Republic National Distributing Co. sold its North Jacksonville warehouse for $12.1 million May 29 as part of a multistate beverage distribution deal.\u00a0<\/p>\n
Republic sold the property at 9423 N. Main St. through Loan Oak – Jacksonville LLC to Reyes Holdings LLC of Rosemont, Illinois.<\/p>\n
The warehouse is north of Gun Club Road, south of Van Dyck Road and west of Parker Avenue.<\/p>\n
The 177,239 square-foot building was constructed on 10 acres in 1972. The single-story building has an average height of 26 feet.<\/p>\n
Before the transaction, it last sold for $6.7 million in 2007.<\/p>\n
Reyes Holdings is a multibillion-dollar private food and beverage conglomerate with three primary subsidiaries, according to its website.<\/p>\n
Subsidiary Reyes Beverage Group made the purchase. It identifies itself as one of the largest beer distributors in the U.S., with 240,000 accounts.<\/p>\n
According to a release on the Republic site, the transaction involved 11 Republic markets: Arizona, Colorado, Florida, Hawaii, Louisiana, Maryland, Oklahoma, South Carolina, Texas, Virginia, and Washington, D.C. The transaction in Hawaii is pending, subject to regulatory approvals.\u00a0<\/p>\n
Neither that release nor a similar one on the Reyes Beverage Group site listed the total amount of the multistate transaction.<\/p>\n
The Republic National Distributing Co. website says it is one of the nation\u2019s leading wholesale beverage alcohol distributors. It specializes in wine and spirits.<\/p>\n
In April, the Daily Record reported that Republic filed a federal Worker Adjustment and Retraining Notification that it was closing the facility, affecting 169 jobs.<\/p>\n
The same notice stated that Reyes Holdings planned to offer employment to some of the workers.<\/p>\n
Reyes is buying other Republic operation facilities in Florida. Those facilities are in Deerfield Beach, Pensacola and Tampa, affecting a total of 1,046 Florida employees.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Republic National Distributing Co. sold its North Jacksonville warehouse for $12.1 million May 29 as part of a…\n","protected":false},"author":2,"featured_media":297642,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[116,118,117],"class_list":["post-297641","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jacksonville","tag-jacksonville","tag-jacksonville-headlines","tag-jacksonville-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/297641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=297641"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/297641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/297642"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=297641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=297641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=297641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}