Jacksonville
Public-Private Partnership to Add ‘Central Park’ to Brooklyn, Jacksonville Development
A public-private partnership is looking to bring a signature park to historic Brooklyn and to increase the quality of life for residents of the city; Mayor Alvin Brown and Jen Jones—executive director of Jacksonville Unity Plaza Inc.—accepted the deed to the premiere ‘central park’ for Jacksonville at the construction site…
Continue reading →Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center
Since the Jacksonville Business Journal first reported that a mystery firm is looking to develop a one million-square-foot distribution/warehouse center to the St. Johns Water Management District, this has been the talk of the entire local commercial real estate community.…
Continue reading →Nordstrom Adds 35K SF Rack Store to Local Retail Options in Jacksonville
After last year’s announcement that Nordstrom will be opening a 124,000-square-foot, two-level full-line store at St. Johns Town Center, the fashion retailer is now also planning a 35,000-square-foot Nordstrom Rack store at The Markets at Town Center in Jacksonville. The opening date has been set for fall 2013.…
Continue reading →Omni Amelia Resort Unveils Outcome of Massive $85M Renovation
Omni Amelia Island Plantation Resort has opened its doors on March 5 to unveil the massive $85 million renovation that consisted of both extensive remodeling work on the entire building and the addition of 155 rooms.…
Continue reading →NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties
Real estate financial intermediary NorthMarq has recently arranged a combined acquisition financing of $11.1 million two multifamily properties located in Orange Park, Florida. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrowers…
Continue reading →Rosemont Realty Adds 288KSF Office Complex for $31.75M
Marking its fifth Florida acquisition, Rosemont Realty, LLC has recently purchased the three-building Concourse office complex in Jacksonville. According to Financial News & Daily Record, the company—which specializes in commercial real estate acquisition and asset management—paid $31.75 million for the 288,147-square-foot property.…
Continue reading →Parkway Agrees to Pay $130M for Flagler’s Deerwood Office Portfolio
Continuing its recent buying spree, Orlando-based Parkway Properties is now eyeing a one million-square-foot office portfolio in the Deerwood submarket of Jacksonville, Florida. The company has entered into a purchase and sale agreement to acquire eight office properties from Flagler for $130 million or $128 per square foot.…
Continue reading →FFG Expands Downtown Footprint, Signs 38K Lease in SunTrust Tower
Financial services corporation Foundation Financial Group is pursuing its aggressive development goals by increasing its presence in downtown Jacksonville. According to a recent announcement, the company has recently signed for 38,000 square feet in the SunTrust Tower, which will accommodate about 150 people per floor.…
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