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Jax Daily Record Tuesday, May 14, 201312:00 PM EST

Investor buys 12 acres for $6M in Jacksonville's EastPark

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A limited liability company led by investor Carl Stoudemire III paid $6 million Monday for 12 acres, including five buildings and a parking lot, at EastPark.

The 2013 Central Park IV LLC, formed April 2 and led by Stoudemire, bought the property from NW-EastPark LLC, in care of Nationwide Life Insurance Co. in Ohio.

Central Park IV also took out a $2.75 million mortgage from TD Bank on Monday.

Stoudemire could not be reached immediately for comment.

The 12 acres comprises three parcels.

• A 4.99-acre parcel with two warehouse buildings at 11657 Central Parkway. Duval County Property Appraiser records show the warehouse-flex buildings, constructed in 2000, are 29,452 square feet and 40,700 square feet. The 2012 taxable value on the property is $2.6 million.

• A 4.93-acre parcel with three warehouse-flex buildings at 11760, 11762 and 11764 Marco Beach Drive. All were built in 1997. Property appraiser records show they are 27,355 square feet, 27,303 square feet and 24,501 square feet in size. The 2012 taxable value is $3.2 million. • A 2.11-acre parking lot with a taxable value of $426,049.

The EastPark Office and Industrial Park is about 600 acres at Beach Boulevard and the Interstate 295 East Beltway, began development in 1980 as Central Park.

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