New York-based IG Logistics makes second Jax real estate purchase

A New York-based investment group recently purchased its second Jacksonville-area property.

IG Logistics said it acquired a 12-acre property at 5703 Commonwealth Ave. and 1142 Peavy Road

in an off-market deal for $3 million.

IG Logistics is associated with investment and development company Imperium Capital and

previously bought 11075 Blasius Road in Jacksonville earlier this year.

"We are very excited about our second purchase in Jacksonville," said Sam Schneider, managing

partner and co-founder of Imperial Capital. “It is a market we are very bullish on and plan on

being very active in. 5703 Commonwealth is in the premier submarket for outdoor storage and

logistics that we believe will benefit long term from the continued growth of e-commerce."

The site is leased to school bus company First Student, where it does repair and maintenance.

The group said it plans to buy more than $250 million worth of last-mile logistics-related facilities across the U.S. next year.

It's one more example of how logistics and e-commerce are having a huge impact on industrial real estate.

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