October 30, 2020
Commercial development outlook: The pandemic aftermath
Jacksonville’s industrial, office and retail markets are adjusting to the effects of the COVID-19 pandemic that led to shutdowns, capacity restrictions and other effects. Here is what Avison Young, CBRE, Colliers International, Cushman & Wakefield, JLL and NAI Hallmark are reporting about the market as of the 2020 third quarter, which ended Sept. 30.
October 29, 2020
Two Fleming Island medical plazas sold for $6.75 million
NAI Hallmark announced Oct. 29 it brokered the $6.75 million sale of two Fleming Island medical plazas. Ohio-based Woodside Health bought the properties brokered by NAI Hallmark.
September 21, 2020
NAI Hallmark brokers sale of Century 21 Drive building
“101 Century 21 Drive was purchased by a group of private investors who were attracted to the in-place cash flow, as well as the value-add potential from the remaining vacancy,” Luke Feldman said in the news release.
September 15, 2020
Q&A: Six months after the shutdown, where does CRE stand … and what’s next?
Covid-19 basically shut down commercial real estate soon after it started spreading — and although the industry has returned, it’s not the same as it was. To get a sense of how the sector is shaping as Q4 approaches, the Business Journal reached out to NAI Hallmark Managing Partner Keith Goldfaden.
September 14, 2020
Boston REIT pays about $20.5 million for Southside warehouse
NAI Hallmark brokers the deal for Plymouth Industrial.
September 11, 2020
NAI Hallmark brokers $20M sale of industrial parcel.
A Boston-based real estate investment trust purchased more than 20 acres for over $20 million on Sept. 10, with Jacksonville’s NAI Hallmark brokering the sale.
August 27, 2020
Riverside Village Redevelopment Moving Forward
The historic Riverside neighborhood is growing. Jacksonville City Commission has approved the rezoning of four buildings in the neighborhood for the Riverside Village Redevelopment. NAI Hallmark is the developer on the project
August 21, 2020
NAI Hallmark brokers sale of the Porter House Mansion Downtown
JWB Real Estate Capital, through 510 N Julia LLC, paid $2.605 million for the 1.5-acre block. NAI Hallmark is marketing the Porter House building for lease and will continue to do so, Sifakis said. NAI represented the seller in the sale.
August 18, 2020
Development Notes: Flying W Plastics to Northwest Jacksonville
The city approved a foundation permit Aug. 5 for Flying W Plastics at 109 Stevens St. in Northwest Jacksonville at a cost of $127,150. FWP Real Estate Holdings LLC bought the property, including a 170,000-square-foot building, Feb. 27 for $4.25 million. NAI Hallmark Vice President Jason Purdy represents the developer.
February 18, 2020
Texas company buys Cypress Business Center for $8 million.
The 14.66-acre multitenant office property is at 8301 Cypress Plaza Drive, along the east side of Philips Highway south of Butler Boulevard. It comprises five buildings with 120,682 square feet of rentable space.
February 17, 2020
Baymeadows Business Center sold for $12.45 million.
The 10.57-acre Class B office and industrial property is at 8226 Philips Highway south of Baymeadows Road. It comprises two buildings with 132,102 square feet of rentable space.
February 17, 2020
Miami company acquires Baymeadows Business Center in Jacksonville.
“Given its highly desirable location, diversified mix of credit tenants and an extremely tight industrial leasing environment, we were able to generate a very competitive sales process,” said Keith Goldfaden, managing partner of NAI Hallmark.
January 12, 2020
With mostly highs, and some lows, Jacksonville’s Brooklyn area continues to evolve.
The Riverside Avenue area not that long ago was dilapidated and struggled with failed projects. Now there’ one project on to of another with the success of new apartments, restaurants and shopping.
December 10, 2019
Amazon wants to turn old Kmart into delivery center.
Amazon.com, already with four major centers in Jacksonville, plans to develop a fifth at a closed Kmart along Blanding Boulevard in Westside.
September 5, 2019
Two developers working on plans for former Beach Boulevard Kmart property.
Shopping center with McDonald’s going in the front while plans for Kmart include a John’s Appliance & Bedding store and more.
August 19, 2019
Vacant Unity Plaza retail space along Riverside Avenue in Brooklyn is sold.
Mid-America Apartments LP paid $3.3 million for the 17,053 square feet of space in Brooklyn, near Downtown.
August 1, 2019
More retail, restaurant planned for 5 Points.
The working name of the development is Riverside Village, which is adjacent to Memorial Park, and the sales prospectus capitalizes on that proximity, noting the walkability of the highly trafficked area.
July 20, 2019
Fleming Island Business Park changes ownership.
RLFED Fleming, LLC, acquired the 1845 Town Center Blvd. business park from Interra Sky Fleming Island, LLC, for just under $9.2 million, according to NAI Hallmark, which handled and announced the sale Thursday.
July 15, 2019
Deerwood office building sold for $2.86 Million.
The two-story, 49,338-square-foot building is at 7595 Baymeadows Way and overlooks a lake within the business park.
June 12, 2019
Investment Sales Team Sells Deerwood Center Building for $2.86 Million.
The buyer, Summit Contracting Group, plans to expand into the Deerwood building.
May 22, 2019
Riverside Village planned near Memorial Park.
Retail and restaurants planned for the high-profile curve of Riverside Avenue and Memorial Park Drive.
May 4, 2019
Bankers Life Building Sold for $4,332,500.
RL Platinum 1 LP purchased the Bankers Life Building for $4,332,500. The seller was Acorn Southpoint LLC, led by David E. Gonzales of Acorn Property Holdings LLC. Acorn purchased the 3.92-acre property in 2010 for $1.8 million.