Jacksonville
Nordstrom Adds 35K SF Rack Store to Local Retail Options in Jacksonville
After last year’s announcement that Nordstrom will be opening a 124,000-square-foot, two-level full-line store at St. Johns Town Center, the fashion retailer is now also planning a 35,000-square-foot Nordstrom Rack store at The Markets at Town Center in Jacksonville. The opening date has been set for fall 2013.
Omni Amelia Resort Unveils Outcome of Massive $85M Renovation
Omni Amelia Island Plantation Resort has opened its doors on March 5 to unveil the massive $85 million renovation that consisted of both extensive remodeling work on the entire building and the addition of 155 rooms.
PKY Deerwood Closes on $130M Jacksonville Office Portfolio
Parkway Properties affiliate PKY Deerwood has acquired an eight-building, 1 MSF portfolio in Jacksonville from Flagler for $130 million.
Behringer Harvard Buys 312-Unit M-F Property in Jacksonville
Behringer Harvard has added Wimberly at Deerwood, an apartment community in Jacksonville, to Behringer Harvard Opportunity REIT II Inc.’s portfolio.
NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties
Real estate financial intermediary NorthMarq has recently arranged a combined acquisition financing of $11.1 million two multifamily properties located in Orange Park, Florida. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrowers
GoldOller Grabs 555-Unit Jacksonville M-F for $56M
GoldOller Real Estate Investments continues to enhance its portfolio of high-quality multi-family assets in secondary and tertiary markets with the acquisition of Country Club Lakes Apartments in 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.