THURSDAY April 15, 2021
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Daily Record JACKSONVILLE
COMMERCIAL REAL ESTATE ISSUE JACKSONVILLE
THE MARKET DRIVERS Daily Record BY KAREN BRUNE MATHIS
FELLOW FIGHTING ILLINI
T Daily Record EDITOR
he Jacksonville area’s top 10 first-quarter
commercial real estate sales topped $326.5
Scott Gendell and his wife, Lisa, formed Terraco Real Estate Development & Management, based in Wilmette, Illinois, a North Shore suburb of Chicago, in 1985. Gendell, who recently bought the Monument Landing shopping center in Arlington, is expanding his real estate business to Jacksonville in part because of his connection to Jacksonville Jaguars owner Shad Khan.
JACKSONVILLE
PAGE 4
million, comprising warehouses, apartments, health care and
senior living facilities, as well as
Daily Record
a Downtown hotel. From January
JACKSONVILLE
through March, Duval County
dominated the biggest transactions,
with one distribution center in Clay. In this issue, we profile some of the people, transactions and trends of the Northeast Florida market.
MORE INSIDE Emerald C’s finds a new home in Talleyrand.
PAGE 6 JAXUSA Partnership President Aundra Wallace on his outlook for the rest of this year.
PAGE 7 Chase Properties sells the Reddi-Arts site in San Marco.
PAGE 8 The top commercial sales in the first quarter.
PAGE 10 Special to the Daily Record
THE BASCH REPORT
CEO says Rayonier AM shedding ‘noncore’ assets Company focusing on cellulose specialties. PAGE 12 VOLUME 108, NO. 106 • TWO SECTIONS