Owned in conjunction with a Fortune 50 pension fund, these two U.S. Customs and Border Protection (CBP) facilities are 100% occupied by the United States government. Both of these Florida assets were built-to-suit for CBP in 2004 and are within the first-generation of their lease terms. The larger asset is a 23,653-sf facility in Riviera Beach, FL, and the smaller asset is a 12,160-square foot facility in Jacksonville, FL. These are good examples of FD Stonwater’s opportunistic federal strategy due to the shorter nature of the remaining lease terms.
|Acquisition Date||October 2012|
|No. of Buildings||2|
|Tenant Sampling||US Customs & Border Patrol|