For more retail coverage, click GlobeSt.com/RETAIL.
FERNANDINA BEACH, FL-Yulee Junction, a newly built, 28,714-sf,80%-leased strip shopping center in the North Florida resortcorridor, has generated a premium price of $4.95 million, or$172.39 per sf, for Jacksonville owner LandAmerica Exchange Co. Aprivate Jacksonville investors purchased the property which isabout 150 miles northeast of Downtown Orlando.
Orlando-based Pocklington, Pocklington & Forster RetailInvestment Group, which focuses on retail properties sized up to85,000 sf, represented buyer and seller. Pocklington Group broughtthe buyer to the seller. "We set the bar high and were able togenerate a premium price for the seller, while delivering a brandnew asset in an emerging market, with strong future value for thebuyer," says group principal Mike Pocklington.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
