JACKSONVILLE, FL., – October 11, 2021 – NAI Hallmark, a leading commercial real estate brokerage and property management firm in Jacksonville, announces the sale of Shoppes of Regal retail center located at 14054 Beach Boulevard in Jacksonville, Florida 32250 (the “Property”). NAI Hallmark Senior Associate Eric Yi brokered the transaction on behalf of the seller, Regal Plaza LLC, and the buyer, TSG Realty. The transaction closed for $4,100,000. NAI Hallmark will retain leasing services for the Property on behalf of TSG Realty.
The Shoppes of Regal retail center is located on Beach Boulevard midway between Hodges Boulevard and San Pablo Road, and across from Regal Cinema. The Property is positioned in a prime corner location featuring two ingress and egress access points. The Shoppes of Regal boasts a diverse tenant mix, with retailers About Floors n’ More, Metro by T-Mobile, Pretty Pink Nails, and Jacksonville Smile Center.
“Shoppes of Regal is a well-positioned value add opportunity in the Intracoastal West submarket of Jacksonville. With direct access and visibility on Beach Boulevard, the Property experiences strong daily traffic counts of 37,500 cars per day. The immediate area is home to various major retailers, including Target, Walmart, Bealls, Chic-fil-A, and many more. With Jacksonville’s continued population and job growth driving retail demand, I expect continued interest for similar positioned assets,” said Senior Associate Eric Yi of NAI Hallmark.
For more information regarding the sale of the Shoppes of Regal retail center, or any questions relating to retail sales assets, please contact Eric Yi at ey@naihallmark.com.
