The development, located about an hour north of Tampa, is fully leased. HTG completed the first phase of the development in 2017, consisting of 96 affordable apartments and broke ground on 94 additional apartments last year.

Among the new transactions was the new lease with Hazen and Sawyer, D.P.C., for 8,635 square feet, as well as a renewal and expansion for Barbara J. Prasse, P.A. for 2,416 square feet and a renewal with American Mortgage Services for 2,236 square feet.

Apartment fundamentals in the Jacksonville MSA are solid. According to CBRE Econometric Advisors, employment gains in the market have been steady over the past few years and should continue to have a positive effect on the apartment market.