alvarez Way • $4,710,000 for 13340 International Parkway. TPG Real Estate paid $37,150,000 for the properties in 2015 under its Evergreen Industrial Properties subsidiary. Ivanhoe Cambridge bought Evergreen.

About John Fagan

John is a Jacksonville native who grew up on the First Coast. He graduated from Bishop Kenny High School in 1975 and went to college at Florida State University where he completed a 4-year program in 3 years. John graduated from the Florida State University College of Business in 1978 and went straight into Florida State University College of Law. While in law school, John earned a position on the prestigious Law Review Board serving as its Business Editor. As a law student, John studied in the Oxford program. He also interned with the Florida Legislature working in the Florida House of Representatives Criminal Justice Committee. John was admitted to the Florida Bar in 1981. John began his legal career as a law school intern in the State Attorney's Office in Jacksonville in 1981. After his internship, legendary State Attorney Ed Austin hired John as a full-time Assistant State Attorney for the Fourth Judicial Circuit (Clay, Duval, and Nassau Counties). As a prosecutor, John tried jury and non-jury trial on charges ranging from DUI to Murder. In 1983, John moved from the State Attorney's Office to begin his career in private practice. He has practiced law for 30 years on the First Coast. For the last 20 years, John and his family have made Clay County their home. John limits his practice to personal injury and disability cases. While there are many fine attorneys in Clay County, John is one of only a few Clay County attorneys who limit their practice to personal injury and disability cases. John takes pride in helping clients resolve injury claims in ways that avoid the stress, uncertainty, and the expense of unnecessary litigation. Professional Activities John is the past President of the Clay County Bar Association and has served on the Board of the Clay County Bar Association from 2009-2013. He is an active member of the Florida Bar, and the Federal Bar of the Middle and Southern Districts of Florida. He is also a member of the American Association of Justice, the Florida Association of Justice, the National Organization of Social Security Claimants' Representatives, and the National Organization of Veterans' Advocates. Service to the Community John is involved in the Clay County Community serving as a member and Director of the Rotary Club of Orange Park, of the Clay County Bar Association, and the Putnam County Bar Association.
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