CBRE has arranged the sale of a 1,373,710-square-foot industrial portfolio in Jacksonville, FL. Dallas-based Hillwood Investment Properties purchased the portfolio from Invesco Real Estate.

CBRE’s Jose Lobón, Trey Barry, and Frank Fallon, represented the seller.. The CBRE National Partners sales team was assisted by Royce Rose and Alain Bonvecchio as well as Ben Stewart, first vice president with CBRE’s Industrial Advisory and Transaction Services group in Jacksonville.

The portfolio consists of two Class-A bulk cross-dock distribution buildings in Jacksonville’s highly sought after Westside industrial submarket. At the time of sale, the portfolio was 100-percent leased to two investment-grade tenants: Unilever and Keurig Dr. Pepper.

Unilever occupies 772,210 square feet at 1200 Presidents Court. Keurig Dr. Pepper occupies 601,500 square feet at 2300 Pickettville Road. Both properties are strategically located for regional distribution via nearby access to Interstates 295, 10, and 95.