JLL Capital Markets introduced on Sept. 12 that it bought a 98,408-square-foot distribution centre in Jacksonville, Florida, for $21.1 million.
The property, positioned at 4925 Bulls Bay Freeway in Jacksonville’s Westside submarket, is totally leased to Henry Schein, Inc., a Fortune 500 world chief in healthcare product distribution. The side-load facility, inbuilt 2006, sits on 13.35 acres and consists of 25-foot clear top, 25 dock-high doorways, and a couple of.25 acres of growth or storage potential.
“This was a superb asset in Brennan Funding Group’s portfolio that attracted robust institutional curiosity,” mentioned Cody Brais, managing director at JLL.
Brais and his colleagues—Senior Managing Director Luis Castillo, Affiliate Taylor Osborne and Analyst David Orta Jr.—facilitated the deal.
“Jacksonville’s industrial market continues to outperform with sustained hire progress and low emptiness, which was additional complemented by the soundness of a Fortune 500 tenant and the upside potential of future growth on extra land with this providing,” Brais added.
The distribution centre was final bought in 2022 for $15.83 million.
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Henry Schein authorizes $750M share repurchase
On Sept. 9, Henry Schein introduced that its Board of Administrators approved a brand new $750 million share repurchase program.
This comes on prime of a $500 million program introduced in January 2025, which is predicted to be totally executed by the top of Q1 2026. The corporate had roughly 118.6 million shares excellent as of Sept. 8, that means the brand new authorization represents about 9 p.c of shares excellent on the present inventory value.
“Henry Schein’s determination to repurchase shares displays the boldness now we have in our 2025–2027 BOLD+1 Strategic Plan and its potential to ship sustainable progress and worth,” mentioned Ronald N. South, Senior Vice President and Chief Monetary Officer. “With the assist of a robust steadiness sheet, we’re effectively positioned to serve our markets and additional develop the depth and attain of our well being care options.”
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Institutional traders develop stakes in Henry Schein
Along with the repurchase plan, Henry Schein inventory continues to draw important institutional curiosity.
Nice Lakes Advisors LLC, a Chicago-based funding agency, disclosed a brand new place within the firm throughout Q1 2025, buying 65,363 shares valued at roughly $4.48 million, in keeping with a submitting with the U.S. Securities and Change Fee.
Different giant traders have additionally elevated their holdings. Steadfast Capital Administration LP boosted its stake by 254.2% in This fall, now holding 1.63 million shares valued at $113.3 million after buying greater than 1.17 million extra shares. Burgundy Asset Administration Ltd. additionally raised its place by 33.9% in Q1 2025.
