{"id":1004142790,"date":"2016-04-27T01:47:35","date_gmt":"2016-04-27T09:47:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142790"},"modified":"2022-03-04T13:37:04","modified_gmt":"2022-03-04T21:37:04","slug":"marcus-millichap-lists-publix-anchored-jacksonville-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-lists-publix-anchored-jacksonville-retail-center\/","title":{"rendered":"Marcus &amp; Millichap Lists Publix-Anchored Jacksonville Retail Center"},"content":{"rendered":"<p><em>By Robert Demeter<\/em><\/p>\n<div id=\"attachment_1004142797\" style=\"width: 260px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004142797\" data-attachment-id=\"1004142797\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-lists-publix-anchored-jacksonville-retail-center\/capture-24\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg\" data-orig-size=\"1570,896\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Robert Demeter&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1461681824&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Gateway Town Center, Publix Supermarket\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Gateway Town Center, Publix Supermarket&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg?w=1024\" class=\"wp-image-1004142797\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg\" alt=\"Gateway Town Center, Publix Supermarket\" width=\"250\" height=\"143\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg 1570w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg?resize=300,171 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg?resize=768,438 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg?resize=1024,584 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Capture8.jpg?resize=1536,877 1536w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><p id=\"caption-attachment-1004142797\" class=\"wp-caption-text\"><em>Gateway Town Center, Publix Supermarket<\/em><\/p><\/div>\n<p><strong>Jacksonville<\/strong>\u2013<a href=\"https:\/\/www.marcusmillichap.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a> has announced that the company has obtained the exclusive listing for <a href=\"https:\/\/www.gatewaytownctr.com\/index.htm\" rel=\"nofollow noopener\" target=\"_blank\">Gateway Town Center<\/a>, an open-air, Publix-anchored, 578,452-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\" rel=\"noopener\">shopping center<\/a> located in Jacksonville. The property is currently listed for $12 million.<\/p>\n<p>Craig Thomas, a vice president investments in the firm\u2019s Jacksonville office, along with Drew Kristol, Kirk D. Olson and Jonathan Gerszberg, vice presidents investments in Marcus &amp; Millichap\u2019s Miami office, have the exclusive listing to market the property on behalf of the seller.<\/p>\n<p>\u201cThe offering is an opportunity to purchase a Publix-anchored shopping center with a 3.97-acre parcel of vacant land situated behind it,\u201d said Kristol in prepared remarks. \u201cThe center includes a vacant 176,000-square-foot enclosed mall that can be sold off separately or redeveloped.\u201d<\/p>\n<p>The open-air Gateway Town Center was built in 1967 and renovated in 2005, and serves Jacksonville\u2019s Northside community. In addition to the Publix Supermarket, tenants at the shopping center include Footlocker, Firestone, Wells Fargo and Family Dollar among others.<\/p>\n<p>The property is located on more than 53 acres at 5238 Norwood Ave. with almost 1,000 feet of frontage on Interstate 95. It is accessible from two exits on 95, Golfair Boulevard and Norwood Avenue.<\/p>\n<p>\u201cInvestors are looking for value-add retail opportunities in densely populated corridors within the <a href=\"https:\/\/www.commercialsearch.com\/news\/jacksonville\/\" target=\"_blank\" rel=\"noopener\">Jacksonville MSA<\/a>. Gateway Town Center is the only major-retailer-anchored retail destination within this mature suburban market,\u201d added Thomas.<\/p>\n<p><em>Image via Google Maps.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Publix-anchored Gateway Town Center in Jacksonville\u2019s Northside sub-market for sale for $12 million.<\/p>\n","protected":false},"author":59,"featured_media":1004142797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1591,21742,21749],"tags":[],"class_list":["post-1004142790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jacksonville","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Marcus &amp; 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