JACKSONVILLE, Fla.--(BUSINESS WIRE)--

Miami-based Simi Capital Group (SCG) has entered the Jacksonville market with the $7.5 million acquisition of a 75,000-square-foot industrial property at 4549 St. Augustine Road, marking the firm’s first investment in the region and signaling its long-term commitment to expanding across the Southeast with five Florida acquisitions this year alone.

The property—a landmark site that had remained in the same family ownership for over 50 years—is being repositioned into a state-of-the-art, small-bay industrial park designed to meet the growing demand for high-quality, flexible space from Jacksonville’s thriving base of service, construction, and logistics tenants.

SCG plans a comprehensive renovation of the asset, including upgraded offices, LED lighting, fresh exterior finishes, and a fully secured site with an automated gate and 24/7 camera surveillance. Once complete, the business park will offer modern suites ranging from 1,500 to 4,500 square feet, appealing to both established companies and emerging local businesses looking for well-located, efficient space just minutes from downtown Jacksonville and major transportation routes.

“We’re thrilled to make our first acquisition in Jacksonville,” said Andrew Skydell, Co-Founder and Managing Partner of Simi Capital Group. “This city has incredible momentum and is becoming one of the Southeast’s most dynamic industrial markets.”

The purchase marks the first of what SCG hopes will be a series of acquisitions across Florida and the greater Southeast, with a focus on repositioning Class B industrial assets that can benefit from strategic investment and hands-on management.

“Our vision is to bring new energy to well-located but under-served properties,” said Jake Diamond Co-Founder and Managing Partner. “We want to create high-quality industrial parks that give small and mid-sized tenants the kind of space and professionalism they typically only find in newer, large-format developments.”

About Simi Capital Group

Simi Capital Group (SCG) is a vertically integrated real estate investment and development firm headquartered in Miami, FL. SCG specializes in the acquisition, repositioning, and management of industrial and logistics assets across the United States. The firm focuses on unlocking value through capital improvements, operational efficiencies, and long-term partnerships with tenants and communities.

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Source: Simi Capital Group