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Edgewood Avenue Shopping Center Purchase

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Hong represented the buyer in the recent transaction of the Edgewood Avenue Shopping Center

Colliers North Florida and Karen Hong, Director of Retail Services, announce the purchase of Edgewood Avenue Shopping Center.

Hong represented the buyer in the recent transaction of the Edgewood Avenue Shopping Center.  Her client, Edgewood Grande, LLC, purchased Edgewood Avenue Shopping Center at 3118 Edgewood Ave. W. for $2.15 million.

“I’m very excited for the possibilities at Edgewood Avenue Shopping Center,” Hong said. The new ownership has already begun plans for façade improvement. Hong will also take lead in leasing the center's available spaces.

Tom Garvin of Buffalo Land Company LLC was represented by NAI Hallmark in the sale of this retail center. The property last sold in 2009 for $1.175 million. The center comprises a 61,085-square-foot of retail on 6.25 acres of land at Edgewood Avenue and Vernon Road.

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Karen Hong

Director

Jacksonville

AREA OF EXPERTISE

Specializing in third-party leasing for retail and site selection for regional and national tenants pursuing the Orlando, Miami, Tampa, and Jacksonville markets. I have worked with Top National Tenants such as Bento Café, Hungry Howie's Pizza, Bojangles, and Boost Mobile. I also focus on commercial retail investment sales within those Florida markets.

To date, I have overseen total sales transactions of over $20,000,000 and have leased over 140,00 square feet.

BUSINESS BACKGROUND

Having owned and operated many restaurant businesses, I often focus on restaurant sales. Bringing knowledge and the ability to speak fluent Mandarin Chinese gives me the capability to work with tenants spanning multiple industries and help them negotiate leases and prepare for acquisitions.

 

 

 

 

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