Property purchases


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  • | 12:00 p.m. December 28, 2012
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• Former Jacksonville Jaguars quarterback David Garrard bought property from Hodges Blvd. Development Group Inc. for $650,000 in the Glen Kernan Golf & Country Club. The sale was recorded Dec. 13.

• GMF-Jacksonville Pool LLC bought the Eureka Gardens and Moncrief Village apartments and other property for $26.4 million in a sale recorded Dec. 21, according to property records. GMF, based in Cordova, Tenn., bought the 14 properties from BMRLW LLLP of Jacksonville. The GMF managing member is GMF – Preservation of Affordability Corp.

• FirstAtlantic Bank paid $2.6 million for property at Beach and Hodges boulevards. It bought the property from St. Augustine-based Prosperity Bank.

• DG Jacksonville LLC bought the property at Merrill Road and Wedgefield Boulevard where a Dollar General was developed. DG Jacksonville LLC paid $1.6 million for the property from Millennium Venture Group Inc., doing business as MVG Development, in a sale recorded Dec. 10, according to property records. Millennium Venture Group is based in Denver and DG Jacksonville is based in Brooklyn, N.Y.

• Regency Partners L.L.P. sold two Regency area centers to South Coast – Regency LLC for $2.8 million. The properties, built in 2005, consist of an 11,633-square-neighborhood shopping center on 1.07 acres at 9527 Regency Square Blvd. and a 6,141-square-foot office-medical structure on almost an acre at 9535 Regency Square Blvd. Their combined 2012 taxable value was almost $2.5 million. South Coast — Regency is based in Bluffton, S.C.

 

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