Jacksonville
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.
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.
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.
Elco Landmark Buys Multifamily Assets Totaling $100M from Equity Residential
Consistent with its strategy of acquiring apartment communities in quality locations throughout the Southeast, Elco Landmark Residential has recently closed on the acquisition of four multifamily properties in two separate transactions with Equity Residential for a combined price of approximately $100 million.
364-Acre Ranch Retreat Sells at Auction
Anabelle Island, a 364-acre private ranch estate located 30 minutes south of Jacksonville, recently changed hands at an auction.
DeBartolo, Liberty Group JV Buys Jacksonville’s Holiday Inn Express
DeBartolo Development L.L.C., in a joint venture with Liberty Group as operating partner, has acquired the Holiday Inn Express and Suites Jacksonville-Blount Island.
MAA Joins Hallmark, Bristol on Development of $37M Mixed-Use Project
Less than a week before groundbreaking, a major multifamily player is added to the construction team of the newest residential and retail project in the Brooklyn area of downtown Jacksonville.
LandSouth Starts Work on New $21M Apartment Community in Jacksonville
LandSouth Construction will be bringing new housing options to Jacksonville residents. The company has officially started work on a $21 million community at the southwest corner of J. Turner Boulevard and Southside Boulevard.
Dalfen America Makes Opportunistic Investment in 240,000-Sq.-Ft. Distribution Center
Dalfen America Corp. recently acquired a 240,000-square-foot, Class A distribution center on Jacksonville’s Northside.
Prudential Mortgage Provides $10.5M Loan for Palatine Acquisition
Prudential Mortgage Capital Co. has originated a $10.5 million Fannie Mae loan for an affiliate of Palatine Capital Partners Management LLC to finance its purchase of The Villas at Dames Point Crossing apartment community.