JACKSONVILLE, FL., – November 10, 2022 – NAI Hallmark, leasing agent for EastGroup Properties Inc. (NYSE:EGP) representing their industrial portfolio for the Southside of Jacksonville, Florida, announced today that it has completed a ten (10) year lease renewal for Baker Distributing Co. in Flagler Center at 14610 Breakers Road in Jacksonville, FL 32258. Patrick Thornton, Principal, Jason Purdy, Vice President, and Camden Padgett, Associate represented EastGroup Properties Inc. in the transaction.
The 151,200 square foot single-tenant office warehouse facility was originally a build-to-suit for Baker Distributing Headquarters in 2005. Baker Distributing is a subsidiary of Watsco Inc. (NYSE:WSO), one of the nation’s largest independent distributors of air conditioning, heating and refrigeration equipment and related products.
“We are excited that Baker Distributing will keep their global headquarters at EastGroup Properties’ building in Flagler Center. EastGroup’s Southside portfolio in Jacksonville continues to retain and attract high quality tenants as a testament to their well maintained, modern buildings that are close to the consumer and combined with excellent management and ownership.” said Jason Purdy, Vice President at NAI Hallmark.
For more information regarding the lease at Flagler Center or any questions relating to industrial assets, please contact Jason Purdy at jp@naihallmark.com.
