HFF Arranges $2.8 Million Sale of Mixed-use Office and Retail Center Near Jacksonville, Florida

6/28/16

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged the $2.8 million sale of Doctors Inlet Center, a 95,096-square-foot mixed-use retail and office center in the Jacksonville-area community of Middleburg, Florida.

HFF marketed the asset on behalf of Maple Blue Way, LLC, an entity related to Garrison Investment Group. Big Score Investors, LLC, a private company based in the Dallas suburb of The Colony, Texas, was the buyer.

Situated on 5.6 acres at 400-420 College Drive, Doctors Inlet Center is located at the epicenter of Clay County’s largest healthcare providers: the 297-bed Orange Park Medical Center, 124-bed St. Vincent’s Medical Clay County and outpatient facilities Nemours Children’s Specialty Care Fleming Island and Baptist Clay Medical Center. Constructed in 2006, the center consists of two 47,548-square-foot, two-story buildings and is home to a variety of retail and office tenants, including Anytime Fitness.

The HFF investment sales team representing the seller was led by associate directors Whitaker Leonhardt and Sean Ryan.

”True value-add acquisition opportunities are fewer and further between and continue to command the attention of active investors,” Leonhardt said. “The center has a good base of existing tenants to build from the quality of construction.”

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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