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April 15-21, 2021
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JACKSONVILLE
Record & Observer COMMERCIAL REAL ESTATE ISSUE
THE MARKET DRIVERS Record & Observer JACKSONVILLE
BY KAREN BRUNE MATHIS
FELLOW FIGHTING ILLINI
T Record & Observer EDITOR
he Jacksonville area’s
JACKSONVILLE 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.
PAGE 4
million, comprising warehouses, apartments, health care and
senior living facilities, as well as
a Downtown JACKSONVILLE hotel. From January
Record & Observer
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
What’s Trending: Stein Mart bankruptcy deal approved PAGE 2 The Marbut Report: Equal pay a priority for FAWL leader PAGE 14 The top 10 sales of the week in residential real estate PAGE 16
THE BASCH REPORT
CEO says Rayonier AM shedding ‘noncore’ assets Company focusing on cellulose specialties. PAGE 12 VOLUME 3, NO. 46 • ONE SECTION
