February 12, 2020
Adler Real Estate Partners recently acquired Baymeadows Business Center a two-building light-industrial business park in Jacksonville, FL. Baymeadows is composed of two single-story buildings totaling 133,0000 square feet currently 87% occupied by five tenants, comprising a mix of technology and national investment grade rated companies.
This is Adler Partners’ eighth acquisition in Adler Real Estate Fund IV, which launched in 2018 and raised approximately $140 million in equity commitments. To date, Fund IV has acquired light-industrial and related business parks in Charlotte, NC, Columbia, MD, Dallas, TX Deerfield Beach, FL, Raleigh, NC and Tampa, FL.
Fund IV is currently 55% deployed and is focused on acquiring multi-tenant light- industrial assets in high economic and demographic growth markets in the United States.
This is Adler Partners’ eighth acquisition in Adler Real Estate Fund IV, which launched in 2018 and raised approximately $140 million in equity commitments. To date, Fund IV has acquired light-industrial and related business parks in Charlotte, NC, Columbia, MD, Dallas, TX Deerfield Beach, FL, Raleigh, NC and Tampa, FL.
Fund IV is currently 55% deployed and is focused on acquiring multi-tenant light- industrial assets in high economic and demographic growth markets in the United States.
Contact:
James (Ivo) Almuli, Director
almuli@adler-partners.com, (305) 392-4017
