Jacksonville

About Jacksonville

This author has not yet filled in any details.
So far Jacksonville has created 43 blog entries.

Cushman & Wakefield Retained to Sell Three Office/Retail Properties in Jacksonville

Two Former Bank Branches and a Former Child Care Facility are Ideal Properties for Owner-User Buyers JACKSONVILLE, FL, June 14, 2018 – Cushman & Wakefield has been selected as the exclusive agent for two former bank branches as well as a former child care facility in Jacksonville. Senior Director Traci Jenks is marketing the two bank properties for sale or lease on behalf of 121 Financial Credit Union. The bank properties are: 9700 Touchton Road – a 28,644-square-foot property with full-service banking capabilities on the first floor and multi-purpose office space on the second floor. The property has ample parking, as well as four drive-up lanes and an ATM. It is situated on 2.82 acres, with potential for a 4,000-square-foot expansion. Centrally located between downtown Jacksonville, the beaches and St. John’s County, the property has great visibility along Touchton Road and is convenient to several major roads and interstates, as [...]

By |2018-06-15T11:32:28-04:00June 14th, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates Top-Floor Lease for KBJ Architects at Bank of America Tower in Jacksonville

Senior Director Traci Jenks Also Represented KBJ in Sale of Its Former Office JACKSONVILLE, FL, May 17, 2018 – Cushman & Wakefield has negotiated a 13,000-square-foot, top-floor lease for KBJ Architects at Bank of America Tower. At 42 stories, the property is Jacksonville’s tallest building. Cushman & Wakefield Senior Director Traci Jenks represented Jacksonville-based KBJ Architects in the lease. The landlord is Hertz Investments. Jenks also represented KBJ in the sale of its former office at 510 N. Julia St., a historic property known as the Porter House Mansion. KBJ had occupied the entire 16,000-square-foot building since 1984. It sold in December to a Missouri-based real estate investor. Founded in 1946, KBJ is an architectural and interior design firm that does work around the world. Locally, KBJ’s designs include 27 downtown Jacksonville projects, such as the Duval County Courthouse, CSX Corp. headquarters and First Baptist Church of Jacksonville. [...]

By |2018-06-04T09:15:16-04:00May 17th, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Secures 8,084 SF Lease for Office Evolution in Jacksonville

Nationally Expanding Co-Working Franchise Plans to Open Five Locations in the Market Over the Next Several Years JACKSONVILLE, FL, February 28, 2018 – Cushman & Wakefield has negotiated an 8,084-square-foot suburban office lease for Office Evolution, a rapidly-growing B2B franchise offering co-working space, private office space, virtual offices and business services, at Jacksonville’s JTB Center. The company has plans to open five locations in the Jacksonville market over the next several years. In addition to Jacksonville, Office Evolution has several locations planned for the Tampa Bay market, the first of which is expected to open in February. Senior Associate David Hillegas Cushman & Wakefield’s David Hillegas, Senior Associate, represented Office Evolution in the lease. Victor Hughes with Touchton Property Partners represented the landlord, JTB Center, LLC. The JTB Center office, at 5011 Gate Parkway, Building 100, is currently being built out and will feature 30 private offices, a [...]

By |2018-05-07T10:15:17-04:00March 28th, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates Sale of 260,272 SF Industrial Facility in Jacksonville for $25.3M

The firm’s Florida Capital Markets Team Represented Graham Commercial Properties in the Disposition of Interstate South Commerce Center JACKSONVILLE, FL, March 23, 2018 – Cushman & Wakefield has negotiated the sale of Interstate South Commerce Center, a 260,272-square-foot light industrial complex, for $25.3 million. The Class A property is situated in Jacksonville’s Southside industrial submarket, where light industrial space is in high demand. Executive Director Michael Lerner Executive Director Rick Brugge Executive Managing Director Mike Davis Senior Director Karl Johnston The Cushman & Wakefield Capital Markets Team of Senior Director Karl Johnston, Vice Chairman Mike Davis, Executive Director Rick Brugge and Executive Director Michael Lerner negotiated the sale on behalf of the seller in the transaction, GCP-Interstate South, LLC, through its holding company, Birmingham, Alabama-based Graham Commercial Properties (GCP). The buyer is Kissimmee Land Company, LLC, a Fort Family Investments partnership based [...]

By |2018-05-07T10:15:17-04:00March 26th, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield’s 2018 Florida Population Report Predicts Top Growth Markets

Highest Growth Rates Expected in Fort Myers and Orlando ORLANDO, February 22, 2018 – Cushman & Wakefield has released its 2018 Florida Population Reports, which detail projected population growth statewide and in nine major markets throughout Florida. The overall report predicts that Florida’s population will increase by just over 450,000 people in 2018, as compared to 430,000 in 2017. In the next five years, the state’s population is expected to increase from 21 million to 23.3 million. Of the markets examined, the Fort Myers MSA will see the greatest change in year-over-year population growth, while Miami is expected to see the smallest change. Tampa ranks as the largest MSA in the state, and Orlando boasts the lowest unemployment rate. “Florida’s population grew significantly in 2017, aided by continued net migration from northern and high-tax states,” said Chris Owen, Cushman & Wakefield’s Florida Research Manager. “In addition, thousands of Puerto Rico residents also [...]

By |2018-05-07T10:15:17-04:00February 22nd, 2018|In the News|0 Comments

Cushman & Wakefield Secures 23,000 SF Lease for Smith Hulsey & Busey in Downtown Jacksonville

David Hillegas, Buddy Register and Bob Retherford Negotiated the Lease on Behalf of the Jacksonville-Based Law Firm in Wells Fargo Center JACKSONVILLE, FL, February 21, 2018 – Cushman & Wakefield has negotiated a long-term, 23,000-square-foot lease for law firm Smith Hulsey & Busey in downtown Jacksonville’s Wells Fargo Center. The Jacksonville-based law firm will occupy space on the 32nd and 33rd floors of the 648,307-square-foot office building. Cushman & Wakefield’s Senior Associate David Hillegas, Senior Director Buddy Registe rand Senior Director Bob Retherford represented Smith Hulsey & Busey in the lease. The landlord is WFC Lessee, LLC. Lease negotiations were nearing completion just as Hurricane Irma hit Florida, causing the Wells Fargo Center to close for nearly a month. The Cushman & Wakefield team worked diligently with the tenant and landlord to finalize lease terms as soon as the property was back in service. At 1 Independent Drive, the 37-story Wells Fargo Center is the second tallest building in [...]

By |2018-05-07T10:15:17-04:00February 22nd, 2018|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates $6.1M Sale of Southside Industrial Building

 Mike Davis, Rick Brugge, Michael Lerner and Tyler Newman Represented Exeter Property Group in the Sale of 11902 Central Parkway to Colony Northstar JACKSONVILLE, FL, December 21, 2017 - Cushman & Wakefield announced today that it has negotiated the sale of 11902 Central Parkway, an ±85,000-square-foot, single-tenant industrial building in Jacksonville’s Southside industrial market. The Cushman & Wakefield Capital Markets team of Mike Davis, Rick Brugge, Michael Lerner and Tyler Newman represented Conshohocken, PA-based Exeter Property Group in the disposition. Los Angeles-based investor Colony Northstar acquired the building for $6.1 million ($71.55 per square foot). Executive Managing Director Mike Davis Executive Director Rick Brugge Executive Director Michael Lerner Director Tyler Newman               11902 Central Parkway is a manufacturing and distribution facility developed in 1997. The dock-high building features 24-foot clear heights, an ESFR (Early Suppression, Fast Response) fire safety system; T–5 lighting, 10 loading doors, and heavy electric service. [...]

By |2018-05-07T10:15:17-04:00December 22nd, 2017|In the News, Press Release|0 Comments

Cushman & Wakefield Negotiates $27.5M Sale of 223-Unit St. Augustine Senior Community

Allen McMurtry, Paul Carr, David Kliewer and Megan Fetter Represented Life Care St. John’s Inc. in the Sale of Glenmoor to Westminster Communities of Florida ST. AUGUSTINE, FL, OCTOBER 26, 2017— Cushman & Wakefield announced today that it has negotiated the sale of Glenmoor, a 223-unit senior living community in the World Golf Village. Based in Cushman & Wakefield’s Tampa office, Executive Director Allen McMurtry, Senior Director Paul Carr, Senior Director David Kliewer and Senior Director Megan Fetter represented Life Care St. John’s Inc., an affiliate of Ponta Vedra Beach, FL-based Life Care Pastoral Services, Inc., in the disposition. Orlando, FL-based Westminster Communities of Florida acquired the asset for $27.5 million. The property will be renamed Westminster St. Augustine. Westminster St. Augustine was developed in 2001 on a ±40-acre campus at 235 Towerview Drive in St. Augustine’s World Golf Village. The property’s 223 total units comprise 87 cottage homes, 70 independent living apartments, 36 assisted living units and 30 skilled nursing units. Community amenities include [...]

By |2018-05-07T10:15:18-04:00October 27th, 2017|In the News, Press Release|0 Comments

Puerto Rican Diaspora: Migration Flows to Florida and Economic Effects

New Cushman & Wakefield Research Report Explores the Grave Situation on the Ground in Puerto Rico, the Anticipated Puerto Rican Migration to Florida and the State’s Role in the U.S. Territory’s Recovery MIAMI, October 23, 2017 — Cushman & Wakefield today announced the publication of Puerto Rican Diaspora: Migration Flows to Florida and Economic Effects, a report examining the potential impact of a mass Puerto Rican migration to the U.S. mainland in the wake of Hurricane Maria. Florida Research Manager Chris Owen The report, authored by Chris Owen, Cushman & Wakefield Florida Research Manager, details how the widespread destruction caused by Hurricane Maria exacerbated an already dire situation on the ground in Puerto Rico and examines the role Florida will play in the U.S. territory’s recovery and the lives of hundreds of thousands of Puerto Ricans going forward. Highlights of the report can be found below: Florida officials are estimating up to 250,000 [...]

By |2018-05-07T10:15:18-04:00October 24th, 2017|Press Release|0 Comments

Cushman & Wakefield’s 2017 Florida Logistics Report Provides Detailed Insight into State’s Supply Chain Network

Florida’s Demand for Warehouse and Distribution Space May Soon Outpace Supply if the State’s Explosive Population Growth Continues ORLANDO, FL, September 21, 2017 — Cushman & Wakefield announced today that it has published its 2017 Florida Logistics Report. The report, authored by Florida Research Manager Chris Owen and Research Analyst Michelle McMurray, highlights Florida’s vital role in the global supply chain network and the unique strengths and challenges of its major logistical centers: Miami-Dade County, Broward County, Palm Beach County, Tampa, Lakeland, Orlando and Jacksonville. Download a copy of the report here. The 2017 Florida Logistics Report also examines the road, rail, air and sea capabilities and capacities for each of Florida’s major markets and analyzes the issues of supply and demand throughout the state. Notable findings include: Capacity and efficiency improvements over the next five years at Florida ports have the potential to capture market share from out-of-state ports and change supply chain dynamics. Highway and [...]

By |2018-05-07T10:15:18-04:00September 22nd, 2017|In the News, Press Release|0 Comments