Transwestern marketing Jacksonville office complex

Miami /
May.May 29, 2016 09:00 AM

Transwestern will serve as exclusive sales agent for a complex of four Class A office buildings in Jacksonville valued at $35.25 million.

Bluerock Real Estate LLC owns the buildings at 6410-6440 Southpoint Parkway in Jacksonville, which have a total of 260,664 square feet.

The office complex, called Summit at Southpoint, is 92 percent occupied and its tenants include BB&T, Chicago Title, SP Fiber Technologies and U.S. Bank.

 Transwestern managing director John Bell, who is marketing Summit at Southpoint, said in a press release that comparable office space is scarce: “The lack of comparable vacant space in the [Southpoint] submarket creates an opportunity to supplement the existing cash flow through the lease-up of the asset’s remaining space in the landlord-favorable market.”

Summit at Southpoint is a campus-like property with a gym and a recreational gazebo among other on-site amenities. Restaurants, bakeries, cafes and hotels are located near the property, which fronts Interstate 95.

The office-vacancy in Jacksonville is 3.4 percentage points lower than a year ago, according to Bell.


Related Articles

arrow_forward_ios
From left: Jane Chefan, Daniel de la Vega and Jeffrey Chefan (One Sotheby's, First Coast)
One Sotheby’s acquires Jacksonville firm as it plans Sun Belt expansion
One Sotheby’s acquires Jacksonville firm as it plans Sun Belt expansion
From left: George Gleason the CEO of Bank OZK and Transwestern CEO Larry P. Heard, with 625 South Olive Avenue (Credit: Google Maps)
Transwestern buys lot, plans micro units near downtown West Palm
Transwestern buys lot, plans micro units near downtown West Palm
Daniel Crann and Timothy Peterson (Credit: iStock)
Movers & Shakers: Colliers taps development services head, Altman promotes COO & more
Movers & Shakers: Colliers taps development services head, Altman promotes COO & more
Tim Tebow and his home in South Jacksonville's Glen Kernan Golf & Country Club (Credit: Getty Images, Estately)
Take 2: Tim Tebow pays $3M for second house in gated community in Florida
Take 2: Tim Tebow pays $3M for second house in gated community in Florida
Opportunity Zone in Jacksonville is site of bank-financed apartment development
Opportunity Zone in Jacksonville is site of bank-financed apartment development
Opportunity Zone in Jacksonville is site of bank-financed apartment development
Movers & Shakers: Tavistock hires VP from Swire Properties & more
Movers & Shakers: Tavistock hires VP from Swire Properties & more
Movers & Shakers: Tavistock hires VP from Swire Properties & more
Jacksonville issues $81M of bonds for a buyer of 4 low-income rental properties
Jacksonville issues $81M of bonds for a buyer of 4 low-income rental properties
Jacksonville issues $81M of bonds for a buyer of 4 low-income rental properties
Jacksonville mayor taps brakes on drive to build a downtown convention center
Jacksonville mayor taps brakes on drive to build a downtown convention center
Jacksonville mayor taps brakes on drive to build a downtown convention center
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...