An office building in Baywood Center in Baymeadows sold Oct. 9 for $7.75 million.
The building at 9428 Baymeadows Road sits behind two smaller buildings owned by Memorial Healthcare Group. It is about 0.6 miles east of Interstate 95 on the south side of Baymeadows.
Jacksonville-based Acorn Property Holdings sold the building through Acorn Baywood LLC, commercial real estate firm NAI Hallmark said in an Oct. 14 news release.
Cato Holdings LLC of Akron, New York, bought the property through 9428 Baymeadows Road II LLC.
Cato Holdings says on its website it is a family-owned company formed in 2007. It shows properties in Florida in Tampa and St. Petersburg. It also has properties in Idaho, New York and Tennessee.
Acorn Property Holdings LLC is a privately held commercial real estate company that says it owns and manages commercial office space in Jacksonville’s suburban markets.
Daniel Burkhardt, Keith Goldfaden and Alex Caliel of NAI Hallmark represented the seller.
Built in 1985, the six-story, 115,096-square-foot building is on 5.54 acres. It has been renovated several times, the release said.
“Jacksonville’s office investment market continues to show encouraging signs of activity and capital inflow,” Burkhardt, NAI Hallmark senior vice president, said in the release.
“Transaction velocity has strengthened throughout 2025 as investors continue to bet on Jacksonville’s growth story and the long-term fundamentals driving demand across the office sector.”
The building last sold for $6.8 million in 2010.