Real Capital Solutions Acquires Newly Completed Build-to-Suit McKesson Headquarters in Jacksonville, FL
LOUISVILLE, Colo., September 20, 2019 – Real Capital Solutions is proud to announce the acquisition of the Class-AA Jacksonville headquarters of global healthcare provider, McKesson, located in Jacksonville, Florida at 6651 Gate Parkway. The newly-completed building is 120,407 rentable square feet and will be fully occupied by McKesson on a 10-year lease term. The property was developed by Hines within Hines’ signature Southside Quarter mixed-use community, which will boast 1,000 residential units, 140 hotel rooms, 100,000 square feet of retail and restaurants and office once the community is fully developed.
This build-to-suit for McKesson delivers space for nearly 800 employees working in the medical-surgical field, and features a modern design with collaborative workspaces, lake views, highway visibility, and walkable amenities.
“We are excited to purchase another Class-AA office building in Florida,” said Adam Abeln, VP of Acquisitions. “Over the last five months we have deployed nearly $100 million of capital towards single tenant net lease properties and we are looking for additional projects similar to McKesson nationwide,” Abeln added.
McKesson is ranked #6 on the Fortune 500 list (2017), delivering one third of all pharmaceuticals in the US. McKesson provides pharmaceutical and medical products and business services to retail pharmacies and institutional providers like hospitals and health systems throughout North America and internationally. The company also supplies specialty pharmaceutical solutions for biotech and pharmaceutical manufacturers, as well as practice management, technology and clinical support to oncology and other specialty practices. McKesson delivers a comprehensive offering of healthcare products, technology, equipment and related services to the non-hospital market – including physician offices, surgery centers, long-term care facilities and home healthcare businesses.
Florida’s economy has undergone a metamorphosis over the past decade, shifting from the tourism industry to the high technology, life sciences, business services, healthcare and retail/wholesale trade sectors. Due to the growing retirement-age population, healthcare added almost $130 billion to Florida’s economy annually. It supports the addition of over 900,000 new direct and indirect jobs in healthcare.
This is the fifth recent acquisition of an office building in Florida for Real Capital Solutions. The company purchased The Plaza Office Condo Building, approximately 83,000 SF of two Class A office towers totaling 330,000 SF in downtown Orlando, FL in August 2019. The company also purchased Siemens Energy Quad III, a 226,548 square foot Class-A office building located in Orlando, FL in April 2019. RCS purchased 6800 Southpoint Parkway Center, a single-story suburban office located in Jacksonville in mid-January 2019 as well as Wickham Commons, a six-building office park located in Melbourne in late-January 2019.