Local Retail Developer Expands into Office Sector
Local retail owner/developer Ben Hakimian of Hakimain Holdings recently acquired a class-A office building along Butler Boulevard in the Southside submarket for $11.4M. The seller was Greenfield Partners, who purchased the building themselves in 2013 as part of a large portfolio sold by Liberty Property Trust. The building is called Liberty Center, and is 6-stories totaling just over 114k SF; it was 87% occupied at the time of the sale.
Mr. Hakimian is well known for his multitenant retail portfolio, making this recent office purchase a surprise to many people.
Posted on February 15, 2016, in JAX Daily Record, Office, transaction, Transactions, Uncategorized and tagged Ben Hakimian, Greenfield Partners, Hakimian Holdings, Liberty Center, Liberty Property Trust. Bookmark the permalink. Leave a comment.