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Lincoln Property buys Pickettville Road land

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Jack Allen sold the site after preparing it with permitting and approvals

Landowner Jack Allen sold 41.3 acres in West Jacksonville to Lincoln Property Co. on June 1 for $5.5 million.

Colliers Director Joseph Turri represented Allen in the sale of property at 2992 Pickettville Road. He said 27.6 acres is usable.

Turri said Chicago-based Lincoln Property intends to build a 300,000-square-foot distribution center on about 12 acres and use the remainder for parking and truck parking.

Turri said Allen prepared the property for sale for two years. The sales brochure says the property has several plans and permits in place.

Colliers Senior Associate Michael Cassidy also represented the property.

Turri said Lincoln is investing aggressively in Jacksonville. It bought an eight-building industrial park in North Jacksonville on June 2.

 

Source: Jax Daily Record


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Joseph Turri

Director

Jacksonville

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Michael Cassidy

Senior Associate

Jacksonville

Michael joined Colliers International | Northeast Florida in April 2019 as an Associate for the Bumgarner Industrial Team. As a third generation Floridian and a lifetime resident of Jacksonville, Michael has had the opportunity of creating strong connections with the local and regional market. He brings experience in sales, customer relationship management and financial analysis and his primary focus is to assist the Bumgarner Industrial Team while entering the market as an young professional and developing quality client relationships.

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