Deer Park

Deer Park is a single-tenant, 246,818-square-foot warehouse facility located in St. Augustine, roughly 45 miles south of Jacksonville, FL. Westmount purchased the property in late-2021, and it was our second Florida acquisition for the year following the acquisition of Interstate Business Park in Tampa, FL. Westmount was drawn to the asset’s institutional quality and attractive basis opportunity in one of the most desirable distribution submarkets in the Florida region.

Deer Park sits on 25 acres and features land to expand the building by 100,000 square feet. The property was fully occupied at the time of acquisition. The warehouse space is fully leased to KeHE Distributors, one of the nation’s top wholesale food distributors with 16 distribution centers across North America. KeHE has been a tenant since 2008 and employs over 200 of their 5,500 employees at the space.

The Deer Park facility benefits from immediate access to I-95 and proximity to I-295, enabling tenants to access the majority of the Jacksonville area with ease. Jacksonville is the largest city in Florida and is the fifth fastest-growing city in the country. Constructed in 1994, Deer Park is currently undergoing a roof replacement.

We sold the property in mid-2022.