Florida & Gulf Coast + North Florida + Net Lease | August 17, 2021

JLL Brokers Sale of Two Net-Leased Retail Properties in Jacksonville

JLL has arranged the sale of two single-tenant retail assets totaling 123,567 square feet and net leased to BJ’s Wholesale Club and Walgreens in Jacksonville. The sales price was not disclosed.

Warehouse club operator BJ’s anchors Atlantic-Kernan Shops, which is home to a diverse lineup of tenants. Walgreens occupies an outparcel pad at the Atlantic-Kernan Shops and is a global leader in retail pharmacy with more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands. The properties are located at 12200 Atlantic Blvd.

Michael Brewster, Brad Peterson and Whitaker Leonhardt of JLL represented the seller, Sleiman Enterprises, in the transaction. The buyer was not disclosed.

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About David Cohen

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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.