Jacksonville’s Exchange South sold

Vacancy rate low at closing

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Tenant-in-common investors recently purchased a five-building office portfolio in Jacksonville, Fla., for an undisclosed price. The property, Exchange South, totals 194,000 square feet and was sold by G&I V Exchange South LLC. Built between 1990 and 1996, the property is located along Philips Highway, one mile north of the Philips/I-95 intersection. Situated on nearly 18 acres, Exchange South offers distribution and showroom space, and includes a 661-space surface parking lot with additional parking in the rear of each building. At the time of sale, Exchange South was 95 percent leased to numerous tenants, including Florida Oncology Associates P.L., Columbia Analytical Services and Unique Customer Concept Inc. ...