{"id":1004384411,"date":"2020-01-22T09:10:46","date_gmt":"2020-01-22T17:10:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004384411"},"modified":"2020-01-22T09:10:46","modified_gmt":"2020-01-22T17:10:46","slug":"blue-way-developers-sells-jacksonville-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blue-way-developers-sells-jacksonville-office-portfolio\/","title":{"rendered":"Blue Way Developers Sells Jacksonville Office Portfolio"},"content":{"rendered":"
\"JAX<\/a>

JAX Offices<\/p><\/div>\n

Blue Way Developers has sold the JAX Offices, a three-building, 140,002-square-foot office portfolio in Jacksonville, Fla., for $24 million. JLL represented the seller and procured the buyer in the deal. According to Yardi Matrix data, two of the three assets previously traded in 2013, also in a portfolio sale financed with a $6 million loan from CenterState Bank.<\/p>\n

The portfolio encompasses Buildings 200, 400 and 700 within the JAX Offices Business Park, a seven-building property in the Mandarin submarket. Built in 2002, 2004 and 2008, respectively, the Class B assets were 93.4 percent occupied at the time of sale, with medical and healthcare companies forming a third of the tenant roster.<\/p>\n

Located at 12776 San Jose Blvd., some 22 miles south of downtown Jacksonville, the 7.2-acre property provides easy access to Interstate 295. The immediate area holds numerous shops and restaurants, with The Shops at Julington Creek across the road.<\/p>\n

JLL Senior Director Robbie McEwan led the Capital Markets team assisting the seller in the disposition. McEwan was also instrumental in the recent $50.4 million sale of a two-building, 245,111-square-foot office portfolio<\/a> in Orlando, Fla.<\/p>\n","protected":false},"excerpt":{"rendered":"

The three-building, 140,002-square-foot asset in the Mandarin submarket traded for $24 million.<\/p>\n","protected":false},"author":870,"featured_media":1004384435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1591,21742,21747],"tags":[48506,39003,32796],"class_list":["post-1004384411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-jacksonville","category-latest","category-office","tag-blue-way-developers","tag-centerstate-bank","tag-jll"],"acf":[],"yoast_head":"\nBlue Way Developers Sells Jacksonville Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blue-way-developers-sells-jacksonville-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Way Developers Sells Jacksonville Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"The three-building, 140,002-square-foot asset in the Mandarin submarket traded for $24 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blue-way-developers-sells-jacksonville-office-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-22T17:10:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Building-700-e1579692831519.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blue-way-developers-sells-jacksonville-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blue-way-developers-sells-jacksonville-office-portfolio\/\",\"name\":\"Blue Way Developers Sells Jacksonville Office Portfolio - 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