Press Release brought to you by NAI Hallmark

NAI Hallmark Brokers Sale of 300 West Adams Street, Located in the Downtown Core of Jacksonville

12/05/2017

NAI Hallmark Brokers Sale of 300 West Adams Street, Located in the Downtown Core of Jacksonville

Jacksonville, Florida - December 5, 2017 - Keith Goldfaden and Daniel Burkhardt of NAI Hallmark announced today that they represented the seller in the sale of 300 West Adams Street.  The Property, located within walking distance to the County and Federal Courthouses and City Hall, is a six story, multi-tenant office building containing ±34,781 square feet.  A private investor acquired the property for $3,450,000 and plans on investing additional capital into the building.  

Keith Goldfaden, a Principal with NAI Hallmark said, “There was very strong demand for this property as investors see the positive momentum occurring in this area of downtown. This momentum started with the opening of the new county in courthouse in 2012 and was bolstered by the relocation of EverBank and Citizens Insurance to the adjacent office tower.  This submarket will continue to thrive as it benefits from several new apartment developments scheduled to open over the next few years.”

Daniel Burkhardt, Vice President of NAI Hallmark added, “It was a great experience to work on such a historic building in an exciting, growing area of downtown.  We garnered numerous offers on the property due to the location, tenant base, timeless architecture and value-add opportunity.  We are excited for what the new owner has planned for the building.”

NAI Hallmark’s Patrick Thornton and Patrick Carney will be engaged as the leasing agents and NAI Hallmark will handle the property management.

About NAI Hallmark

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 4 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.

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services.  NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global member firms span the US and 54 other countries, with 400 offices and more than 7,000 local market experts on the ground, completing $55 billion of transactions annually. Supported by the central resources of the NAI Global organization, member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

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NAI Hallmark

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