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The top 10 home sales of 2019 PAGE 3 Public legal notices begin on page 4
Daily Record JACKSONVILLE
City condemns Berkman II
THE MATHIS REPORT
Daily Record JACKSONVILLE
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JACKSONVILLE
Town Center One, Two sold for $107.1 million
San Francisco-based TPG Real Estate buys the Gate Parkway properties.
The city posted condemnation notices on the Berkman Plaza II structure Jan. 10.
Construction stopped on the vacant Downtown high-rise in 2007 and redevelopment efforts failed.
under construction next to Berkman Plaza II collapsed, killing one construction worker and injuring several others. A lawsuit and other court actions caused construction to stop. A deal fell through in April to turn the unfinished Berkman II into a 340-room hotel and resort, amusement park and parking garage by Barrington Development, through 500 East Bay LLC.
Developer John Carey said Jan. 13 that VanTrust Real Estate LLC’s design of the Town Center One and Town Center Two office buildings attracted the tenants and then a buyer for the Southside structures that were completed in the past two years. “Both those buildings proved Carey that worked out rather well,” said Carey, executive vice president of VanTrust, a Kansas City-based company. TPG Real Estate of San Francisco paid $107.1 million for the property in deeds executed Jan. 7. TPG Real Estate paid $42.61 million for Town Center One. Availity Inc. anchors the five-story, 160,196-square-foot office building developed in 2018 on 10.59 acres at 5555 Gate Parkway. It is 94 percent leased. TPG Real Estate paid $64.52 million for Town Center Two.
SEE BERKMAN, PAGE 2
SEE MATHIS, PAGE 3
BY MIKE MENDENHALL STAFF WRITER
The vacant Berkman Plaza II high-rise Downtown on East Bay Street could be demolished now that the city condemned the riverfront property. The city posted a notice Jan. 10 on the property notifiying owner 500 East Bay LLC that the property at 500 E. Bay St. is in violation of the city’s ordinance code. City Director of Public Affairs Nikki Kimbleton said Jan. 13 that code enforcement officers moved forward with a notice after a complaint from a resident in the neighboring The Plaza Condominiums at Berkman Plaza & Marina. Kimbleton said there is no date scheduled for demolition. “Part of the process is the signs are posted while code enforcement investigates,” she said. According to the posted notice, the city has deemed the building unsafe and the city is requiring 500 East Bay LLC to bring the structure up to code.
KAREN BRUNE MATHIS EDITOR
Photos by Mike Mendenhall
Work on the Berkman Plaza II condominium tower at 500 E. Bay St. stopped in 2007 after a parking garage under construction adjacent to the structure collapsed, killing one worker.
The documents state the building also is in violation because of damaged fencing; garbage, trash, rubbish and debris; overgrown vegetation; and “graffiti markings or artwork which contributes to neighborhood blight or other blighted conditions.” Developers designed the building as the second phase of construction next to The Plaza Condominium at Berkman Plaza & Marina. In December 2007, the parking garage
TRUaire warehouse sold for $13.96M Stone Mountain Industrial Park Inc. sold the almost 220,000-square-foot TRUaire Industries Inc. warehouse on 13.6 acres in NorthPoint Industrial Park to owners of the HVAC company. U&Y Investments FL LLC, led by the owners of TRUaire in Santa Fe Springs, California, paid $13.96 million for the North Jacksonville property at 12128 New Berlin Road, according to a deed executed Jan. 2. The Florida LLC is based at the New Berlin Road property. TRUaire makes grilles, registers and diffusers for the residential and commercial HVAC market.
VOLUME 107, NO. 40 • ONE SECTION