The Top 15 commercial deals of 2002


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  • | 12:00 p.m. March 12, 2003
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Here’s a look at the Top 15 commercial real estate deals locally in 2002, according to Metro Market Trends, a computer-based real estate tracking system.

245 Water St.

Price: $52,356,200

Assessed land value: $1,601,670

Seller: Enterprise Center Hotel LP

Buyer: Omni Jacksonville Corporation

Structure Type: Hotel

Square feet: 273,276

Closing agent: none listed

Year built: 1987

Resale/Previous sales: $3.5 million in 1986

8090 Atlantic Blvd.

Price: $34,400,000

Assessed land value: $1,602,790

Seller: Graoch Associates #54 Limited

Buyer: Lighthouse Bay Apartments LLC

Structure Type: Multi-family

Square feet: 678,440

Closing agent: none listed

Resale/Previous sales: $20.4 million in 1997; $6 million in 1993

9601 Southbrook Dr.

Price: $29,150,000

Assessed land value: $1,662,910

Seller: Arc Carriage Club of Jax, Inc.

Buyer: Health Care Property Investors

Structure type: Retirement homes

Square feet: 254,019

Closing agent: Bass Berry & Sims, PLC

Year built: 1989

Resale/Previous sales: $100 in 1999; $20 million in 1997

7701 Timberlin Park Blvd.

Price: $22.8 million

Assessed land value: $2,112,386

Seller: Timberlin Parc Properties, LLC

Buyer: Timerlin Parc Development Co.

Structure type: multi-family

Square feet: 269,164

Closing agent: Howe Robinson & Watkins LLP

Year built: 1996

Resale/Previous sales: $17.95 million in 1999; $100 in 1997

7777 W. Baymeadows Way

Price: $21,670,800

Assessed land value: $1,177,500

Seller: Universal Card Services Corp.

Buyer: Citicorp Credit Services, Inc.

Structure Type: Office building, multi-story

Square feet: 450,704

Closing agent: Dan McCawlye

Resale/Previous sales: $33,164,100 in 1994; $2,332,410 in 1991

10200 E. Belle Rive Blvd.

Price $16.45 million

Assessed land value: $1,696,343

Seller: Gangsum LLC

Buyer: Belle Rive Acquisition LLC

Structure type: multi-family

Square feet: NA

Closing agent: Pappas & Metcalf, PA

Year built: 1985

Resale/Previous sales: $12.25 million in 1995; $9.5 million in 1993

10991 San Jose Blvd.

Price: $16.25 million

Assessed land value: $2,274,703

Seller: MC Associates

Buyer: Wal-Mart Stores East LP

Structure Type: community shopping center

Square feet: 159,426

Closing agent: David J. Edwards

Resale/Previous sales: $4,256,800 in 1986; $100 in 1985

5327 Timuquana Rd.

Price: $16,054,900

Assessed land value: $707,850

Seller: WXI/MCN SUBS III Real Estate LTD

Buyer: Coolidge-CLK Mission Springs

Structure Type: multi-family

Square feet: 142,104

Closing agent: Arent Fox Fintner et al.

7524 Southside Blvd.

Price: $14,895,800

Assessed land value: $2,263,628

Seller: Diversified Real Estate Fund

Buyer: The Glades Apartments LTD PTNR

Structure type: Multi-family

Square feet: 279,979

Closing agent: American Title

Year built: 1985

Resale/Previous sales: $12.9 million in 1996; $2.16 million in 1984

1800 The Greens Way, Building 100

Price: $13.5 million

Assessed land value: $1,780,732

Seller: Pacific Life Insurance, Co.

Buyer: Villas at Marsh Landing LLC

Structure type: multi-family

Square feet: 203,931

Closing Agent: Stoneburner Berry & Simmons PA

Resale/Previous sales: $2,080,000 in 1990

4375 Confederate Point Rd.

Price: $12,475,000

Assessed land value: $1,498,875

Seller: Continental Heritage Fl Corp.

Buyer: Heritage on the River LLC

Structure Type: multi-family

Square feet: 355,400

Closing agent: Glast Philips & Murray PC

Resale/Previous sales: $8 million in 1997; $7.94 million in 1995

900 Broward Rd.

Price: $8,908,500

Assessed land value: $979,740

Seller: CPRK-I LTD Partnership

Buyer: We Apartments LLC

Structure type: multi-family

Square feet: 241,876

Closing agent: Barry D. Irwin

Year built: 1977

Resale/Previous sales: $4,989,800 in 1998; $100 in 1996

3121 Venture Place #4

Price: $8.9 million

Assessed land value: $315,053

Seller: Star Tex LC

Buyer: Jacksonville LLC

Structure type: supermarket

Square feet: 2,382

Closing agent: Akerman Senterfitt & Eidson PA

Year built: 1989

Resale/Previous sales: $904,000 in 1993; $867,900 in 1990

1451 Dunn Ave.

Price: $8,680,500

Assessed land value: $363,160

Seller: BP Products North

America, Inc.

Buyer: Giant Jacksonville LLC

Structure type: supermarket

Square feet: 1408

Closing agent: Carlton Fields

Year built: 1987

Resale/Previous sales: $60,000 in 1985

7510 Baymeadows Way

Price: $8.5 million

Assessed land value: $962,208

Seller: Betzdearborn, Inc.

Buyer: Hercules Incorporated

Structure type: office building,

one story

Square feet: 116,947

Closing agent: Broad & Cassel

Year built: 1983

Resale/Previous sales: $678,100 in 1992

— compiled by Bailey White

 

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