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Nocatee Town Center Phase 1 sold for $15.6M on May 13

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Bob Selton and Jason Ryals of Colliers International represented Last Mile

Skinner Bros. Realty says it sold five multitenant retail buildings in the Nocatee Town Center on May 13 for $15.6 million.

The structures comprise about 40,000 square feet and are fully leased to 15 tenants.

Last Mile Investments of Cincinnati, Ohio, bought the property.

Bob Selton and Jason Ryals of Colliers represented Last Mile, which is a subsidiary of North American Properties.

Jacksonville-based Skinner Bros. Realty started the development in 2015 and completed the fifth building of Phase 1 in the fourth quarter of 2019.

“While the ownership has been transferred, Skinner Bros. Realty will continue to represent Last Mile Investments as Property Manager for all five buildings,” said Riley Skinner, vice president of Skinner Bros. Realty, in a news release.

“In addition to our property management role, we continue to be involved in the development and growth of the Nocatee Town Center.” 

Ryan Moore, CEO of Last Mile Investments, called Nocatee “a world-class community” in the release.

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Robert Selton

Executive Vice President

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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Jason Ryals

Senior Vice President

Jacksonville

Jason has over 16 years of experience in commercial real estate in Northeast Florida. He has completed over $400,000,000 in transactions in his career. His brokerage activities are focused on Tenant representation and expansion for National and Regional restaurant and retail chains, outparcel marketing and asset disposition.

Jason has extensive knowledge of the North Florida market, along with strong relationships with the dominant landlords and development companies in the region

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