JACKSONVILLE, FL – (August 5, 2008) – GVA Advantis represented the Raabe Family Property, LLC in the sale of a .51-acre parcel in downtown Jacksonville, Duval County, Fla., for $1,400,000.00 or $63.49 per square foot. The 22,050-square foot parcel is located directly across the street from the site of the proposed new county courthouse. (above centered rendering)Monte Merritt, (top right photo) senior director for GVA Advantis, exclusively represented the seller, Raabe Family Property, LLC, a company based in St. Petersburg, Fla.
The buyer, Manhattan Condominium Development, Inc., is a Florida corporation based in Miami and was represented by Nancy Link, an 
independent Miami broker, in the transaction.
“This sale shows the revitalizing interest in the area surrounding the site of the new location for the much-anticipated new Jacksonville courthouse complex,” says Merritt. “The site was purchased on speculation that it might be used for downtown parking until the courthouse is constructed,” he adds.
Situated at the southeast corner of West Adams Street and Broad Street, the property is located in the heart of Jacksonville’s Central Business District. The vacant parcel was known as 516 West Adams Street before the building previously on the property was torn down.
CONTACT:
Lisa Hyde, Director of Marketing, Advantis Real EstateServices Company. 3000 Bayport Drive, Suite 100, Tampa, Florida 33607, Tel 813.342.4752, Fax 813.342.4004
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/
independent Miami broker, in the transaction.“This sale shows the revitalizing interest in the area surrounding the site of the new location for the much-anticipated new Jacksonville courthouse complex,” says Merritt. “The site was purchased on speculation that it might be used for downtown parking until the courthouse is constructed,” he adds.
Situated at the southeast corner of West Adams Street and Broad Street, the property is located in the heart of Jacksonville’s Central Business District. The vacant parcel was known as 516 West Adams Street before the building previously on the property was torn down.
CONTACT:
Lisa Hyde, Director of Marketing, Advantis Real EstateServices Company. 3000 Bayport Drive, Suite 100, Tampa, Florida 33607, Tel 813.342.4752, Fax 813.342.4004
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/
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