Key Takeaways
- • Graham Capital deployed $24.85 million on August 18 to acquire 375,279 square feet of warehouse properties in West Jacksonville, marking the fifth transaction for its newly launched Fund I.
- • The acquisition comprises two separate purchases: $12.85 million for three industrial buildings (156,165 sq ft) at Stuart Avenue and Highway Avenue, and $12 million for two properties (219,114 sq ft) at Ellis Road, including 7 vacant acres.
- • Matthew Graham, principal of the Birmingham, Alabama-based real estate private equity firm, stated the firm is "actively seeking more deals in the Jacksonville market" and targets 100,000- to 130,000-square-foot distribution centers in infill locations.
- • Graham Capital Fund I, launched at the beginning of 2021, focuses on acquiring and developing highly functional industrial assets across high-growth Southeastern markets with emphasis on risk-adjusted returns.
- • The properties were purchased through JAX Westside Partners LLC, a vehicle registered by Graham Capital on August 9, with deeds recorded August 26 in Duval County.
Summary
Graham Capital, a real estate private equity firm based in Birmingham, Alabama, has marked its continued commitment to the Northeast Florida industrial market with a $24.85 million acquisition completed August 18 of warehouse and distribution facilities totaling 375,279 square feet in West Jacksonville. Matthew Graham, a principal at the firm, confirmed the company's bullish outlook on the region during remarks made August 27, stating that "we would love to own more" and emphasizing the firm's intention to pursue additional investments in the Jacksonville market.
The transaction, which closed with deeds recorded August 26 in Duval County, was structured as the fifth investment made by Graham Capital Fund I since its launch at the beginning of 2021. The acquisition was executed through JAX Westside Partners LLC, a limited liability company registered with the state on August 9. The purchase comprised two distinct components: $12.85 million for three industrial buildings totaling 156,165 square feet located at 7051 Stuart Avenue and 6982 Highway Avenue (constructed between 1969 and 2016), and $12 million for two properties at 1550 Ellis Road totaling 219,114 square feet, including 7 vacant acres along Ellis Road North. The largest building in the Ellis Road portfolio was constructed in 1974.
Graham Capital characterizes itself as a real estate private equity firm focused on "creating attractive risk-adjusted returns for its investors through the acquisition and development of highly functional industrial assets across the Southeastern U.S." The firm's strategy prioritizes "high-growth Southeastern markets," with particular emphasis on industrial properties. Matthew Graham indicated the firm is specifically targeting acquisition opportunities in the 100,000- to 130,000-square-foot range in infill markets, suggesting a disciplined, size-focused investment approach aligned with distribution and logistics demand in the region.
The transaction, which closed with deeds recorded August 26 in Duval County, was structured as the fifth investment made by Graham Capital Fund I since its launch at the beginning of 2021. The acquisition was executed through JAX Westside Partners LLC, a limited liability company registered with the state on August 9. The purchase comprised two distinct components: $12.85 million for three industrial buildings totaling 156,165 square feet located at 7051 Stuart Avenue and 6982 Highway Avenue (constructed between 1969 and 2016), and $12 million for two properties at 1550 Ellis Road totaling 219,114 square feet, including 7 vacant acres along Ellis Road North. The largest building in the Ellis Road portfolio was constructed in 1974.
Graham Capital characterizes itself as a real estate private equity firm focused on "creating attractive risk-adjusted returns for its investors through the acquisition and development of highly functional industrial assets across the Southeastern U.S." The firm's strategy prioritizes "high-growth Southeastern markets," with particular emphasis on industrial properties. Matthew Graham indicated the firm is specifically targeting acquisition opportunities in the 100,000- to 130,000-square-foot range in infill markets, suggesting a disciplined, size-focused investment approach aligned with distribution and logistics demand in the region.
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