INDUS Realty Trust picked up a newly delivered 550,000-square-foot industrial facility that houses Dublin-based Primark’s distribution center. The property is fully leased to Primark, one of the largest clothing retailers in Europe. VanTrust Real Estate sold the recently completed project, Building 200 at 1511 Zoo Parkway in Jacksonville.

The Conlan Co. obtained a permit to make tenant improvements to the Imeson Park South building for Primark at a project cost of $14.5 million. In June 2022, the city issued a permit for The Conlan Co. to build the speculative building at a cost of $25.9 million.

The Primark distribution center has 40-foot clear heights, 99 dock-high doors, four drive-in doors and 175 trailer parking stalls. Primark began operations at the warehouse earlier this year, and the facility is the retailer’s second distribution center in the U.S.

JLL represented VanTrust. John Huguenard, Luis Castillo, Cody Brais, and Taylor Osborne led the JLL Capital Markets Investment Sales and Advisory team.

Bank of America has signed a 550,000-square-foot office lease at Newport Tower in Jersey City.  

Cushman & Wakefield’s Robert Rudin, David DeMatteis, Mina Shehata, Dirk Hrobsky, Karl Helgessen, Jan Randall Dausend and Christina Magill represented the landlord, BGO, in the transaction. CBRE’s Bob Alexander, Ryan Alexander and Taylor Callaghan represented Bank of America. “Bank of America’s long-term commitment to Newport Tower serves as further evidence that companies are prioritizing top-tier buildings that offer quality, connectivity and convenience,” said DeMatteis. 

Located at 525 Washington Boulevard, Newport Tower is a Class A office property on the waterfront that recently underwent renovations, including a redesigned entrance and enhanced amenities. The property offers a retail arcade, fitness center, co-working spaces, meeting rooms, and direct access to Newport Centre Mall.