Press Release brought to you by NAI Hallmark

NAI Hallmark and NAI Southcoast Brokers Sale of Wells Lake Commerce Center for $6,795,000 located in Orange Park, Florida (Jacksonville MSA)

10/11/2018

Jacksonville, Florida — October 9, 2018 — Keith Goldfaden, Daniel Burkhardt and Luke Feldman of NAI Hallmark and Stuart Duffin of NAI Southcoast announced today that they represented the seller in the sale of Wells Lake Commerce Center (320 - 350 Corporate Way, Orange Park, Florida 32073). Located in the northern region of Clay County, the business park consists of four single-story office buildings totaling 52,620 square feet. An affiliate of Lat Purser & Associates, a full service real estate company based in Charlotte, NC, acquired the property for $6,795,000 ($129/SF).  

“The combination of its desirable location, institutional quality, consistent historical occupancy and strong cash flow with upside allowed us to achieve a strong sales price for our client” said Daniel Burkhardt, Vice President of NAI Hallmark.

Keith Goldfaden, a Principal with NAI Hallmark added, “We continue to experience strong investment demand throughout the Jacksonville MSA.  In Clay county, specifically, buyer interest is as strong as we have ever seen it; driven by strong population and employment growth and the future completion of the outer beltway.

Wells Lake Commerce Center is currently 81% occupied, including tenants such as Maple Street Biscuit Company, Cemex, Kindred Healthcare, Wyle Laboratories, and others.

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 5.5 million square feet of office, industrial and retail properties in the Jacksonville market. In addition, the company has developed more than $450 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.

To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

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NAI Hallmark

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