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Durbin Creek Crossing secures national tenants for the new St. Johns County mixed-use development

Colliers International's Nancy Sumner and Katy Figg will serve as leasing advisors.

Ponte Vedra Beach-based developer The Ferber Co. has started signing up tenants for Durbin Creek Crossing, a 70-acre mixed-use development in St. Johns County.

The property is located along Race Track Road and the State Road 9B interchange near Pavilion at Durbin Park.

The community will encompass up to 400 multifamily units and up to 250,000 square feet of retail space spread between 10 outparcels. Site plans also show a 6.5-acre pond and 22 acres of wetlands.

The retailers that have already signed include Aldi, ABC Fine Wine & Spirits, First Florida Credit Union and Tire Kingdom.

Ferber Screenshot

"Once ALDI locked-in, our leasing momentum attracted additional outparcel concepts that together with the multi-family community are creating an attractive mixed-use project for the northwest sector of St Johns County," Ferber Vice President Tom Mundy said in a statement. "Negotiations are underway with other national retailers, and we’re hoping to name additional tenants soon.”

The company expects to lease remaining space for quick service, fast casual or sit-down restaurants as well as medical offices. Colliers International's Nancy Sumner and Katy Figg will serve as leasing advisors.

Ferber expects to announce a residential partner in the next few months.

Read more about development plans here.

Source | Jacksonville Business Journal


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Nancy Sumner

Senior Director

Jacksonville

I most recently served as a North Florida market Partner and Senior Leasing Advisor for The Shopping Center Group, where I  managed 40 properties totaling more than 7.5 million square feet of retail space.  I have  over 12 years’ experience in landlord representation and lease negotiations in retail services to grow Colliers International
Northeast Florida’s landlord services. I specialize in neighborhood shopping centers, ground-up, mix-use retail, grocery-anchored and redevelopment projects through a meticulous understanding of the surrounding trade areas giving landlords analysis of the voids within the submarket to attract new retailers.


 

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Katy Figg

Senior Director

Jacksonville

Sumner-Figg Team

Katy Figg and Nancy Sumner, Senior Directors of Colliers Northeast Florida, are consistent in providing real results for their clients with their dynamic approach to Landlord representation. Katy and Nancy are the sole retail brokerage team in the region exclusively dedicated to Landlord leasing, supported by a multi-faceted international firm that offers a range of services to benefit their diverse portfolio.

The team’s concentration in this niche provides their clients with invaluable resources and unparalleled expertise.  Their experience extends to engaging across all phases of ground-up, mixed-use retail, and redevelopment projects. Katy and Nancy’s portfolio of 2.5 million square feet consists of grocery anchored and power centers, boutique retail, and mixed use developments. The team has a comprehensive approach to marketing a project, including an in-depth understanding of the trade area and competition, creating a an intentional merchandising plan to deliver the highest and best uses that incentivize cross- shopping between retailers, and developing strategic target list using void analysis, retail marketplace profiles, along with several other Colliers resources.

Katy and Nancy continue to grow their revenue along with their portfolio year over year; in 2021 the team closed 56 deals with a transaction total of over $31m, with over 113,000 square feet leased and over 212 acres sold. Both Nancy and Katy have been active members of ICSC for over 15 years, are consistently named Costar Power Brokers, and have provided their expertise in a number of media articles focused on commercial real estate in North Florida. 


 

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