Top commercial sales of the week

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Baker, Clay, Duval, Nassau and St. Johns counties. The sales were recorded Nov. 14-20, 2022.

  • By Daily Record Staff
  • | 12:00 a.m. November 25, 2022
  • | 5 Free Articles Remaining!
The Loree, a 300-unit, 16-building apartment community at 8649 AC Skinner Parkway, was sold for $84.25 million. The Loree is south of Butler Boulevard and west of Southside Boulevard.
The Loree, a 300-unit, 16-building apartment community at 8649 AC Skinner Parkway, was sold for $84.25 million. The Loree is south of Butler Boulevard and west of Southside Boulevard.
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DUVAL

$84,250,000

8649 AC Skinner Parkway, Jacksonville

Type: The Loree apartments

Parcel size: 15 acres

No. of units: 300

Buyer: PRG Loree Associates LLC

Seller: MREF II Loree LLC and MREF III Loree LLC

Previous sale: $56,000,000 in 2017

CLAY

$51,300,000

1757 Theodora Lane, Fleming Island

Type: The Station Fleming Island

Parcel size: 11.37 acres

No. of units: 180

Buyer: AMZAK Station LLC

Seller: Bristol Fleming Island Partners LLC

DUVAL

$33,500,000

1201 Kings Ave., Jacksonville

Type: Sublease for Hilton Garden Inn and Homewood Suites by Hilton

Parcel size: 0.72 acre

Building size: 155,310 square feet

Buyer: EH22 LLC

Seller: LCP 1201 Kings Ave LLC, MV Hotel Associates I LLC, MSS Hotel Associates I LLC, GASS Hotel Associates I LLC and RSS Hotel Associates I LLC

DUVAL

$15,925,864

1331 Prudential Drive, Jacksonville

Type: Hampton Inn

Parcel size: 1.85 acres

Building size: 61,364 square feet

Buyer: Fortune Investments LLC, J&A Hotel Investments LLC, The Navroz F. Daju Revocable Trust and Hotel Development and Management Group LLC

Seller: Jacksonville Hotel Property Co. LLC

Previous sale: $16,900,000 in 2016

ST. JOHNS

$5,900,000

165 Veterans Parkway, Saint Johns

Type: O2B Kids

Parcel size: 1.9 acres

Building size: 11,738 square feet

Buyer: 4 J Exchange LLC

Seller: 165 Veterans Parkway LLC

DUVAL

$5,250,000

8220 Dix Ellis Trail, Jacksonville

Type: Motel

Parcel size: 3.71 acres

Building size: 44,060 square feet

Buyer: Jacksonville Portfolio Opportunity Phase III LP

Seller: Baymeadows Hotel 18 LLC

Previous sale: $3,225,000 in 2020

DUVAL

$4,772,796

7221 Normandy Blvd., Jacksonville

Type: Walgreens

Parcel size: 1.75 acres

Building size: 15,922 square feet

Buyer: HML LLC

Seller: DS Normandy Blvd Jacksonville FL Landlord LLC

Previous sale: $4,371,300 in 2022

ST. JOHNS

$4,410,000

Daymark Lane, St. Augustine

Type: 49 residential lots in Beacon Lake Phase 3B

Parcel size: Not available

Buyer: Toll Southeast LP Co. Inc.

Seller: Heartwood 23 LLC

ST. JOHNS

$4,025,000

210 Commerce Lake Drive, St. Augustine

Type: Retail

Parcel size: 2.14 acres

Building size: 13,859 square feet

Buyer: Fortec D LLC

Seller: Heavens Hidden Properties LLC

Previous sale: $1,620,000 in 2016

DUVAL

$3,200,160

Blanding Boulevard, Jacksonville

Type: Planned town homes

Parcel size: 17.36 acres

Buyer: Momentum Blanding LLC

Seller: Falcon Landing Apartments LLC

 

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