St. John’s Town Center North, a shopping center anchored by Publix and Total Wine & More, sold for an undisclosed price.
The sale had not been recorded with the Duval County Clerk of Court as of mid-afternoon July 2.
JLL Capital Markets in Miami issued a news release July 1. It did not provide the purchase price.
JLL said that it represented the seller, Glendale, California-based American Realty Advisors LLC.
The release said an affiliate of Miami-based Core Investment Properties Fund bought the property.
Core Investment buys grocery-anchored and experience-oriented retail properties in Florida. It owns and manages more than 2 million square feet of space.
JLL’s Danny Finkle and Eric Williams represented the seller in the transaction.
“St. John’s Town Center North is a unique asset, given its combination of strong traffic generating anchors in Publix and Total Wine, a number of highly desirable small shop tenants and a prime location within one of the Southeast’s strongest retail submarkets,” Finkle said in the release.
“Grocery-anchored centers of this scale and quality are rare, and St. John’s Town Center North was a coveted acquisition opportunity.”
The Shopping Center Group Senior Vice President Stephanie McCullough said her group partnered with JLL on listing the property. TSCG has managed and leased the shopping center since American Realty Advisors purchased it in 2010.
The property at 4413 Town Center Parkway sits on 14.19 acres and was built in 2007.
The shopping center is fully leased to tenants including Aveda, Five Guys Burgers and Fries, The Bread & Board, The Loop, Weight Watchers and Sports Clips. The property includes three outparcels occupied by Tropea Dental Care, 145-Degree Seafood Boil and SunTrust Bank.