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.

Karen Mathis with the Daily Record covered the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on February 15, 2016, in JAX Daily Record, Office, transaction, Transactions, Uncategorized and tagged , , , , . Bookmark the permalink. Leave a comment.

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