search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsVornado nabs $34M deal at 220 Central Park SouthVornado nabs $34M deal at 220 Central Park South
South Florida

Miami-based Saglo buys Jacksonville retail center

Beauclerc Village in Jacksonville
Beauclerc Village in Jacksonville

Miami-based Saglo Development entered the north Florida market by acquiring a Jacksonville shopping center for $5.5 million.

The new addition to Saglo’s portfolio of shopping centers is Beauclerc Village, a 68,846-square-foot property that is 88 percent leased.

The Jacksonville shopping center’s anchor tenants are Big Lots, Ace Hardware and Save A Lot.

Sign Up for the undefined Newsletter

Brokerage firm Cushman & Wakefield brokered Saglo’s acquisition of Beauclerc Village and InterCredit Bank financed the acquisition.

Saglo is attracted to the shopping center because it is located at the intersection of two major retail corridors in Jacksonville and lacks retail competition to the north.

Saglo’s acquisition team, Hue Chen and Kristina Remington, handled  the deal for the Miami-based shopping center investment company.

Sago owns more than 1 million square feet of shopping centers in Florida and is seeking additional acquisitions.

Tags
DevelopmentRetail Market