Preferred Growth Properties Expects January Closing on SJTC Site

Preferred Growth Properties, the subsidiary of retail tenant Books-A-Million, expects to close on some 61 acres (45 developable) of land across from St. Johns Town Center where PGP intends to develop for a massive mixed-use project.   Karen Brune Mathis of The JAX Daily Record has the article here.

Preferred Growth’s site is just north of another parcel (63 acres, 30 of which are developable) that Core Property Capital out of Atlanta/Naples has under contract from the same seller (Skinner family) where Core proposes Town Center Exchange another significant mixed-use development with a focus on apartments, a hotel and retail, mostly restaurants. See Karen’s article on that site and development plans here.  Karen has another recent article that includes a site plan rendering of the Town Center Exchange site here.

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 September 19, 2015, in Commercial, Development, JAX Daily Record, Land, Transactions and tagged , , , , . Bookmark the permalink. Leave a comment.

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