The Orange Park Mall sold for $60.5 million, according to Clay County Clerk of Court records.
The deed shows a sale date of Aug. 20. The sale was recorded Aug. 22.
Boca Raton-based Second Horizon Capital announced it bought the 950,000-square-foot center at 1910 Wells Road from Washington Prime Group on Aug. 19. It did not disclose the sales price.
Second Horizon Capital bought the mall through Wells OP Holdings LLC. Washington Prime Group sold it through Orange Park Mall LLC.
The sale comprises two parcels totaling 59.6 acres. Other property that makes up the total 77-acre mall area is separately owned.
Second Horizon said in an Aug. 20 news release it plans immediate investments in the mall, including upgrades to common areas, safety, infrastructure and community programs.
The firm also said it “will expand the mall’s programming calendar and foster more local partnerships to support its ongoing role as a community hub.”
“Throughout its 50-year legacy, Orange Park Mall remains a core retail destination for the Clay County community and greater Jacksonville area,” said Second Horizon Capital Managing Partner and co-founder Howard Levine.
The mall opened Sept. 24, 1975.
“We see significant opportunities to strengthen this center through targeted investments in the center’s retail line-up, operating capabilities and community engagement,” Levine said. “Our focus is to help ensure that Orange Park Mall remains a welcoming and vibrant destination for residents, visitors and tenants for decades to come.”
The acquisition is Second Horizon’s sixth since its 2021 founding. Its portfolio includes malls in Illinois, Massachusetts, Utah, Arkansas and Virginia.
The company hired CBRE Group to manage the mall’s property and leasing.
Ohio-based Washington Prime Group put the mall up for sale in April along with the rest of its portfolio of shopping centers.
This story has been updated to correct the sale price.