Jacksonville, Florida, December 3, 2025
Hakimian Holdings, based in Jacksonville, has acquired the former Vaughn Motorgroup dealership to increase the Gates of Olde Mandarin shopping center by over 11,000 square feet. The remodeling will introduce diverse retail options, fostering economic growth and community engagement in Jacksonville. This strategic expansion aligns with the company’s commitment to enhancing retail spaces in the region, following their earlier investment in the University Boulevard shopping center.
Jacksonville, Florida – Hakimian Holdings Expands Retail Space at Shoppes of San Jose
Jacksonville-based Hakimian Holdings has acquired the former Vaughn Motorgroup dealership along San Jose Boulevard to expand the Gates of Olde Mandarin shopping center by over 11,000 square feet.
Details of the Acquisition
On October 2, 2025, Hakimian Holdings purchased the 1.03-acre property at 11350 San Jose Blvd. for $2.545 million. The company plans to remodel and retrofit the existing building to introduce additional retail concepts, enhancing the shopping experience for the community.
Strategic Location and Community Impact
The new retail space will be integrated into the Gates of Olde Mandarin shopping center, situated along San Jose Boulevard, a major thoroughfare in Jacksonville. This expansion aims to attract more shoppers and provide a diverse range of retail options, contributing to the area’s economic growth and community engagement.
Background on Hakimian Holdings
Hakimian Holdings is a Jacksonville-based real estate development firm known for its strategic acquisitions and developments in the region. The company has a history of enhancing retail spaces to meet the evolving needs of consumers and businesses alike.
Related Developments in the Area
In recent years, Hakimian Holdings has been active in expanding its retail portfolio along San Jose Boulevard. Notably, the company invested $14.4 million in the University Boulevard shopping center, rebranding it as Gates of University Boulevard. This acquisition underscores Hakimian Holdings’ commitment to revitalizing and expanding retail spaces in Jacksonville.
Future Prospects
The expansion at the Gates of Olde Mandarin is part of Hakimian Holdings’ broader strategy to enhance retail offerings in Jacksonville. By investing in and revitalizing existing properties, the company aims to create vibrant shopping destinations that serve the community’s needs and attract a diverse range of retailers.
Key Features of the Expansion
| Feature | Details |
|---|---|
| Property Acquired | Former Vaughn Motorgroup dealership at 11350 San Jose Blvd. |
| Acquisition Date | October 2, 2025 |
| Purchase Price | $2.545 million |
| Planned Expansion | Over 11,000 square feet of additional retail space |
| Location | Along San Jose Boulevard, Jacksonville, Florida |
| Community Impact | Aims to attract more shoppers and provide diverse retail options, contributing to economic growth and community engagement |
| Company Background | Hakimian Holdings is a Jacksonville-based real estate development firm known for strategic acquisitions and developments in the region |
| Recent Investments | Invested $14.4 million in the University Boulevard shopping center, rebranding it as Gates of University Boulevard |
| Future Plans | Part of a broader strategy to enhance retail offerings in Jacksonville by investing in and revitalizing existing properties |
FAQ
What is the recent acquisition by Hakimian Holdings?
Jacksonville-based Hakimian Holdings has acquired the former Vaughn Motorgroup dealership along San Jose Boulevard to expand the Gates of Olde Mandarin shopping center by over 11,000 square feet.
When did Hakimian Holdings make this acquisition?
On October 2, 2025, Hakimian Holdings purchased the 1.03-acre property at 11350 San Jose Blvd. for $2.545 million.
What are the plans for the acquired property?
The company plans to remodel and retrofit the existing building to introduce additional retail concepts, enhancing the shopping experience for the community.
Where is the Gates of Olde Mandarin shopping center located?
The shopping center is situated along San Jose Boulevard, a major thoroughfare in Jacksonville, Florida.
What is the significance of this expansion?
The expansion aims to attract more shoppers and provide a diverse range of retail options, contributing to the area’s economic growth and community engagement.
What is Hakimian Holdings known for?
Hakimian Holdings is a Jacksonville-based real estate development firm known for its strategic acquisitions and developments in the region, enhancing retail spaces to meet the evolving needs of consumers and businesses alike.
Has Hakimian Holdings made other significant investments in the area?
Yes, in recent years, Hakimian Holdings invested $14.4 million in the University Boulevard shopping center, rebranding it as Gates of University Boulevard, underscoring its commitment to revitalizing and expanding retail spaces in Jacksonville.
What are the future plans for Hakimian Holdings?
The expansion at the Gates of Olde Mandarin is part of Hakimian Holdings’ broader strategy to enhance retail offerings in Jacksonville by investing in and revitalizing existing properties to create vibrant shopping destinations that serve the community’s needs and attract a diverse range of retailers.
Deeper Dive: News & Info About This Topic
HERE Resources
Securing the Right Commercial Space for Your Business
FBI and Duval County Schools Host ‘Be Smart Online’ Event
St. Augustine Celebrates Local Entrepreneurship at EnterCircle
Jacksonville Prepares for Thanksgiving Celebrations and Weather Changes
Bono’s Pit Bar-B-Q Partners with Gate Petroleum in Jacksonville
Jacksonville Sees Cautious Consumer Spending Trends
Consumer Confidence Declines Amid Economic Uncertainty
St. Johns Town Center Welcomes Burlington with Retail Realignment
Jacksonville City Council Approves New Veterinary Facility and Dog Park
Winn-Dixie Company Expands Florida Presence with Rebranding
Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
