Parkway Place in South Jacksonville sells for $13 million

Greenfield Partners sold the property to Runnymede Corp.


Parkway Place comprises two single-story office buildings at 6680 and 6700 Southpoint Parkway. (Google)
Parkway Place comprises two single-story office buildings at 6680 and 6700 Southpoint Parkway. (Google)
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The Runnymede Corp. paid $13 million for the Parkway Place office park in South Jacksonville.

Parkway Place comprises two single-story office buildings on about 10 acres at 6680 and 6700 Southpoint Parkway.

Through Saltmeadow L.L.C., Runnymede bought the property from Greenfield Partners.

Runnymede is based in Virginia Beach, Virginia.

Greenfield Partners, based in Westport Connecticut, sold the property through LSOP 3 FL 4 LLC. The deed notice was posted Dec. 23.

The property was part of Greenfield Partners’ purchase of Liberty Property Trust LLC’s Jacksonville portfolio in December 2013.

The two buildings were sold from one Greenfield Partners entity to another for $11.8 million in January 2014.

Commonwealth Commercial Partners, a Richmond, Virginia-based firm, announced it was awarded the property and asset management for the property.

It said Runnymede is a family-owned commercial real estate investment, development and management company.

Newmark Knight Frank in conjunction with Newmark Phoenix Realty Group represented the seller, Commonwealth said.

Permanent financing for the property was arranged by TowneBank. The buildings were developed in 1986 and 1987, property records show.

They comprise 102,960 square feet and are full leased to four tenants in rail transportation, automotive technology, education and service industries, Commonwealth announced.

Commonwealth manages several properties in the surrounding area, including Enterprise Park, Belfort Crossing, 8800 Baymeadows Way and Riverplace Tower.

 

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