Jacksonville
Liberty Sells Office, Industrial, Flex Properties Across States
Liberty Property Trust announced it has entered into an agreement to sell 97 properties totaling 6.6 million square feet of space and 159 acres of land for approximately $705 million. The deal includes the company’s Jacksonville holdings, a portfolio of 32 properties that total more than 2.1 million square feet.
Fuqua and Regency Plans Shopping Center on $3M Site it Purchased
Fuqua Development and Regency Centers Corp. acquired a downtown plot of about two acres from Pope & Land Enterprise Inc. of Atlanta for $3.085 million. The former landlord acquired the Brooklyn site located at the intersection of Riverside Avenue and Jackson Street from a bank in late 2011. The partnership’s intention is to establish a grocer-anchored shopping center on the yet empty parcel.
San Marco Neighbors Welcome $50M Publix Mixed-Use Development
Last Thursday San Marco residents met with developers Whitehall Realty LP, Regency Centers Corp. and St. Joe Co. in a town hall meeting where updated plans for the East San Marco Publix development were presented to the public.
Jacksonville Landing Redevelopment Plan Includes Adding Residential Units
Toney Sleiman, president and CEO of Sleiman Enterprises, which owns the Landing, stated that he plans to add residential units as the ownership considers renovating the facility. They are already making small steps toward the goal, first of all studying the property and determining a viable number of units and unit with the help of a consultant. They also ordered a parking study and informed that results should be available this month, according to the Jax Daily Record.
JU Starts Work on New $8M College of Health Sciences Building
As part of Jacksonville University’s $85 million ASPIRE campaign, work will soon start on the College of Health Sciences’ new building, meant to address the growing need of JU’s health sciences programs.
Microsoft to Create its First Retail Store in St. Johns Town Center in Jacksonville
Rumors that Microsoft will build its first Jacksonville-area retail store have just been confirmed.
Liberty Property Trust Obtains LEED Certification for Property in Jacksonville
Liberty Property Trust has proudly announced that its 7259 Salisbury Road building has earned LEED certification from the U.S. Green Building Council (USGBC) under the New Construction™ rating system.
Centerline Funds $6.7M Fannie Mae Loan for Jacksonville M-F Property
The 136-unit Pinewood Pointe Apartments has recently been refinanced by a $6.75 million Fannie Mae fixed-rate, affordable loan provided by Centerline Capital Group—a subsidiary of Centerline Holding Company.
Public-Private Partnership to Add ‘Central Park’ to Brooklyn, Jacksonville Development
A public-private partnership is looking to bring a signature park to historic Brooklyn and to increase the quality of life for residents of the city; Mayor Alvin Brown and Jen Jones—executive director of Jacksonville Unity Plaza Inc.—accepted the deed to the premiere ‘central park’ for Jacksonville at the construction site of 220 Riverside, a mixed-use development aiming to revive Brooklyn.
Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center
Since the Jacksonville Business Journal first reported that a mystery firm is looking to develop a one million-square-foot distribution/warehouse center to the St. Johns Water Management District, this has been the talk of the entire local commercial real estate community.