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Boulevard Corners shopping center on Beach Boulevard was sold to a Miami Beach investor for $5.95 million.
Jax Daily Record Thursday, Jan. 21, 201612:00 PM EST

Boulevard Corners shopping center sold for almost $6M

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A Miami Beach investor paid $5.95 million for the Boulevard Corners shopping center at 5800 Beach Blvd.

Boulevard Corners is anchored by Staples, Habitat for Humanity ReStore, Hair Cuttery, Sally Beauty Supply and other stores.

The site is south along Beach Boulevard, west of University Boulevard.

116 W Flagler Street LLC, led by Andrew Mirmelli, bought the center in a deed executed Jan. 8 and recorded Tuesday with the Duval County Clerk of Court.

Beach VGIP LLC, based in Brewster, N.Y., sold the center, which it acquired for $3.96 million in 2003.

Beach VGIP is led by Peter Gamar, who formed Sun Management Corp. with a business partner in 1979.

The Duval County Property Appraiser assessed the property’s value at nearly $3.9 million.

Mirmelli said Wednesday he bought the center as an investment for his children. He said he is a trustee of the trust that owns it.

Catherine Childers, president and owner of Childers Commercial Properties, said her company will remain as the property management and leasing company.

She said the 100,589 square feet of retail space is about 99 percent occupied and there are no immediate plans to make substantial changes to the property.

Gamar did not return calls Tuesday or Wednesday.

Clothes Mentor franchisee plans more concepts

The Clothes Mentor at Deerwood Village Mall should open in late spring or early summer, according to Lynn Green, co-owner of the store franchise with Guy Hanna.

The 3,300-square-foot location should hire 10-20 employees.

The space formerly was occupied by Trudy’s Hallmark.

Green, who will be store manager, said she and Hanna are considering opening other NTY Franchise Co. stores.

Clothes Mentor is a women’s clothing re-sale chain operated by NTY Franchise, which has said it expects up to four stores in Jacksonville.

Another, from franchise owner Dayna Cerullo, will open in Claire Lane Center in Mandarin.

NTY, based near Minneapolis, also sells franchises for Children’s Orchard, a children’s clothing resale shop; Device Pitstop, which buys, sells, trades, repairs and upgrades desktop and laptop computers, tablets and smartphones; the New Uses home resale store for furniture, appliances and decor; and NTY Clothing Exchange for resale clothing for teen and young adult males and females.

NTY stands for “new to you.”

Green said she and Hanna are interested in the NTY Clothing Exchange and Device Pitstop.

“We believe that the Jacksonville market would appreciate both of those resale concepts,” she said.

Meanwhile, the city is reviewing an application for the $25,000 build-out for the Mandarin Clothes Mentor at 11112 San Jose Blvd.

$8.5 M build-out OK’d for Deutsche Bank

The city approved three permits Wednesday for the $8.5 million build-out for Deutsche Bank at the former PHH Building in Southside.

Gilbane Building Co. is the contractor for the project, which is a renovation of the three-story, 150,000-square-foot structure at 5201 Gate Parkway. Deutsche Bank will call the building 5201.

The 5201 building is near the company’s campus at 5022 Gate Parkway in the Meridian Business Park.

The lease at 5201 boosts the company’s presence to 350,000 square feet, making it one of the city’s largest office tenants. It allows the global financial-services company plenty of expansion space as it builds its job base in Jacksonville while restructuring its worldwide operations.

Leslie Slover, regional head of Deutsche Bank in Jacksonville and in Cary, N.C., said in November the decision to lease at 5201 Gate Parkway “definitely creates a more permanent commitment to the location in North Florida.”

Deutsche Bank has grown to 1,700 employees in Jacksonville and won approval from City Council for incentives to create 350 more jobs.

The company will consolidate employees from additional leased space in Butler Plaza along Belfort Road to the 5201 building and add new employees there as the company expands.

PHH Mortgage is relocating to Baymeadows.

[email protected]

@MathisKb

(904) 356-2466

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