JACKSONVILLE, FL., – November 30, 2021 – NAI Hallmark, a leading commercial real estate brokerage and property management firm in Jacksonville, announces the sale of 300 West Adams Street, Jacksonville, FL (the “Property”). NAI Hallmark Managing Partner Keith Goldfaden and Senior Vice President Daniel Burkhardt, SIOR, CCIM, MSRE, represented the seller, Hildebrandt Owner, LLC. The buyer, Urban Investments Group, purchased the Property for $2,550,000.
300 West Adams Street, located within walking distance to the County and Federal Courthouses and City Hall, is a six story, multi-tenant historic office building containing ±34,781 square feet built in 1927.
“The resurgence of Downtown Jacksonville continues to gain momentum, as evident by the strong buyer demand we had for this Property.” said Daniel Burkhardt, Senior Vice President of NAI Hallmark. “We look forward to seeing the completion of the exciting improvements Urban Investments Group has planned for the Property, which will attract new tenancy to 300 West Adams and continue to improve the submarket.”
Dror Zanani, manager of Urban Investments Group, stated, “We’re planning on giving the building a major interior facelift with a $1 million budget. We also intend to develop and convert the parking lot adjacent to the building into a residential tower. With Downtown Jacksonville growing and evolving, it’s the perfect time to revitalize 300 West Adams Street.”
NAI Hallmark’s Patrick Thornton and Patrick Carney will be retained by the new owner as the leasing agents and NAI Hallmark will continue to handle the property management.
For more information regarding the sale of 300 West Adams Street in Jacksonville, Florida, or any questions relating to investment sales, please get in touch with NAI Hallmark at +1 904 363 9002.
