PRESS RELEASE - Newmark Phoenix Realty Group Represents REAL CAPITAL SOLUTIONS in 306,611 SF Industr

Jacksonville, Fla. (January 16, 2018) — Newmark Phoenix Realty Group’s (NPRG) Senior Vice President Dan Stover, Senior Vice President/Principal Bryan Bartlett and President/Principal John Richardson represented the Landlord, REAL CAPITAL SOLUTIONS, in a new 306,611 square foot lease located at the Northport Logistics Center, 11530 New Berlin Road, Jacksonville, Fla. The unnamed tenant was represented by Bart Hinson and Bob Selton of Colliers International of Northeast Florida and will utilize the space for warehouse storage and distribution. Newmark Phoenix Realty Group represents REAL CAPITAL SOLUTIONS, the Colorado-based investment manager, exclusively for all leasing activity on their No

Look ahead: Industrial development likely in Jacksonville as vacancy rate starts 2018 below 5 percen

By Derek Gilliam – Reporter, Jacksonville Business Journal Jacksonville's industrial real estate market has an overall vacancy rate below 5 percent heading into 2018, possibly foreshadowing some development plays from the major players in the region as useable available space becomes hard to find. Newmark Phoenix Realty Group President John Richardson said he expects at least one national industrial developer to acquire a parcel in Jacksonville next year. Several national industrial developers are already kicking the tires at some of the sites in the area, he said. "But with prolonged design, planning and permitting time frames, ground breaking on any of these projects most likely would no

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