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Five Points Plaza in Fernandina Beach, Fla. sells for $5.4 million

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.

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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.

 Read more about this transaction here.

 Source | jacksonville.com


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Matt Entriken

Executive Director

Jacksonville

Matt has over 15 years of experience in commercial real estate in Northeast Florida. He has completed sales and leases totaling more than $400 million in the disciplines of retail, industrial, office and land. 

His brokerage activities are focused on site selection for national/regional retailers and asset acquisition, disposition and leasing with an emphasis on retail and office properties.

 

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Robert Selton

Senior Executive Director

Jacksonville

Raised in a “real estate family” in Amelia Island, Florida, Robert W. Selton, III, graduated from Rollins College and shortly after began his promising Commercial Real Estate career. 

Early in his career, Bob acquired mentors in the industry who have helped him to become an effective contributor in the market. In his days at Colliers Dickinson (to be later named Colliers International), Bob positioned himself as an eager dealmaker ready to connect with his customers and guide them to achieve their desired results. 

Now, as a seasoned Commercial Real Estate Influencer, Bob has earned more than 46 industry awards and recognitions of achievement for his professionalism and tenacity in the market. Mr. Selton has consistently remained a top producer in Northeast Florida completing over 1,550 transactions in excess of $1.45  billion. Bob is currently one of the Top 10 Investment brokers in Colliers International. 

By focusing on his clients’ expectations, Bob provides the best solutions to achieve their individual goals and provide a big picture understanding of the market.

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