Various Development Updates, Permits and Transactions

Roger Bull of The Florida Times-Union reports on a number of developments and a few transactions in and around JAX and NE FL.

  • Wal-Mart Neighborhood Market to open in August at San Pablo Blvd. and Atlantic Blvd. in the former Food Lion space.
  • Maple Street Biscuit Co. has signed on for a sixth lease in Tallahassee.
  • The Cowford Chophouse in the old Bostwick Building downtown is progressing, on paper.
  • Wawa is planning some 25 more c-stores in FL but non planned for NE FL as they focus on Central FL, SW FL and Daytona areas for the near term.
  • PWC is building out their new space at SunTrust Tower at a cost of a whopping $72/SF.
  • Baptist Health paid $28/SF or $2.145M for a 1.76-acre site next to the Gate c-store at Town Center Pkwy and I-295, where they plan a free-standing emergency center to open in 2016.
  • J Realty paid $2.035M for the Walgreens at 7512 Lem Turner Rd.  That’s a mid-6’s cap on a reduced rent the seller recently negotiated with Walgreens for an extension.
  • DR Horton paid $76k/lot or $1.134M for 15 lots in Paradise Lakes.
  • L&L Pirton Inc of New York paid $2.252M for the Wendys at 15236 Max Leggett Pkwy at the airport exit off I-95.
  • Agree Realty paid $1.61M for the Jiffy Lube at 1672 Third St S in JAX Beach.
  • Kwik Way paid $2.262M for the c-store/gas station at 116 Oakleaf VIllage Pkwy.

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 March 28, 2015, in Commercial, Development, The Florida Times-Union, Transactions and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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