Matt Entriken and Robert W. Selton of Colliers International represented the buyers in the transaction
Five Points Plaza on Amelia Island is anchored by Dollar Tree and features Beach Diner and Coldstone Creamery.
Fernandina Beach’s Five Points Plaza has new ownership following its purchase for about $5.4 million, according to Colliers International Northeast Florida, who facilitated the sale.
The shopping center features 31,800 square feet of retail space across three buildings at Eighth Street and Sadler Road.
Matt Entriken and Robert W. Selton represented the seller, T.J. of Nassau Inc., and Skinner Bros. Realty Co. represented the undisclosed buyers.
Colliers International said it was contracted to oversee leasing at the center in 2014, while Entriken and Selton implemented a strategy to stabilize the tenant mix and fill the vacant spaces. That included a lease for Beach Diner in a building previously occupied by Applebee’s.
“Five Points Plaza has experienced a renaissance in recent years,” Entriken said. “After losing its anchor tenant in 2014, we proactively worked with the center’s owner to attract and retain a balanced portfolio of local and national tenants to stabilize the asset and ensure the center’s viability. Being located at the ‘Main & Main’ intersection of Amelia Island, the center should continue to thrive for years to come.”
Colliers will retain leasing oversight for the property under the new ownership. The center currently has two spaces available.
Source | jacksonville.com