CIP Real Estate buys JAX Airport Logistics Center near Jacksonville airport in $51.6 million deal

Acquisition adds newly delivered warehouse capacity beside Jacksonville International Airport

CIP Real Estate has acquired JAX Airport Logistics Center, a two-building industrial complex next to Jacksonville International Airport, in a transaction valued at $51.6 million. The property totals about 425,000 square feet and sits on roughly 30.18 acres at 14825 International Airport Blvd.

The logistics center was delivered in December 2025 and was developed by Pan American Company, which is owned by former Florida Lt. Gov. Carlos Lopez-Cantera. Market reports tied to the sale indicate the transfer occurred in early January 2026 and involved a Pan American-related entity as seller.

What was purchased: two Class A warehouses designed for flexible leasing

The site consists of two warehouses totaling approximately 425,000 square feet, positioned as “mid-bay” logistics space that can be divided into suites ranging from about 25,000 to 225,000 square feet. The buildings are marketed as Class A logistics facilities intended to accommodate a range of users, from smaller regional distributors to larger tenants seeking near-airport operations.

• Location: immediate adjacency to Jacksonville International Airport, with proximity to I-95 and I-295
• Configuration: two buildings, including approximately 200,000 and 225,000 square feet
• Warehouse features: 32-foot clear heights, 250-foot building depths, dock packages and ramps
• Site features: excess trailer parking and multiple speculative office suites

Financing and leasing plans

The acquisition closed all-cash and is expected to be financed with a $35.6 million bridge loan. Colliers represented the seller in the transaction and has also been retained to lead leasing for the property, with a brokerage team assigned to market the space.

The buyer described the location as a rare industrial logistics opportunity in close proximity to airport and port infrastructure and said leasing efforts would emphasize flexible suite sizes and office configurations.

How the deal fits into Jacksonville’s industrial investment activity

The purchase expands CIP Real Estate’s industrial footprint in Jacksonville following an earlier acquisition of Imeson Commerce Center, a separate Class A facility in the market purchased in April 2025 for $53.75 million. With the addition of JAX Airport Logistics Center, the company has stated its Jacksonville-area industrial portfolio now exceeds 825,000 square feet, part of a broader Florida holdings total it places at roughly 2 million square feet acquired within the past year.

The transaction also underscores continued investor focus on logistics sites anchored by major transportation assets—air cargo access, interstate connectivity, and proximity to port operations—particularly for recently built facilities that can be leased in smaller increments.