New York City-based “opportunistic” investment firm Woodhill Real Estate bought the closing Revlon manufacturing plant in West Jacksonville.
Through Overmyer Industrial I LLC, Woodhill paid $10.07 million for the West Jacksonville property May 29.
Roux Laboratories Inc., also based in New York City, sold the property, which comprises 185,179 square feet of manufacturing and warehouse space among several buildings on 7.38 acres.
Beauty products company Revlon filed a notice under the Worker Adjustment and Retraining Notification Act saying it is closing the manufacturing facility at 5344 Overmyer Drive, resulting in the permanent layoff of 127 employees.
In a May 16 letter to the Florida Department of Commerce, Revlon said the layoffs will begin July 18 and will continue for three month