Press Releases

Jacksonville Press Releases

  • September 9, 2015 – CoStar - Crazy Horse Saloon Inks Deal for New Location on Beach Blvd.

    Crazy Horse Saloon will open a new location in Jacksonville after agreeing to lease 35,773 square feet within the Countryside Village Shopping Center...

  • September 8, 2015 – CoStar – Gresham Smith and Partners Signs 10,734-SF Deal

    Gresham Smith and Partners signed a 10,734-square-foot lease to fully occupy the top floor at One Enterprise Center in Jacksonville, FL...

  • August 14, 2015 – CoStar – Ace Leases 13,264 SF in Jacksonville

    Ace signed a lease for 13,264 square feet at the Beauclerc Village shopping center in Jacksonville, FL.

  • August 25, 2015 – CoStar - The Urbana Sells for $3.6M

    An individual investor acquired The Urbana at 311 3rd St. N in Jacksonville Beach for $3.64 million, or approximately $220 per square foot.

  • August 7, 2015 – CoStar - IHOP Location Sells in Jacksonville

    Levites Realty Co. sold the IHOP Restaurant at 9010 Atlantic Blvd. in Jacksonville in a sale leaseback for $2.76 million, or about $518 per square foot.

  • JBJ – Jacksonville's real estate doing well, thanks to foreign and repeat buyers, study finds

    Jacksonville's investment real estate market — warehouses, apartment complexes, multifamily homes , hotels and office spaces — is seeing a doubling down from investors, with many buying into several opportunities, according to a mid-year Northeast Florida market assessment from Colliers International.

  • CoStar – Executive Center in Jacksonville Sells for $6.3 Million

    Bayway Investors Group finalized the sale of Executive Center of Deerwood in Jacksonville to a South Florida-based investor for $6.3 million, or about $56 per square foot.

  • JBJ - Elkins Constructors’ Downtown building up for lease or sale, new company moves to Southside

    Barry Allred, chairman and CEO of Elkins Constructors Inc., has put the Elkins building at 701 W. Adams St. up for lease or sale in a move that signals the end of that major general contractor that was founded in Jacksonville in 1955. The building has 30,780 square feet of rentable area and city property records show the property’s market and assessed value as $3.76 million. Robert Selton, president and CEO of Colliers International Northeast Florida, is handling the listing, Allred said.

  • August 4, 2015 – JBJ - Popular Beaches retail center sells for $3.6 million

    The Jacksonville Beach retail center that includes popular tenants like World of Beer and Blind Rabbit has been sold to a New York buyer. The Urbana Retail Sho ps on North Third Street were sold for $3.6 million by RREF SNV III-FL ULBB LLC of Florida to Darobara Milford LLC.

  • Colliers International Northeast Florida closes $9.4 million land sale – October 2014

    Atlantic Beach, FL-based Amvestar Capital acquired a single-story high vacancy industrial property at 13911 Atlantic Blvd. in Jacksonville, FL for $9.4 million, or about $92 per square foot. The new owner plans to convert the site to multifamily

  • N.J. developer plans high-rises for Intracoastal, Beaches

    A New Jersey developer has added a third multifamily high-rise to its list of planned waterfront projects with the purchase of industrial property at Atlantic Boulevard and the Intracoastal. KABR Group of Ridgefield, N.J., bought the Bellinger Shipyards, a 43.8-acre parcel on the north side of the Atlantic Boulevard bridge, last week for $9.4 million. The property is entitled for 590 multifamily units, 60,000 square feet of office/retail and a marina with 400 dry dock spaces and 250 wet slips.

  • N.J. developer plans high-rises for Intracoastal, Beaches

    A New Jersey developer has added a third multifamily high-rise to its list of planned waterfront projects with the purchase of industrial property at Atlantic Boulevard and the Intracoastal. KABR Group of Ridgefield, N.J., bought the Bellinger Shipyards, a 43.8-acre parcel on the north side of the Atlantic Boulevard bridge, last week for $9.4 million.

  • Land sales heat up in Nocatee's Twenty Mile Village

    Sales activity continues to rise in Nocatee, with developers picking up a substantial number of home lots this month in the master-planned community’s newest neighborhood, Twenty Mile Village. Through Hydry Co., the Davis family, which owns much of the undeveloped land in Nocatee, sold 41 home lots in Twenty Mile Village to David Weekley Homes for $2.98 million; 40 lots to Providence Homes for $2.93 million; 22 lots to Standard Pacific of Florida for $2.78 million; and 39 lots to Mattamy for $2.57 million, according to county records.

  • Summit Contracting buys former FPIC headquarters in Riverside for $3 million -Oct 9, 2014

    It may sound cliché to say that Riverside is one of the hottest locations in Jacksonville, but even the average buyer will notice a development boom is on the rise in the neighborhood. The most recent development came Monday, when Summit Contracting Group Inc. obtained the former FPIC Insurance Group headquarters in Riverside for $3 million.

  • Waterfront condo development planned for abandoned industrial space that sold for $9.4 million

    A group affiliated with a long-time Jacksonville developer plans to turn the former Bellinger Shipyards property near the Intracoastal into a 590-unit condo development complete with marina.

  • Northeast Jacksonville Industrial Facility Trades for $11.8 Million

    Wespac Midstream closed on the former drywall manufacturing plant at 9225 Dames Point Rd. in northeast Jacksonville, FL for $11.75 million, or approximately $40 per square foot. The Irvine, CA-based energy company intends to construct a liquid natural gas (LNG) manufacturing plant on the 36-acre site. The 293,559-square-foot industrial waterfront property was completed in 1964 at the base of the Dames Point Bridge adjacent to JAXPORT Dames Point Marine Terminal, where construction on a $30 million Intermodal Container Transfer Facility (ICTF) is currently underway. The construction involves the rerouting and new construction of Dames Point Rd., which will subsequently allow access to 9225 Dames, the Dames Point Marine Terminal and I-295. The U.S. Department of Transportation awarded JAXPORT with a $10 million grant toward the facility's development, while the State of Florida Department of Transportation covered the remaining $20 million. Hobart Joost of Colliers International Northeast Florida, in collaboration with Brian Sapp of Fischer & Co., negotiated the sale on behalf of CertainTeed Gypsum and Ceiling Manufacturing.

  • With another apartment boom coming, Colliers launches multifamily group in Jacksonville (Exclusive)

    Colliers International Northeast Florida is launching a multifamily services group, anticipating that more apartment communities will be sold in the coming year.

  • Colliers International brokers team up on complicated sale of Downtown Wyndham

    Colliers International brokers in Jacksonville and South Florida will team up on the sale of the Wyndham Jacksonville RiverWalk, which is being sold separately from the riverfront land and parking surrounding the hotel.

  • Fanatics Inc. expanding Southside Jacksonville call center, Guy Preston

    Fanatics Inc. is more than doubling the size of its call center on Jacksonville’s Southside. The company received a city building permit April 30 for a 21,500-square-foot expansion at 6800 Southpoint Parkway. Williams & Rowe Inc. is the contractor on the $600,000 project. Fanatics’ tenant representative, Guy Preston, a vice president with Colliers International of Northeast Florida, said the company in mid-April signed a lease for 31,500 square feet in that building, where it was previously leasing around 20,000 square feet

  • Lists: Patience, keeping up, finding partners, seeking peace

    “You have to be savvy enough to keep up with technology but smart enough to maintain your personal relationships. Finding that balance seems to be one of our largest obstacles as a commercial real estate provider.”

  • ‘Think like a man but act like a lady’

    Fran Pepis has risen to the top of commercial real estate, a male-dominated field from every aspect, from brokerage to engineering to construction. “My motto’s always been, ‘Think like a man but act like a lady,’ ” said Pepis, 64. “And I think that’s gotten me through my whole career.”

  • Jacksonville's Southbank hotel site sale brims with potential

    Colliers International brokers in Jacksonville and South Florida are marketing the Wyndham RiverWalk Jacksonville and it surrounding riverfront land and parking. The 322-room hotel is owned by the lender that foreclosed on it, and the surrounding 10 acres is owned by a South Florida group, led by attorney Steve Pardo, that took four different mortgages on the property — and then only defaulted on the hotel.

  • Colliers completes a 47,500 SF Industrial Lease on the Westside

    The California-based distributor of award and trophy products will occupy the entire building at 2908 W. Beaver St., said Mark Scott, senior director of the industrial group/supply chain solutions at Graham & Company LLC. Scott represented the landlord, Easton Sanderson & Co. of Jacksonville. Bart Hinson, a senior associate at Colliers International Northeast Florida, represented PDU. He said it took about six weeks for the company to decide on a space in Jacksonville.

  • Deals Likely Pending on 12 Vacant Food Lion Stores

    Jason Ryals, a principal with Colliers International Northeast Florida, is marketing the former Food Lion properties. His marketing materials includes only 8 of the Northeast Florida stores — meaning deals are likely pending on the remaining twelve stores.

  • Colliers moving out of Wells Fargo Center

    Colliers International | Northeast Florida, a commercial real estate brokerage, is moving its offices out of the Wells Fargo Center and into the Bank of America Tower.

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Kimberly Norman
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