February 06, 2026
MIAMI – Transwestern announces that it has brokered the acquisition and sale-leaseback of a 15-property industrial portfolio across Florida. Transwestern Executive Managing Director Walter Byrd and Managing Principal Andrew Watson represented the buyer, The Easton Group, in negotiations.
The 29.32-acre, 125,017-square-foot portfolio is fully leased to Rentokil, the parent company of Terminix. The properties are located across north, central, and west Florida, including:
- 452 W Pinestead Rd, Pensacola, FL 32503
- 4920 Glover Ln, Milton, FL 32570
- 536 SE Baya Dr, Lake City, FL 32025
- 2405 Crill Ave, Palatka, FL 32177
- 830 Bill France Blvd, Daytona Beach, FL 32117
- 2020 SE US Hwy 19 South, Crystal River, FL 34429
- 2334 Montclair Rd, Leesburg, FL 34748
- 3300 Commerce Blvd, Kissimmee, FL 34741
- 3891 Recker Hwy, Winter Haven, FL 33880
- 34 Hollywood Blvd SW, Fort Walton Beach, FL 32548
- 539 E. Call St, Starke, FL 32091
- 5213 Wesconnett Blvd, Jacksonville, FL 32210
- 128 Masters Dr., St. Augustine, FL 32084
- 4970 NW Capital Dr., Tallahassee, FL 32303
- 3762 NE 14th St., Ocala, FL 34470
“This acquisition highlights the continued strength of the Florida industrial market, particularly for net lease assets,” said Byrd. “These properties offer our client predictable, long-term returns while demonstrating the growing demand for high-quality industrial space across the state.”
Florida has been one of the fastest growing states, with its population increasing by more than eight percent since 2020. During the same period, the industrial real estate market in northern and central Florida has expanded by twenty percent, according to Transwestern Research, with 75% rent growth.
About Transwestern
Transwestern is a preeminent, vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $57 billion1 in assets and have completed or commenced development on more than $9 billion of real estate projects since 2012. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, hotel, and life sciences. Across 33 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.
1Includes the Transwestern organization and RIA AUM as of June 30, 2025.
Media Contact:
Montgomery Angel
346.232.8625
Montgomery.angel@transwestern.com
