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Blockchain,
Smart Contracts,
and Commercial
Real Estate
By Luke Feldman
& Christian Harden
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For most people, 2017 was the year they heard about bitcoin and learned enough about the cryptocurrency to forget within 24 hours. We've all had that friend claiming to be a brilliant investor because they bought $50 worth of litecoin and ethereum before prices exploded in late October. We've all heard how cryptocurrency is the future of finance. While there might actually be some truth in that statement, we in commercial real estate are more intrigued by the endless possibilities of blockchain. Blockchain is the actual basis of bitcoin technology, and it will certainly impact the way real estate professional conduct business in the future.
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UNDER CONTRACT
39,786 SF Industrial
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FOR SALE OR LEASE
6,300 SF Retail/Office
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FOR LEASE
4,105 SF Office/Medical Space
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3633 St Augustine Road
Jacksonville, FL 32207
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2601 N Ponce De Leon Blvd
St Augustine, FL 32084
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6820 Southpoint Parkway
Jacksonville, FL 32216
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PROPERTY FLYER
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__________________
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FOR SALE
100% Developable 5.1 Acres
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FOR LEASE
Up to 2,374 SF Professional Office
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FOR SALE
New Construction Office Condos
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Visibility from I-295
3029 St John's Bluff Road
Jacksonville, FL 32216
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KingSouth Office Park
9310 Old Kings Road S, #1703-1704
Jacksonville, FL 32257
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Durbin Station
Corner of St Johns & Longleaf Pine
St Johns, FL 32259
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__________________
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__________________
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Recent NAI Hallmark Transactions - Sale & Lease
- Prestige Settlement & Title leased 1,680 SF in Baymeadows Business Park. Email for details
- CE Broker renewed 5,412 SF in The Concourse Buildings. Email for details
- Bilingual Speech and Language Therapy leased 600 SF at 5600 Spring Park Road. Email for details
- Itel signs lease for 24,926 SF at 95 Corporate Center. Email for details
- STV renews and expands into 12,393 SF at The Concourse Buildings. Email for details
- Mid-Florida Dermatology Associates moves into 1,763 SF in St Augustine. Email for details
- Elevate Business Law moves into 1,635 SF in The FirstAtlantic Bank Building. Email for details
- R.R. & F. Logistics moves into 3,761 SF in Butler Pointe. Email for details
- nThrive renews and expands into 8,114 SF at Butler Pointe. Email for details
- Creative Grain Studios leases 2,049 SF at Beach Plaza City Center. Email for details
- Ashley Furniture renews 52,600 SF at Flagler Center. Email for details
- PT Transport moves into 1,400 SF at Butler Pointe. Email for details
- Senior Home Care renews and expands into 4,866 SF at Park Lake Plaza. Email for details
- 300 West Adams, a 34,781 SF downtown office building sold for $3,450,000. Email for details
- Cannady Survey purchased a 1 acre lot on Scott Mill Lane for $205,000. Email for details
- Everett Financial moved into an executive suite at Enterprise Center. Email for details
- Accelerated Tax Solutions renewed 4,662 SF at Baywood Center. Email for details
- Tech Packaging moved into 3,551 SF in FirstAtlantic Bank Building. Email for details
- Rock Creek Capital Group renewed 3,292 SF in the Itera Building. Email for details
- Commercial Design Services moved into 14,000 SF in the Monterey Building. Email for details
- Hayley Woolfson, DMD leased 1,400 SF in Yulee. Email for details
- Crew Training International moved into 3,200 SF at Lakeside Plaza. Email for details
- Global Infonet moved into 1,558 SF at Lakeside Plaza. Email for details
- Quicken Tax Relief moved into 3,755 SF at Butler Pointe. Email for details
- Hickson Medical Building, a 16,288 SF office sold for $790,000. Email for details
- Physician's Exclusive moved into 3,422 SF at Enterprise Center. Email for details
- Partner Engineering and Science moved into 1,705 SF at Baywood Center. Email for details
- Point of Dance moved into 1,400 SF at 5600 Spring Park Road. Email for details
- Avenues North Commerce Park, a 6,078 SF industrial condo leased. Email for details
- The Tom James Company, expanded into 2,544 SF at Baywood Center. Email for details
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January 17
Jacksonville Business Journal
January 16
Progressive Grocer
January 12
Atlanta Journal Constitution
January 11
Jacksonville Business Journal
NAI Global
December 15
Florida Trend
Jacksonville Daily Record
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Get to know your property manager
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Dane C. Hurst
Property Manager
Responsibilities at NAI Hallmark:
Property manager working with various owners over a wide range of property types
Family:
Jessica, Stepp (6) and Norma Jean (2)
Hidden talents most people don't know about:
Not sure how talented at any of these but when I have the time I enjoy fly fishing, DIY projects and yoga.
Proud accomplishment:
I am proud of my marriage, my children, my friendships and the 8 pound carp I caught in Virginia on a fly that I tied.
Favorite sports team:
Gators, Jags, Washington Nationals
Favorite music group:
Music tastes evolve...right now I'm into Sturgill Simpson, Tyler Childers, Flatland Cavalry and all the songs from the Sound of Music which is my daughters favorite movie and burned into brain whether I like it or not.
Guilty pleasure:
Fried chicken. I don't care where it's from. I love it.
Bucket List:
Fishing for brown trout with my son in New Zealand.
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March 1 - 2, 2018
Waldorf Astoria Orlando
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NAI Hallmark is proud to sponsor the 2018 Real Estate Trends & Strategies Conference hosted by the Bergstrom Center.
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How Automation Moves Cities
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February 20, 2018
University of North Florida
Jacksonville, FL
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Autonomous vehicle (AV) technology is changing the way we move through cities. Join JAX Chamber and U.S. Chamber Technology Engagement Center (C_TEC) for a forum on the intersection of transportation and technology.
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Jacksonville Market Snapshot
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Total Transaction Volume - Fourth Quarter 2017
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Totals
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# of Properties
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Price Per Unit or $/SF
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Retail
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$86 million
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50
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$239
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Multi-Family
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$574 million
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37
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$63,407
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Office
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$40 million
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21
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$96
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Industrial
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$98 million
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21
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$56
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Totals
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$798 million
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129
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Selected Transactions - Fourth Quarter 2017
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INDUSTRIAL
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Date
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SF
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Price/SF
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| 4150 Perimeter Industrial Pky |
11/17
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$30,350,000
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245,039
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$124
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2855 Faye Rd
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11/17
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$24,380,000
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360,998
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$68
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| Westlake Industrial Park |
11/17
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$21,620,000
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400,000
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$54
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| 11902 Central Pky |
11/17
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$6,100,000
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85,259
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$72
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Background & Experience
Jason Purdy joined the NAI Hallmark team in 2016 as a sales associate. Mr. Purdy began his career in Jacksonville with Merrill Lynch Wealth Management providing customer service to equity plan participants. As a FINRA Series 7 and Series 66 licensed financial advisor, Mr. Purdy transitioned to Merrill Edge where he provided holistic financial advice to mass affluent clients.
Education
Mr. Purdy has a BA in Finance and Management from Ouachita Baptist University, where he was Captain of the Men's Swimming and Diving Team and also an NCAA Division II Honorable Mention Academic All-American. After graduation, he obtained his MBA from the University of West Florida.
Professional Affiliations & Designations
Mr. Purdy is on the NAIOP Developing Leaders Board. He is also an active member of Ortega United Methodist Church. Mr. Purdy continues to be involved with Ouachita Baptist University's swimming alumni. More recently, Mr. Purdy has enjoyed competing in triathlons and recently completed IRONMAN Florida in 2017.
Significant Transactions
Mr. Purdy has completed significant transactions with EastGroup Properties, Corr Digital, RJ Young, Ashley Furniture, and Pepsi.
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SOLD
Property: Avenues Business Center
Size: 2,400 square feet
Date: December 2017
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LEASED
Property: Liberty Business Park
Tenant: Critical Alert
Size: 15,758 square feet
Date: January 2018
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LEASED
Property: Interstate Distribution Center
Tenant: Piedmont National
Size: 35,336 square feet
Date: January 2018
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LEASE RENEWED
Property: Flagler Center
Tenant: Ashley Furniture
Size: 52,600 Square Feet
Date: December 2017 |
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NAI Hallmark welcomes
Matt McCarthy
Please join us in welcoming Matt McCarthy, Broker Associate to our NAI Hallmark team! Matt has almost 10 Years of sales experience and focuses his expertise on commercial real estate in the Beaches Submarket.
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Christian Harden welcomes 3rd child
On September 9 at 3:43 pm, Christian and his wife Stephanie welcomed their third child. A baby girl, named Zoey Alexandra Harden, was 8 pounds 14 ounces.
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Dreams Come True
In preparation of the holiday season, Daniel Burkhardt and Jason Purdy delivered a Thanksgiving basket to the Morris family on behalf of Dreams Come True. The family was very appreciative, especially Evie!
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Jason Purdy completes Ironman
At NAI Hallmark ANYTHING IS POSSIBLE! A big shout out to our Associate, Jason Purdy for completing the IRONMAN in Panama City.
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