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The former Maidenform plant sits on 7.9 acres at 6500 Youngerman Circle. The plant has been closed since 2005.
Jax Daily Record Tuesday, May 30, 201712:00 PM EST

City Notes



Heritage Capital Group advises sale of Walchle Lear Multifamily

Jacksonville-based Heritage Capital Group announced the sale of Walchle Lear Multifamily Advisors to Newmark Grubb Knight Frank, a division of BGC Partners Inc. Walchle Lear will operate under NGKF’s ARA brand as ARA Newmark.

Led by Bart Walchle, Steve Lear, Erik Bjornson and Tyler Nilsson, Walchle Lear specializes in the brokerage of multihousing communities and multifamily residential and mixed-use land throughout North Florida and Southeast Georgia.

Howard Serkin, chairman of Heritage Capital Group, advised Walchle Lear in the transaction.


JLL hires 15 from Integra Realty Resources

Chicago-based commercial real estate firm JLL hired 15 professionals from the Jacksonville affiliate of Integra Realty Resources, of which three — Robert Crenshaw, Patrick Phipps and J. Mark Williams — joined as managing directors in Florida, specializing in valuation and advisory.

They will jointly lead the new Jacksonville Valuations & Advisory Services platform.

Integra Realty Resources is a network of independent U.S. commercial real estate valuation, counseling and advisory firms.

Chally is named chair of the Baptist Medical Center board of directors

Pam Chally has been named chair of the Baptist Medical Center Jacksonville board of directors. She has been a board member since 2012 and a member of the Baptist Health board since 2015.

Chally was dean of the Brooks College of Health at the University of North Florida for 19 years and will become interim provost and vice president of academic affairs at UNF on Oct. 1.

Baptist Medical Center said three new members were elected to the board.

n Ken Babby, owner and CEO of the Jacksonville Jumbo Shrimp and the Akron RubberDucks minor league baseball teams.

n Michael Diaz, co-founder and CFO of the St Augustine Distillery. He has served on the Baptist Health Foundation board of directors since February 2011 and was board chair from April 2014 to March 2016.

n Asghar Syed is a litigator and shareholder with Smith Hulsey & Busey.


Former Maidenform factory sold to New York distributor

Ewing Real Estate served as the listing and selling agent in the May 4 sale of the former Maidenform plant to a New York-based distribution company for $2.7 million.

Principals Ben Bishop and Daniel Blanchard were the brokers, and Ewing will serve as the marketing and leasing agent.

The 122,250-square-foot plant is on 7.9 acres at 6500 Youngerman Circle.

It was built in 1985 and was closed in 2005.

The buyer, 6500 Youngerman Properties LLC of New York, will occupy 36,250 square feet of the building and offer the remaining 75,000 square feet of warehouse space and 11,000 square feet of office space for lease through Ewing.

Ewing said the buyer is ValuMax International, a medical-clothing distribution company.

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