JLL Brokers Sale of Daytona Beach’s Volusia Square
JLL Capital Markets closed the $12.2-million sale of Volusia Square, a 204,185-square-foot shopping center located on the dominant retail corridor in Daytona Beach, FL. Lamar Companies in a venture with Real Capital Solutions acquired the asset.
Volusia Square was originally built in 1986 and renovated in 2010. The center’s diverse mix of tenants include Restaurant Depot, Buffalo Wild Wings, Arby’s, LensCrafters and Dollar Tree. The property also features a non-owned Home Depot and Speedway Indoor Karting.
Located at 2455 West International Speedway Blvd., Volusia Square is adjacent to Daytona Speedway and Daytona International Airport, drawing substantial traffic from outside the area. The five-mile area surrounding the property is home to 106,029 residents with an average annual household income of $54,714.
The JLL Capital Markets investment sales advisory team representing the seller was led by senior managing directors Coler Yoakam and Brad Peterson, senior director Whitaker Leonhardt and associate Tommy Isola.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).