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Massey Distribution Buys Jacksonville Warehouse From Private Developer

Newly Built Warehouse Sold for Well Above per Square Foot Market Rate
Massey Distribution purchased the roughly 172,000-square-foot warehouse from a private developer. (CoStar)
Massey Distribution purchased the roughly 172,000-square-foot warehouse from a private developer. (CoStar)
By Adam Miller
CoStar Research
October 26, 2023 | 3:21 P.M.

It is a volatile time in commercial real estate, and market conditions have swung in Florida. Just a year ago, industrial properties seemed to be the holy grail of development, yet now the market has begun to slow down ever so slightly.

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News | Massey Distribution Buys Jacksonville Warehouse From Private Developer