Closing the Last Mile Gap
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On Tuesday, June 18th Florida Governor Ron Desantis signed a bill – HB 453 – legalizing electric scooters in Florida. This bill went into effect immediately, giving local jurisdictions the responsibility of further regulation.
As many people have witnessed in the past year and a half, companies such as Lime, Bird, and Uber have taken cities by storm with dockless electric scooters. Beginning in September 2017, Bird planted a swarm of scooters throughout the city of Santa Monica in the middle of the night with no warning and since then, the trend has taken off.
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Bird Scooters | Image by
Bird
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Q2 2019 Jacksonville Market Report
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Industrial Absorption & Vacancy
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Office Rental Rates & Vacancy Trends
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As Northeast Florida’s main logistics and distribution hubs, Jacksonville continues to see strong momentum in the industrial market from both national and international companies. In recent quarters, the market has seen an uptick in demand and strong rent growth hovering 200 basis points above the historical average. Construction of new manufacturing facilities has given the metro some of the highest levels seen this cycle which could increase supply-side pressure in years to come.
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Medical Center of Mandarin
Located in the Mandarin office submarket of Jacksonville in close proximity to upscale residential neighborhoods, national retailers, restaurants and other nearby amenities. Sits adjacent to Winn-Dixie anchored shopping center.
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properties.naihallmark.com
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Riverside Village
Riverside Village is a high quality 18,180 square foot redevelopment property situated on the northwest corner of Riverside Avenue and Memorial Park Drive in a historic community just southwest of downtown Jacksonville, Florida. Riverside Village ...
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properties.naihallmark.com
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5711 Richard Street
One acre commercial parcel between Bowden Road and University Boulevard. Located just west of the I-95 and Bowden Road interchange with over 144,000 average daily traffic in the Butler Corridor Submarket. Approximately 150' of frontage on both...
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properties.naihallmark.com
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Lakeside Plaza
NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire Lakeside Plaza located at 8665-8669 Baypine Road in Jacksonville, Florida. The Property consists of a three-story, multi-tenant office for a total of 70,186 SF.
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properties.naihallmark.com
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NAI Hallmark's Investment Sales team represented the seller in the sale of The Bankers Life Building, located at 6620 South Southpoint Drive. The Property is a six-story, multi-tenanted, Class B office building consisting of 59,451 rentable square feet.
“The Bankers Life Building was purchased by a private investment group attracted to the property’s in-place cash flow and desirable location near the intersection of I-95 and Butler Boulevard,” said Daniel Burkhardt Vice President of NAI Hallmark.
The
transaction closed at $4,332,500.
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NAI Hallmark office specialists represented the seller, Dr. Frank Schiavone, in the sale of 9191 RG Skinner Parkway in Jacksonville, FL. The single-story building consists of 5 individual condo units totaling 6,000 square feet located near I-295 and Baymeadows Rd.
“The Property was purchased by an owner occupant who was attracted to the property because of its current layout and ease of access to I-295 and Butler Boulevard. The previous tenant was Advanced Dermatology, which allowed the buyer to perform minimal renovations after the purchase for a similar medical use,” said Patrick Carney, Associate.
The transaction closed at $1,080,000.
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Top 20 Most Recent Transactions
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RLFED Fleming, LLC
purchased Fleming Island Business Park - Phase I, 75,669 SF for $9,176,000
Tel Aviv Florida LLC purchased The Bankers Life Building, 59,451 SF for $4,332,500.
Padgett Premier Properties, LLC purchased Oak Grove Plaza, 49,338 SF for $2,857,147.
Made In Space leased 19,381 SF in Baymeadows Business Center for $2,077,564.
Lil Voyagers leased 6,000 SF in The Fountains for $1,692,540.
Trane Corp leaded 81,361 SF at LakePointe Business Park for $3,164,255.
Surgical Center of Greater Jacksonville leased 6,817 SF at Exchange South for $1,230,774.
Gannett Fleming, Inc. leased 4,250 SF at Park Lake Plaza for $1,224,952.
Levenson Eye Associates leased 8,200 SF at 751 Oak St. for $1,131,070.
AAAT Properties purchased 9191 R.G. Skinner, 6,000 SF for $1,080,000.
feature[23] leased 7,340 SF at 100 North Laura for $1,068,557.
Bill2Pay, LLC leased 7,104 SF in Baywood Center for $740,513.
CAN Foundations, LLC purchased 11643 Beach Blvd., 6,200 SF for $696,300.
Alpha Wave Health Centers leased 4,114 SF at Enterprise Center for $607,4430.
Vital Pharma leased 15,000 SF at Deerwood Distribution Center for $567,400.
Marcus & Milichap leased 4,404 SF at Concourse for $566,766.
Brown Jordan leased 18,294 SF at Gateway Commons for $553,485.
DRMP, Inc. leased 14,381 SF Belfort Park for $541,467.
Hair Club for Men leased 2,917 SF at Concourse for $536,611.
Nail Lounge leased 1,590 SF in The Shoppes at Murabella for $461,060.
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Sarabeth Lewis Joins NAI Hallmark as Associate, Office Specialist
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We are proud to announce the addition of Sarabeth Lewis to the firm as an Associate. In her role she will be working with tenants to leverage their real estate through lease relocations, expansions, renewals, site selection, building purchases, and build-to-suits.
www.naihallmark.com
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Matt Salane joins NAI Hallmark as Facilities Manager
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Mattew Salane joins NAI Hallmark with over 15 years of experience in site and facilities management. Prior to NAI Hallmark, Mattew served as Facilities Manager for Jacksonville law firm Rogers Towers, P.A.
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Matt Lambert joins NAI Hallmark as Building Engineer
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Matt Lambert
has significant experience in facilities maintenance, particularly in the banking and financial sector. He joins NAI Hallmark from CBRE, where he spent 10 years as the Building Engineer for several Wells Fargo locations throughout Jacksonville.
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July 11
National Real Estate Investor
July 8
Florida Trend
July 8
Commercial Property Executive
July 2
Jacksonville Business Journal
July 2
National Real Estate Investor
June 28
Jacksonville Business Journal
June 24
National Real Estate Investor
June 12
National Real Estate Investor
May 28
SIOR Pulse
May 22
Jacksonville Daily Record
May 20
Commercial Property Executive
April 24
Commercial Property Executive
April 23
Jacksonville Daily Record
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ICSC Florida
Conference & Deal Making
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August 25-27
Orange County
Convention Center
Orlando, FL
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Regional Deal Makings are a one-stop for education, networking and deal making. These two-to-three day regional events provide opportunities to gain information about the most current industry issues, and meet and make deals with colleagues doing business in the same region.
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September 9-12
The Cosmopolitan
Las Vegas, NV
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The NAI Global Convention is a 3½-day business networking event at which you will receive education, advanced sales training (certificate available), social media training (certificate available), best practice sharing as well as networking and deal making opportunities. This year we are pleased to include 4 high-profile keynote speakers.
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CCIM Annual Governance
Meetings 2019
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October 11-16
Manchester Grand Hyatt
San Diego, CA
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Held twice a year, these meetings empower CCIM Institute members to shape the future of the organization and its role in the commercial real estate industry. The schedule of events also includes the CCIM Global Conference, the Comprehensive Exam and Pinning Ceremony, the inaugural ball, and more opportunities to connect with CCIMs and other influential professionals.
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How may we help with your commercial real estate needs?
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Keith Goldfaden
Managing Partner, Investment
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Christian Harden
Managing Partner, Brokerage
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Jeff Conn
Co-founder & Principal
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Alex Coley
Co-founder & Principal
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Patrick Thornton
Principal
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M
ike
M
aschmeyer
VP Land & Development
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Daniel Burkhardt
VP, Investment
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Bryan J. Mickler
VP, Retail
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Carmen Mantay
VP, Brokerage
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Jason J. Purdy
VP, Industrial
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Eric Yi
Senior Associate, Retail
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Patrick Carney
Associate, Office
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Luke Feldman
Associate, Investment
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Sarabeth Lewis
Associate, Office
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Jennifer Beerli
Director of Marketing
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Jenn Sefton
Marketing Coordinator
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Litsa Milonas
Opperations Coordinator
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NAI Hallmark is a full-service commercial real estate company specializing in sales and leasing brokerage, property management, corporate services and development in Northeast Florida. Established in 1993, NAI Hallmark is currently involved in the leasing and/or management of a portfolio in excess of 6.5 million square feet of office, industrial and retail properties in the Jacksonville market. In addition, the company has developed more than $400 million in commercial projects throughout northeast Florida. As a member of the NAI Global network, NAI Hallmark is also connected to the largest network of independent commercial real estate firms worldwide. Learn more at NAIHallmark.com.
NAI Hallmark © 2019 All Rights Reserved
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