NAI Hallmark announces the sale of the former Quality Foods Grocery Big Box for $2,375,000. The property is located at 27 7th Street East in Jacksonville, Florida 32206 (the “Property”). NAI Hallmark Senior Associate Eric Yi and Vice President Austin Kay brokered the transaction on behalf of the seller, TSG Realty. The buyer was Urban Capital Realty, LLC.
The former Quality Foods Grocery Big Box is located at the corner of Hubbard Street and East 8th Street in the main commercial block of the flourishing Springfield Historic District. The Property consists of a 65,879 square foot big box situated on 2.77 acres and an additional 0.30-acre parcel.
“This property presents itself as a great redevelopment opportunity as it sits in the heart of historic Springfield, adjacent to the main drag of shops, restaurants, breweries, etc. on Main St. As the market continues to grow, opportunities for big blocks of space like this are becoming limited. I expect investors and developers to continue seeking out properties for creative projects that fit the fabric of the neighborhood,” said Senior Associate Eric Yi of NAI Hallmark.
For more information regarding the sale of the former Quality Foods Grocery big box or any questions relating to retail sales assets, please contact Eric Yi at ey@naihallmark.com or Austin Kay at ak@naihallmark.com.
