MONDAY July 19, 2021
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Daily Record JACKSONVILLE
St. John’s Town Center North sells for $44M
DEVELOPMENT
Bestbet plans St. Johns Daily Record poker, wagering facility JACKSONVILLE
Miami-based Core Investment Properties Fund purchased the shopping center June 29.
Daily Record Daily Record JACKSONVILLE
BY KATIE GARWOOD STAFF WRITER
The St. John’s Town Center North shopping center sold June 29 for $44 million, according to a deed recorded with Duval County Clerk of Courts on July 12. J.P. Morgan Chase Bank issued a $26 million mortgage to the buyer, Miami-based Core Investment Properties Fund. The Publix-anchored property at 4413 Town Center Parkway sits on 14.19 acres and was built in 2007. The shopping center is fully leased to tenants including Aveda, Five Guys Burgers and Fries, The Bread & Board, The Loop, Weight Watchers and Sports Clips. The property includes three outparcels occupied by Tropea Dental Care, 145-Degree Seafood Boil and SunTrust Bank. Glendale, California-based American Realty Advisors LLC had owned the property since 2010. Core Investment buys groceryanchored and experience-oriented retail properties in Florida. It owns and manages more than 2 million square feet of space. JLL Capital Markets’ Danny Finkle and Eric Williams represented the seller in the transaction. The Shopping Center Group Senior Vice President Stephanie McCullough said her group partnered with JLL on listing the property. TSCG has managed and leased the shopping center since American Realty Advisors purchased it in 2010. KGARWOOD@ JAXDAILYRECORD.COM (904) 356-2466
FUTURE BESTBET
Bestbet, which operates gaming facilities in Jacksonville and Orange Park, plans to open a facility off Florida 207 and Interstate 95 in St. Johns County.
JACKSONVILLE Florida 207
Interstate 95
The bestbet at 201 Monument Road in Regency. The company also wants to renovate the facility as it new headquarters.
The county issued a building permit July 15 for the 40,673-square-foot venue near Florida 207. BY KATIE GARWOOD STAFF WRITER
The planned bestbet site in St. Johns County.
In a return to St. Johns County, bestbet plans to build a poker room and simulcast wagering facility near St. Augustine. St. Johns County issued a building permit July 15 for bestbet to construct a 40,673-square-foot facility at 800 Marketplace Drive in St. Johns County. It is off Florida 207 and Interstate 95 near the former St. Augustine Flea Market. Bestbet, which operates gaming venues in Jacksonville and Orange Park, operated a poker room and greyhound track along Race Track Road until 2012. It sold that 100-acre
site in May to Gatlin Development Co. for $16.5 million. “After the sale of the St. Johns County properShelton ty we previously operated under our license in the county, bestbet has been examining various sites in the area and we are now moving forward with our next and newest facility which will be able to offer many of the same exciting entertainment options as we offer in both Orange Park and Jacksonville,” bestbet President Jamie Shelton said in an email. SEE BESTBET, PAGE 2
Whataburger on the way to Mandarin The Ferber Co. is preparing to build a Whataburger at 10600 San Jose Blvd. at a former Wells Fargo branch location that is being demolished. The city is reviewing civil engineering plans and a permit application for the $2.37 million construction of a 3,751-square-foot Whataburger on 1.38 acres at southwest San Jose Boulevard and Hartley Road. Kimley-Horn and Associates Inc. is the civil engineer. Eleven 18 Architecture of Orlando is the architect. Realco Recycling Co. Inc. is demolishing the former bank office. Ferber, based in Ponte Vedra Beach, paid $1.4 million on April 5 for the property.
VOLUME 108, NO. 171 • ONE SECTION