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Jax Daily Record Thursday, May 13, 202106:10 PM EST

Skinner Bros. Realty sells Phase 1 of Nocatee Town Center 

A Cincinnati investment company paid $15.6 million for five buildings totaling 40,000 square feet.

Skinner Bros. Realty says it sold five multitenant retail buildings in the Nocatee Town Center on May 13 for $15.6 million.

The structures comprise about 40,000 square feet and are fully leased to 15 tenants.

Last Mile Investments of Cincinnati, Ohio, bought the property.

Bob Selton and Jason Ryals of Colliers International represented Last Mile, which is a subsidiary of North American Properties.

Jacksonville-based Skinner Bros. Realty started the development in 2015 and completed the fifth building of Phase 1 in the fourth quarter of 2019.

Skinner Bros. Realty sold five multitenant retail buildings in Nocatee Town Center for $15.6 million.

“While the ownership has been transferred, Skinner Bros. Realty will continue to represent Last Mile Investments as Property Manager for all five buildings,” said Riley Skinner, vice president of Skinner Bros. Realty, in a news release.

“In addition to our property management role, we continue to be involved in the development and growth of the Nocatee Town Center.” 

Ryan Moore, CEO of Last Mile Investments, called Nocatee “a world-class community” in the release.

Tenants at the sold properties include Heartland Dental, CareSpot, M Shack, Dunkin’, South Kitchen, Burn Boot Camp, Forever Vets, Spavia, Noire Nail Bar, Pieology, SuperCuts, Coastal Wine Market, Tank’s Sushi Bistro and Verizon Wireless.

Skinner Bros. Realty, in partnership with The PARC Group, recently completed the GreenWise-anchored shopping center and broke ground this month on a 10,000-square-foot retail building next to First Watch. 

Those buildings are not part of the Phase 1 sale.

“We are thankful to be a part of the continued growth in the community and look forward to bringing more services and retail to the residents of Nocatee,” Skinner said.

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