FRIDAY December 18, 2020
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Ash Properties wants to start interior work at old Kmart
Daily Record
Corner Lot Living moving headquarters to Riverside
JACKSONVILLE
The commercial real estate company intends to remodel and expand the Mandarin store for retail tenants.
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BY KAREN BRUNE MATHIS EDITOR
Partners LLP, led by its general partner, Thad McNulty. McNulty is president of Challen Asset Management. “Growth and jobs are important to Corner Lot. We have been blessed with our business growing through the pandemic, hence the need
Ash Properties wants to start work on remodeling the former Kmart along 9600 San Jose Blvd. toward converting it into a retail center for multiple uses. Jacksonville-based Ash Properties applied to the city for a permit for interior and exterior remodeling on the 95,662-square-foot building at a cost of $762,548. The work comprises interior demolition, storefront work, roofing and other work to convert the building into an empty shell in preparation for tenant build-out. Ash Properties also wants to expand the building by 16,011 square feet to 111,673 square feet of space, plans show. Ash Construction LLC is the contractor for the project. Doherty Sommers Architects Engineers Inc. is the project architect. Ash Properties has been working on the project for years. Through Atlantic Mini-Storage of America Inc., Ash Properties paid almost $4.39 million for the property Dec. 1, 2015. Kmart opened there 41 years ago and closed in 2016. It continued to lease the property until parent company Sears Holdings Corp. filed for Chapter 11 bankruptcy protection in October 2018. Ash Properties said in October 2019 that it intended to renovate the building for several large and possibly a few smaller tenants. Ash Properties principal Elaine Ashourian said at that time the Jacksonville-based commercial real estate development company
SEE MATHIS, PAGE 2
SEE MANDARIN, PAGE 2
JACKSONVILLE
Photos special to the Daily Record
Corner Lot Development Group paid $1.75 million for this historic building at 819 Goodwin St. along the St. Johns River in Riverside.
KAREN BRUNE MATHIS EDITOR
Corner Lot Development Group bought the historic riverfront office building at 1819 Goodwin St. where it plans to relocate its multifamily division.
Jacksonville-based Corner Lot Development Group bought a riverfront office building in Riverside to relocate its Corner Lot Living headquarters from San Marco. Corner Lot Living is the company’s multifamily division. Corner Lot will move five of its 10 employees to the location and add three more. Through CLDG HQ 2 Holdings LLC, Corner lot paid $1.75 million for the historic two-story, about 4,000-square-foot office building at 1819 Goodwin St. along the St. Johns River. The Corner Lot Companies CEO Andy Allen said Dec. 14 the property will become the Corner Lot Living headquarters by midyear. Allen estimates the total investment in the purchase, dock and minor interior build-out at $2 million. The building is at Goodwin Street and River Boulevard. Property records show it was built in 1913. It currently is the headquarters for Challen Asset Management LLC. Allen said it will continue to be leased until Corner Lot Living moves in. Corner Lot bought it Nov. 19 from Goodwin
Corner Lot Development Group CEO Andy Allen and COO George Leone.
J.C. Penney store sold as part of bankruptcy deal As J.C. Penney Co. Inc. exited bankruptcy Dec. 7, the company sold its Jacksonville store property at The Avenues mall to a new real estate company formed in the Chapter 11 reorganization. While the property was sold, the store at 10308 Southside Blvd. remains open. A deed filed Dec. 7 in Duval County shows The Avenues store at 10308 Southside Blvd. was sold to an entity called Store 2430 LLC for $5.445 million. Florida corporate records show Store 2430’s address at the former Plano, Texas, headquarters office of J.C. Penney.
VOLUME 108, NO. 24• ONE SECTION