4th Quarter 2019 | January 2020
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After a decade of dominance, where do we go from here?
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After closing with a record 126 straight months of economic expansion, the 2010s marked the first time in modern American history an entire decade was void of recession. The Northeast Florida MSA was a major beneficiary of this expansion period, kicking off Q1 2010 with an unemployment rate of 11.2% and closing November 2019 with a record low unemployment rate of 2.6%. This equates to over 167,000 new jobs created in the Jacksonville MSA during the decade, a staggering increase of 29.3%.
The biggest change to the Northeast Florida commercial real estate market over that period has been the improved perception of our market in the opinion of national and international investors. Continued growth prospects for the state of Florida, the world’s 17th ranked GDP, are bright as ever, and investors looking to the state for commercial real estate yield have eyes on Jacksonville.
naihallmark.com
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San Marco East Plaza
3563 Philips Highway | Jacksonville, FL 32207
Located on the I-95 / Emerson Street interchange, San Marco East Plaza is a 7 building 373,000 square foot suburban office complex that bookends Jacksonville’s South Metro Business District.
properties.naihallmark.com
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Baymeadows Park
9303 Baymeadows Rd E | Jacksonville, FL 32256
This new master development located on Baymeadows Road just east of I-95 will transform the Baymeadows area with cutting edge restaurants, upscale retail, medical offices, a destination hotel, and collaboration workspace.
properties.naihallmark.com
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Philips Distribution Center
7658 Philips Highway | Jacksonville, FL 32256
This 161,200 square foot mixed-use project features three buildings offering retail, showroom and warehousing suites for lease. Philips Distribution Center has excellent visibility in a highly sought after Southside location.
properties.naihallmark.com
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Looking for more of our listings? Visit our website today.
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JACKSONVILLE, FL – January 7, 2020
–
Daniel Burkhardt
,
Patrick Thornton
and
Luke Feldman
announce the sale of Rockefeller Medical and Professional Center (the “Property”) on behalf of H & LK, LLC. The Property is a seven-building office and medical complex totaling 46,980 sq ft located in Orange Park, Florida, and was acquired by Rockefeller Center Holdings LLC.
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Investment Sales
RLFED Fleming, LLC
purchased
8000 & 8001 Belfort Parkway
, 86,400 SF for $7.7 million
H & K LLC
purchased Rockefeller Medical & Profesisonal Center, 46,980 for $3.150 million
HSF Richard St LLC
purchased 5836 Richard Street, 11,490 for $1.125 million
Office
Nova Southeastern
leased 50,977 SF at 95 Corporate Center
Community First Credit Union
purchased 701 West Adams Street, 32,300 SF for $4.617 million
Made In Space leased 19,381 SF at Baymeadows Business Center
Sunteck leased 18,118 SF at Butler Pointe
Golder Associates leased 14,637 SF at Baywood Center
Retail
Generator Supercenter leased 11,046 SF at Spectrum
Lil Voyagers leased 2,500 SF at The Fountains
Gallery725 leased 2,042 SF at Beach Plaza
Insure With The Herd leased 1,144 SF at 104 College Drive
Industrial
Blackwood Investments purchased
7900 & 7950 Belfort Parkway, 82,000 SF for $4.801 million
Jackson Lighting leased 15,000 SF at Plymouth Plaza
Service Experts leased 14,420 SF at Interstate Distribution Center
Mattress 1000 leased 10,815 SF at Beach Boulevard Distribution Center
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January 21
NAIOP Blog
January 16
Jax Daily Record
January 12
Florida Times Union
January 3
Jacksonville Business Journal
December 11
National Real Estate Investor
December 10
Jax Daily Record
December 10
National Real Estate Investor
December 9
NAIOP Blog
November 18
NAIOP Blog
November 5
SIOR Blog
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UF Trends & Strategies Conference
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Each year industry professionals discuss the future of Real Estate and network with the best in the industry at the Real Estate Trends & Strategies Conference hosted by the Bergstrom Center.
Commercial and residential real estate investors, real estate brokers, real estate appraisers, attorneys, architects, builders, developers and other real estate industry-related professionals will benefit from the education and networking opportunities.
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I.CON is the nation’s largest gathering of industrial real estate professionals focused on the development, operation and expansion of industrial real estate.
Hear the big ideas, trends and new technologies in industrial development from the best in the business, and make new professional contacts in the enthusiastic networking environment.
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April 2-3, 2020
Hyatt Regency Huntington Beach Resort
Huntington Beach, California
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TransACT 360 has been renamed from Spring World Conference to more clearly articulate the value of the event and reflect what you’ll accomplish—it’s the place to conduct business and acquire tactical intelligence that can be put to use right away. Attend TransACT 360 to be surrounded by deal-making from every angle.
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How may we help with your commercial real estate needs?
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Keith Goldfaden
Managing Partner, Investment
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Christian Harden
Managing Partner, Brokerage
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Patrick Thornton
Principal
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M
ike
M
aschmeyer
VP Land & Development
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Daniel Burkhardt
SVP, Investment
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Bryan J. Mickler
VP, Retail
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Carmen Mantay
VP, Brokerage
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Jason J. Purdy
VP, Industrial
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Eric Yi
Senior Associate, Retail
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Patrick Carney
Associate, Office
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Luke Feldman
Associate, Investment
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Sarabeth Lewis
Associate, Office
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Jennifer Beerli
Director of Marketing
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Jenn Sefton
Marketing Coordinator
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Litsa Milonas
Opperations Coordinator
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NAI Hallmark is a full-service commercial real estate company specializing in sales and leasing brokerage, property management, corporate services and development in Northeast Florida. Established in 1993, NAI Hallmark is currently involved in the leasing and/or management of a portfolio in excess of 6.5 million square feet of office, industrial and retail properties in the Jacksonville market. In addition, the company has developed more than $400 million in commercial projects throughout northeast Florida. As a member of the NAI Global network, NAI Hallmark is also connected to the largest network of independent commercial real estate firms worldwide. Learn more at NAIHallmark.com.
NAI Hallmark © 2020 All Rights Reserved
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