JLL closes sale of fully leased Fort Pierce industrial property

MIAMI, Sept. 29, 2025 –  JLL Capital Markets announced today the sale of Interstate Commerce Center, a 211,547-square-foot industrial facility in Fort Pierce, Florida.

JLL represented the seller, JBL Asset Management, and their partner Avenue Property Group, in the transaction, while Invesco Real Estate acquired the property.

The Class A warehouse complex sits on 12.71 acres at 3800 Crossroads Parkway and features exceptional highway connectivity, positioned less than one mile from both Florida's Turnpike and Interstate 95. The property provides 1,300 feet of direct I-95 frontage with exposure to more than 76,000 vehicles daily.

The building maintains 100 percent occupancy with a diversified tenant roster, including Town & Country, Artisan Design Group, Cameron Ashley Building Products, Next Plumbing Supply and Rainforest Distribution.

Interstate Commerce Center's strategic location provides access to 8.8 million consumers within a two-hour drive, including 37 percent of Florida's population. The property sits at one of only three intersections statewide where I-95 and Florida's Turnpike converge, enabling efficient distribution patterns throughout South and Central Florida.

The JLL Capital Markets team was led by Senior Managing Director Luis Castillo, Managing Director Cody Brais, Associate Taylor Osborne and Analyst David Orta Jr.

"The strength of the Fort Pierce market exemplifies what we are witnessing across Florida," Castillo said. "With leasing activity substantially outperforming national trends and healthy rent growth trajectories, investors recognize the compelling fundamentals driving demand throughout the state."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

JBL Asset Management is a fully integrated commercial real estate investment and management company that primarily invests in retail shopping centers in major MSAs across the country. JBL’s current portfolio totals about 4.7 million square feet and is located across 11 different states, with concentrations in Florida, Georgia and Texas. Founded in 2005 by Jacob Khotoveli, the firm’s investment philosophy has continued to evolve along with market cycles and new opportunities. JBL’s integrity and speed of execution have made it a sought-after transaction partner for institutional and private investors alike. In the past 24 months, JBL has executed on 7 separate transactions which included 12 properties totaling 1,684,374 square feet. For additional information, visit www.jblmgmt.com

Avenue Property Group is a boutique real estate investment firm specialized in acquiring and strategically repositioning commercial assets. Founded in 2010 by Daniel Gohari, the company leverages deep industry expertise to execute opportunistic strategies that maximize asset value. With a focus on Florida, New York, and select markets nationwide, Avenue Property Group identifies high-potential investments and applies a hands-on approach to enhance long-term growth and returns. For additional information, visit www.avepg.com.

Invesco Real Estate is a global leader in the real estate investment management business with $83 billion in real estate assets under management, 603 employees and 21 regional offices across the U.S., Europe and Asia Pacific as of March 31, 2025. With over a 40-year history, Invesco Real Estate invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.