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Adler Real Estate Partners buys two-building business park in Jacksonville, FL.

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.  
James (Ivo) Almuli, Director, (305) 392-4017

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