NAI Hallmark Partners Brokers Sale of Southpoint Suites Buildings I & II, Located in the Southpoint Business Park of Jacksonville
JACKSONVILLE, FLORIDA – July 10, 2017 – Keith Goldfaden and Daniel Burkhardt of NAI Hallmark Partners announced today that they represented the seller in the sale of Southpoint Suites Buildings I and II. The Property, located in Southpoint Business Park, one of the top performing office submarkets in the city, consists of 48,808 square feet in two buildings. A private investor acquired the property for $2.6 million and plans on continuing to operate the Property as executive office suites.
“We targeted a specific buyer pool for this property, given the current use is executive suites,” said Daniel Burkhardt, Vice President of NAI Hallmark Partners. “Southpoint Suites was purchased by an investor as part of a 1031 exchange because the Property offered attractive in-place income in a desirable location near the intersection of I-95 and Butler Blvd. (SR 202).”
Keith Goldfaden, a Principal with NAI Hallmark Partners added, “This marks the fourth office property NAI’s investment sales team has sold within the Southpoint Business Park over the past 18 months with two additional properties currently under contract.”
About NAI Hallmark Partners
NAI Hallmark Partners was formed in 1993 as a full service commercial real estate company offering sales/leasing brokerage, property management and turnkey development services. NAI Hallmark Partners is currently involved in the leasing and/or management of a portfolio in excess of 4 million square feet in the Jacksonville market. In addition, the company has developed more than $400 million in commercial projects throughout northeast Florida.
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.