The Industrial and Commercial Painting Company will Fully Occupy the 16,550-SF Warehouse
JACKSONVILLE, FL, July 22, 2019 – Cushman & Wakefield has arranged the acquisition of a 16,550-square-foot industrial property for $730,000 on behalf of the buyer, Savage Brothers, Inc. The warehouse will serve as the industrial and commercial painting company’s southeast hub.
At 6566 Commonwealth Ave., the property is situated in the Westside Industrial submarket, which is the largest and one of the most sought-after industrial submarkets in Jacksonville. The property includes 2,275 square feet of recently built-out office space, and features two grade-level truck doors and 18- to 22-foot ceilings.
In addition to the Jacksonville office, Savage Brothers, Inc. has offices in Nashville, Tennessee; Memphis, Tennessee; and Dallas, Texas. From the Jacksonville office, the company serves a majority of Florida’s key markets, including Tampa, Miami and Orlando.
Savage Brothers, Inc. previously leased space at 5800 France Ave. and will be moving its 50 employees to the new office/warehouse with plans for continued growth.
“This was a strategic acquisition for Savage Brothers,” said Calfee. “By choosing to own their own real estate, management has solidified the company’s presence in Florida, while also making a stable investment in Jacksonville’s growing industrial market.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida