Top commercial sales of the week

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Baker, Clay, Duval, Nassau and St. Johns counties. The sales were recorded April 22-28, 2024.

  • By Daily Record Staff
  • | 12:00 a.m. May 2, 2024
  • | 4 Free Articles Remaining!
In a deed-in-lieu of foreclosure, new owners took control of Wells Fargo Center in Downtown Jacksonville. The tower and a nine-level parking garage were conveyed to Argentic Investment Management LLC of New York City for $41.715 million. Argentic also acquired another parking garage at 21 E. Bay St. for $4.64 million.
In a deed-in-lieu of foreclosure, new owners took control of Wells Fargo Center in Downtown Jacksonville. The tower and a nine-level parking garage were conveyed to Argentic Investment Management LLC of New York City for $41.715 million. Argentic also acquired another parking garage at 21 E. Bay St. for $4.64 million.
Jillian Cain - stock.adobe.com
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DUVAL

$41,715,000

1 Independent Drive W., Jacksonville

Type: Wells Fargo Center

Parcel size: 2.97 acres

Building size: 992,501 square feet

Buyer: AREIT RE WFC LLC

Seller: WFC Lessee LLC

Previous sale: $30,550,000 in 2014


DUVAL

$12,000,000

7608 and 7660 Gainesville Ave., Jacksonville

Type: Warehouses

Parcel size: 14.43 acres

Building size: 193,837 square feet

Buyer: AG-RC Gainesville Ave Owner LLC

Seller: 7660 Gainesville Avenue LLC

Previous sale: $8,800,000 in 2022


DUVAL

$7,115,500

Percy Road, Jacksonville

Type: Planned residential

Parcel size: Not available       

Buyer: Meritage Homes of Florida Inc.

Seller: Bird Dog LLC


ST. JOHNS

$6,000,000

4400 S. Francis Road, St. Augustine

Type: Timberland

Parcel size: 28.54 acres

Buyer: Southbelt Park Ltd., IGS Diamond S Inc. and Irving G. Snyder Jr.

Seller: Isabelle S. Lockhart and the John W. Lockhart Revocable Trust


DUVAL

$4,635,000

21 E. Bay St., Jacksonville

Type: Annex parking garage

Parcel size: 1.52 acres

Building size: 170,601 square feet

Buyer: AREIT RE WFC LLC

Seller: WFC Lessee LLC

Previous sale: $2,250,000 in 2014


DUVAL

$3,835,000

Zoo Parkway, Jacksonville

Type: Industrial

Parcel size: 22.2 acres

Buyer: JI IPS 19 LLC

Seller: CEFL Inc.


DUVAL

$3,400,000

4189 Southpoint Drive E., Jacksonville 

Type: Medical office

Parcel size: 1.6 acres

Building size: 12,862 square feet

Buyer: Leder Property Management LLC

Seller: Southpoint Partners LLC


DUVAL

$3,290,000

3025, 3101 and 3111 Percy Road, Jacksonville

Type: Planned residential

Parcel size: Not available

Buyer: Bird Dog LLC

Seller: Larry C. and Joan Harrold, the Harrold Living Trust, the Kathryn L. Harrold Revocable Trust, Andrew C. Harrold, Nora J. Miller, the Nora J. Miller Living Trust and Paul D. and Christie L. George


ST. JOHNS

$3,249,269

Superior Boulevard, St. Augustine

Type: 25 residential lots in Silver Meadows Phases 1,2 and 4

Parcel size: Not available

Buyer: Lennar Homes LLC

Seller: AG EHC II (LEN) Multi State 1 LLC


DUVAL

$2,680,000

10663 Monaco Drive, Jacksonville

Type: Monaco shopping center

Parcel size: 4.09 acres

Building size: 38,360 square feet

Buyer: 10663 Monaco DR LLC

Seller: BMG Enterprises Inc.

Previous sale: $535,000 in 2015

 

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