Investor Graham sells Gran Park property for $11.8 million

The Birmingham, Alabama, company says it boosted occupancy from 33% to 100% in three years.

Graham & Co. sold a building at 10255 Fortune Parkway for $11.8 million.
Graham & Co. sold a building at 10255 Fortune Parkway for $11.8 million.
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Graham 10255 Fortune LLC, affiliated with Birmingham, Alabama-based Graham & Company, announced Dec. 20 it sold Gran Park at the Avenues, Building 500, for $11.8 million.

The 72,000-square-foot flex office/industrial property was 100% leased to six tenants, it said.

Graham & Co. Vice President of Acquisitions Matthew Graham said JAMC Capital LLC bought the property at 10255 Fortune Parkway.

Graham & Co. said the property was 33% leased when it bought it in 2018.

The property previously was leased to a for-profit university, which “presented several challenges to meet today’s office and industrial use but represents a great investment for the buyer.”

“Special thanks are owed to Gary Marcy with CBRE and Griffin Holtsinger of Holtsinger Construction for the countless hours both individuals worked to obtain a diverse and high-quality tenant base for Gran Park,” said Matthew Graham in a news release.

Mike Harrell and Marcy with CBRE represented Graham & Co. in the sale.

The release said Mike Bogle and Ben Stewart with CBRE represented the buyer.

“Graham & Company and its affiliates remain active in the Jacksonville market and continue to seek opportunities for investments and developments,” the release said.

Graham Capital, a real estate investment company formed in 2021, recently purchased three warehouses in Jacksonville.  

Graham Capital spent $24.85 million Aug. 18 for warehouse properties in West Jacksonville totaling 375,279 square feet of space.

Founded in 1978, Graham & Company is a full-service commercial real estate firm with offices in Birmingham and Huntsville, Alabama, and Panama City in the Florida Panhandle.



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