CIP Real Estate Pays $54M ($127psf) for North Signal, Fox Capital’s Jacksonville Class A distribution center leased to RoadOne IntermodLogistics

CIP Real Estate has acquired Imeson Commerce Center, a recently completed 422,136-square-foot Class A distribution center in Jacksonville, Fla. JLL Capital Markets advised the sellers, North Signal Capital and Fox Capital Partners. The transaction’s dollar value was $53.8 million. The project was delivered in 2023 and is fully leased to RoadOne IntermodaLogistics, a leading North American intermodal trucking provider.

North Signal Capital
Peter Goulding, CFA | Partner
Fox Capital Partners (FCP)
J. Michael Gleason | Managing Partner
CIP Real Estate
Eric Smyth | Founding Principal/CEO

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