Flagler Center Suburban Office Park Sold For $133.2M or about $95/SF

Flagler Center, the 12-building, 1.4MSF office park on Jax’ Southside, sold to a JV of Boac Raton-based Crocker Partners and Investcorp, a New York-based investment manager.  The reported sale price was $133.2M or about $95/SF, according Catherine Byerly of the Jacksonville Business JournalKaren Brune Mathis further reports the portfolio was about 81% occupied and contained about 601k SF of Class A office space, 400k of 2-story office space, and 358k SF of single story industrial and flex space.

 

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on August 20, 2014, in Office, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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