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Florida & Gulf Coast   /   August 11, 2020

David Cohen
By: David Cohen

Net-Leased Retail Property in Jacksonville Trades for $7M

JLL has arranged the $7.1 million sale of a 6,267-square-foot, single-tenant retail building ground leased to Wawa at the entrance to the St. Johns Town Center regional retail node in Jacksonville.

Michael Brewster of JLL represented the seller, Florida-based CTO Realty Growth, in the transaction. The buyer was not disclosed.

“The St. Johns Town Center trade area is one of the most preferred submarkets for retailers, businesses and residents in the southeastern United States,” said Brewster. “At the heart of it, Wawa serves customers from all over North Florida, and the neighborhood, highway access and immense traffic made this a special offering with irreplaceable intrinsic value.”

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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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