Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JACKSONVILLE, FL-Watch Omega Holdings LLC, an Austin, TX-based company that has been gradually selling off its Florida assets, disposed of two properties in North Florida totaling 227,766 sf for $12.5 million. GMH Capital Partners of Newtown Square, PA brokered both transactions.

In Gainesville, Miami-based Continental Property Acquisitions Corp. paid $8.3 million, or about $46.83 per sf, for the 177,766-sf Wal-Mart Plaza at 2603-2659 NW 13th St.

The 15.9-acre property, near the University of Florida campus, “offers prime, highly visible retail space” and “excellent accessibility and exceptional parking ratios that all within view and easy reach of every storefront,” says GMH broker Bill Tourtellotte. Tourtellotte and GMH brokers Dave Forrest and Steve Behrle negotiated for Watch Omega. Trammell Crow Co. also participated in the transaction.

In Jacksonville, locally based PRG Development Inc. bought the 50,000-sf, 13-year-old Carrier Office Building for $4.2 million or about $84 per sf. Winn-Dixie Corp.’s headquarters staff and a separate call center company occupy the building which sits on 5.8 acres at 7595 Centurion Parkway. Tourtellotte, Forrest, Behrle of GMH and Bruce N. Jackson of CB Richard Ellis Inc. of Jacksonville participated in the transaction.

In March of this year, Watch Omega disposed of the 216,817-sf Town & Country Plaza Shopping Center in Pensacola. Safeway Group Inc. of Pleasanton, CA bought the 75%-leased property for $5.8 million or $26.75 per sf, a price local brokers told GlobeSt.com at the time was far below replacement cost.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.