Krispy Kreme’s Merrill Road location has a new landlord — managing partners of a Hollywood production company.
Developer JDL Castle Corp. President W. David Shannon, through Chateau Benyay Jacksonville Merrill LLC, sold the property Feb. 23 to a California investment partnership, 7612 Merrill Road LLC.
Barbara Glazer and Michael Greenfeld of Los Angeles are managers of 7612 Merrill Road LLC, filed with the state Dec. 23.
They are members of AngelVision Investors, founded in 2010 by current and former entrepreneurs in the entertainment, marketing and new media industries.
They also are managing partners of Picture Head, a Hollywood-based post-production company.
Greenfeld said by email the acquisition is probably the only one they will make in the area.
“We work with a real estate group that targets certain properties with solid tenants and stable returns and the Krispy Kreme on Merrill Road qualified as one that worked for our needs,” he said.
Greenfeld said he hasn’t been in Jacksonville for a while but hopes to return soon. He said he visited a few years ago to watch The Players Championship and played in the pro-am with Corey Pavin.
According to angelinvestors.com, Glazer and Greenfeld in 1997 established The Ant Farm, an entertainment marketing firm that was purchased by DDB, an Omnicom company. Under their leadership, it grew to more than $50 million in revenue.
They paid $2.2 million for the 1.34-acre Krispy Kreme property, developed in 2014 with a 2,432-square-foot doughnut shop. First Savings Bank of Clarksville, Ind., issued a $1.21 million mortgage.
The deed and mortgage were recorded Tuesday with the Duval County Clerk of Court.
Westside spec building almost $8M
Pattillo Industrial Real Estate has begun site work and will start construction on a 237,053-square-foot speculative building in Westside Industrial Park after the permit is issued.
The city is reviewing a building-permit application for the warehouse that shows a construction cost of nearly $7.8 million, more than Pattillo’s January estimate of $6 million.
Pattillo Construction Corp. is the contractor for the project at 4948 Bulls Bay Highway.
Pattillo Vice President Peter Anderson said no tenants have been signed for the speculative structure, which is one of a very few industrial projects built or planned without a tenant in the current market. The availability of such space is considered attractive for companies that want to move or expand within the area and need space quickly.
Anderson said Pattillo wants to complete the building shell by May 31. He doesn’t expect to spend more than another $500,000 on finishes.
Mercedes-Benz adding $1M shelving system
Mercedes-Benz USA wants to add a $1.15 million shelving system at its North Jacksonville distribution center, where it landed a building permit early this year for a $1.86 million expansion.
That adds up to at least a $3 million investment.
The city is reviewing a permit application to expand the shelving system. The Haskell Co. is the contractor for the expansion.
Mercedes-Benz USA in Montvale, N.J., is responsible for the distribution, marketing and customer service for all Mercedes-Benz, smart and Sprinter products in the United States.
It leases space in a more than 500,000-square-foot distribution center at 13470 International Parkway in the Jacksonville International Tradeport.
The company opened a 415,000-square-foot Southern Region facility in 2010 at the Tradeport, where four business units were moved. It said in November it would expand into another 120,000 square feet of warehouse space there as well as add a 38,000-square-foot mezzanine over its current bin locations.
A spokeswoman said then the company is expanding the center to align with its growth strategy, which ultimately will expand its supply of available parts.
Mercedes-Benz is part of the Daimler Group, based in Germany.
Dames Pointe Plaza sold to Cobblestone Crossing owner
Dames Pointe Plaza in Arlington was sold Feb. 26 to Dames Center LLC, led by the same owner that renovated the Cobblestone Crossing center in East Arlington.
Dames Center LLC paid almost $6.73 million for the center at 6999 and 7001 Merrill Road. Rialto Mortgage Finance LLC of New York issued a $5.1 million mortgage the same day. The center was sold by Hart Properties V Ltd. of Palm Beach Gardens.
Dames Pointe Plaza, built in 1987, encompasses 9.67 acres and three buildings that total almost 76,000 square feet. It is at Merrill Road and Townsend Boulevard.
Dames Center LLC’s manager is Dames Plaza Inc., whose agent and president is Daniel J. Halberstein of Aventura.
Publix, which anchors the center, was not included in the sale. Publix Super Markets Inc. owns its store there, having acquired it in 2005.
Halberstein also is an agent of Cobblestone Sub LLC, which owns and recently renovated Cobblestone Crossing, which was developed in 1986.
Halberstein is president of Cobblestone Center Inc., the general partner of Cobblestone Center Ltd., which is the managing member of Cobblestone Sub LLC.
Halberstein has not returned several phone calls about plans for the center.
Flagler Center land bought for Renaissance Charter School
Developers of the proposed Renaissance Charter School in Flagler Center bought the property Feb. 26 for almost $2.03 million and took out a $12.7 million loan from CLI Capital of Texas.
The deed and mortgage were recorded Wednesday with the Duval County Clerk of Court.
FDG Flagler Center Land LLC sold the land to Red Apple of Flagler Center LLC.
It will be the seventh Renaissance Charter School in the area. There is one each in Arlington, Mandarin, Westside and Southside and a K-8 school and high school in Baymeadows.
Plans showed developer Red Apple at Deerfield LLC of Fort Lauderdale would develop the two-story school on almost 11 acres along Flagler Boulevard.
The area schools are governed by Renaissance Charter School Inc. and are members of the Charter Schools USA family of schools.
Summit Construction Management of Orlando is shown on plans as a developer. Thomas Hankinson with Summit is the contact. Hankinson and Charles Cordes are managing members of Charter Schools Development Group LLC.
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