Cushman & Wakefield announced April 10 that it arranged the $19.2 million sale of Greystone at Town Center, a five-building, 212,240-square-foot single-story suburban office park at 10550 Deerwood Park Blvd. in South Jacksonville.
Cushman & Wakefield said Woodside Capital Partners of Fort Worth, Texas, bought the property.
Cushman & Wakefield Jacksonville brokers and senior directors Karl Johnston, of the Capital Markets Group, and Traci Jenks, in office brokerage, represented the seller in the transaction.
The company did not disclose the seller’s name. The deed was not recorded with the Duval County Clerk of Courts as of 3 p.m. April 10.
Through CD119 Greystone LLC, Taurus Investment Holdings of Deerfield Beach is shown in property records as the owner and has the property listed on its website. It acquired the property for $25 million in 2006.
The property is south of Butler Boulevard.
Cushman & Wakefield said Greystone at Town Center is positioned within Jacksonville’s strongest performing suburban office micro-market of Deerwood Park, which the commercial real estate company said is positioned for significant rent growth.
“This premier location offers a strong base of office, retail, and commercial support facilities including St. Johns Town Center, a 1.6 million-square-foot super-regional lifestyle center within 5 minutes of the office park,” Cushman & Wakefield said.
St. Johns Town Center is north of Butler Boulevard and east of the property.
The office park, developed in 1999, is leased to high-quality companies and “offers a quality suburban and central access location of choice and should perform well into the future for Woodside Capital Partners,” Johnston said.
Cushman & Wakefield is a global commercial real estate services firm with about 52,000 employees in nearly 400 offices and 60 countries.
In 2023, it reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services.