Monday, January 25, 2016

Marcus & Millichap Brokers $5.95 Million Sale of $100,000-SF Boulevard Corners Retail Property in Jacksonville, FL

Lori Schneider
JACKSONVILLE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Boulevard Corners, a 100,589-square foot retail property located in Jacksonville, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $5,950,000.

Lori Schneider, senior vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Brewster, NY and the buyer, a limited liability company from Miami Beach, Fla.

“The buyer was a Miami exchange buyer who was attracted to being able to purchase an anchored center in a dense Florida location at a low cost per square foot,” says Schneider.

Boulevard Corners is a 99 percent occupied retail center anchored by Staples and Habitat for Humanity ReStore, on an 8.6 acre lot.

 For a complete copy of the company’s news release, please contact:

Ryan Nee
Regional Manager
Fort Lauderdale, FL
(954) 245-3400

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