By Danielle 
JLL Capital Markets announced on Sept. 12 that it sold a 98,408-square-foot distribution centre in Jacksonville, Florida, for $21.1 million.
The property, located at 4925 Bulls Bay Highway in Jacksonville’s Westside submarket, is fully leased to Henry Schein, Inc., a Fortune 500 global leader in healthcare product distribution. The side-load facility, built in 2006, sits on 13.35 acres and includes 25-foot clear height, 25 dock-high doors, and 2.25 acres of expansion or storage potential.
“This was an excellent asset in Brennan Investment Group’s portfolio that attracted strong institutional interest,” said Cody Brais, managing director at JLL.
Brais and his colleagues—Senior Managing Director Luis Castillo, Associate Taylor Osborne and Analyst David Orta Jr.—facilitated the deal.
“Jacksonville’s industrial market continues to outperform with sustained rent growth and low vacancy, which was further complemented by the stability of a Fortune 500 tenant and the upside potential of future expansion on excess land with this offering,” Brais added.
The distribution centre was last sold in 2022 for $15.83 million.
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Henry Schein authorizes $750M share repurchase
On Sept. 9, Henry Schein announced that its Board of Directors authorized a new $750 million share repurchase program.
This comes on top of a $500 million program announced in January 2025, which is expected to be fully executed by the end of Q1 2026. The company had approximately 118.6 million shares outstanding as of Sept. 8, meaning the new authorization represents about 9 percent of shares outstanding at the current stock price.
“Henry Schein’s decision to repurchase shares reflects the confidence we have in our 2025–2027 BOLD+1 Strategic Plan and its potential to deliver sustainable growth and value,” said Ronald N. South, Senior Vice President and Chief Financial Officer. “With the support of a strong balance sheet, we are well positioned to serve our markets and further expand the depth and reach of our health care solutions.”
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Institutional investors expand stakes in Henry Schein
In addition to the repurchase plan, Henry Schein stock continues to attract significant institutional interest.
Great Lakes Advisors LLC, a Chicago-based investment firm, disclosed a new position in the company during Q1 2025, purchasing 65,363 shares valued at approximately $4.48 million, according to a filing with the U.S. Securities and Exchange Commission.
Other large investors have also increased their holdings. Steadfast Capital Management LP boosted its stake by 254.2% in Q4, now holding 1.63 million shares valued at $113.3 million after acquiring more than 1.17 million additional shares. Burgundy Asset Management Ltd. also raised its position by 33.9% in Q1 2025.
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