Colliers International reported Tuesday that the Shoppes of Tinseltown I and II sold for $9.925 million. They last sold for $6.1 million in October 2015.
It said it was the highest price per-square-foot shopping center sold this year for less than $10 million. It sold for $341 per square foot.
The properties, at 9700 and 9734 Deer Lake Court, comprise about 29,000 square feet of fully leased space, including anchor tenants Mellow Mushroom, Bento Café, Moe’s Southwest Grill and Orange Theory Fitness.
Scott Rogers, vice president, and Ernie Saltmarsh, senior associate, with Colliers represented the seller.
In the announcement, Colliers did not identify the buyer or seller, but said the buyer is a family based in Texas and the seller is a local investor.
Saltmarsh said the properties are fully leased.
He noted the surrounding apartments, employers and a movie theater for a strong business base, and said the tenants are internet-resistant in that they are service-oriented restaurants, a fitness center and a nail salon.
The sale was not recorded with the Duval County Clerk of Courts as of Tuesday afternoon.
Property records show that Tinseltown I and II were owned by NewTinseltown II LLC of Gainesville.
The property at 9700 Deer Lake Court was built in 2001 and comprises 11,840 square feet on 1.24 acres.
The property at 9734 Deer Lake Court, built in 2002, is 17,751 square feet and occupies about 2.9 acres.
New Tinseltown LLC is led by Taraz, Frank and Taraneh Darabi. Frank and Taraneh Darabi are officers in Darabi and Associates Inc., an environmental engineering and consulting firm.
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