Investors in Gateway Jax, already with at least 28 acres under ownership in Downtown Jacksonville, have added another 2.85 acres in LaVilla with the acquisition of the former Interline Brands Inc. building at 801 W. Bay St.
The property is north of the Lofts at Jefferson Station apartments and south of the Prime F. Osborn III convention center and the Jacksonville Transportation Authority headquarters.
Through 801 Bay St LLC, Gateway Jax bought the property Oct. 31. It paid $4 million for the two-story, 38,136-square-foot Interline building developed in 1998 at northwest Bay and Jefferson streets, according to a deed executed Oct. 31 and recorded with the Duval County Clerk of Court Nov. 5.
St. Augustine-based DLP Lending Fund LLC, an investor in Gateway Jax, financed the West Bay Street purchase at $2.6 million, according to the mortgage recorded Nov. 5.
“Gateway Jax, a fully integrated commercial real estate development company, sponsored by DLP Capital and JWB Real Estate Capital, closed on 801 Bay Street (formerly the Interline building) and the 2.85-acre parcel where it is located on October 31, 2024,” Gateway confirmed in a statement Nov. 6.
“The approximately 38,000 square foot building with surface-level parking remains available for lease. While there are no immediate plans for additional development on this parcel, Gateway Jax believes in the growth potential of the LaVilla neighborhood and may reimagine the site as part of a larger development plan in the future.”
Gateway Jax proposes to redevelop the acreage it owns Downtown, starting with the groundbreaking Oct. 29 of the Pearl Square residential and retail project in the NorthCore district.
The 801 W. Bay St. building is about 0.7 mile from the Pearl Square area.
Gateway Jax bought the West Bay Street Property from HD Supply Facilities Maintenance Ltd. of Atlanta.
HD Supply Facilities Maintenance Ltd., which sells maintenance, repair, and operations products, has moved to Gramercy Woods along Southside Boulevard in The Avenues area of Jacksonville.
HD Supply is a wholly owned subsidiary of The Home Depot, which acquired Interline Brands in 2015.
The 801 W. Bay St. property is north of Lofts at LaVilla, west of a site owned by First Coast Energy LLP, south of Sally Industries Inc., and east of a city-owned parking lot.