Jacksonville, Florida, December 20, 2025
Baptist Health Properties Inc. has purchased the San Marco East Plaza in Jacksonville, Florida, for $38 million after leasing the property for nearly two decades. Spanning 29.68 acres with seven buildings totaling 375,752 square feet, the plaza hosts various tenants, including gyms and banks. This acquisition highlights Baptist Health’s commitment to expanding its services within the community. The property has undergone significant improvements in 2019, showing its adaptability over time, reinforcing the importance of private investments in Jacksonville’s economy.
Baptist Health Acquires San Marco East Plaza for $38 Million
Long-standing lease turns into ownership for Baptist Health
Jacksonville, Florida has witnessed a significant business transaction with Baptist Health Properties Inc. acquiring the San Marco East Plaza business park for $38 million. This acquisition is particularly noteworthy as Baptist Health has leased the property for nearly two decades, signaling a long-term commitment to this thriving area.
Located at 3563 Philips Highway, the San Marco East Plaza boasts a robust 29.68-acre campus featuring seven buildings that total 375,752 square feet. The property is home to a variety of tenants including The Edge Rock Gym, Excel Church, First American Title, Jacksonville Ice & Sportsplex, RF-SMART, and Wells Fargo, which adds a dynamic blend of services to the local community.
History and Upgrades of the San Marco East Plaza
The San Marco East Plaza was originally constructed in 1961 as a retail mall. Over the years, it has transformed, adapting to the needs of the community. Notably, in 2019, the Prescott Group rebranded the plaza and invested $10 million in enhancements, significantly improving the property’s appeal and functionality. Such adaptability is a testament to the resilience and innovative spirit of local entrepreneurs invested in Jacksonville’s economic growth.
Baptist Health’s Investment in Jacksonville’s Future
While Baptist Health has yet to disclose specific plans for the San Marco East Plaza, this acquisition aligns with the institution’s broader mission to expand its footprint and service offerings within Jacksonville. With an ongoing commitment to enhancing community health and wellness, ownership of this property could facilitate future expansions or enhancements to their healthcare services, reinforcing the importance of private investment in Jacksonville’s economy.
Economic Implications for Jacksonville
This transaction underlines the vibrancy of the Jacksonville FL business landscape. It demonstrates how sustained investment in local properties fosters economic confidence and entrepreneurial activity. The diverse mix of tenants at San Marco East Plaza highlights the importance of supporting small businesses, which contribute significantly to job creation and community vitality.
Moreover, Baptist Health’s approach emphasizes the benefits of limited regulations, which allow businesses to thrive and adapt to the evolving demands of the local market. Encouraging an environment that promotes such growth is essential for Jacksonville’s economic future.
Key Features of the San Marco East Plaza Acquisition
| Feature | Details |
|---|---|
| Location | 3563 Philips Highway, Jacksonville, Florida |
| Size | 29.68 acres with seven buildings totaling 375,752 square feet |
| Tenants | The Edge Rock Gym, Excel Church, First American Title, Jacksonville Ice & Sportsplex, RF-SMART, Wells Fargo |
| Original Construction | Built in 1961 as a retail mall |
| Recent Upgrades | Rebranded and $10 million in improvements in 2019 by the Prescott Group |
| Acquisition Price | $38 million |
Conclusion
The acquisition of the San Marco East Plaza by Baptist Health represents not only a strategic move for the healthcare provider but also a significant milestone for Jacksonville’s economic landscape. As local businesses continue to innovate and thrive, residents are encouraged to support these endeavors and remain engaged with developments that shape Jacksonville’s future. With sustained investment and a focus on community needs, the potential for growth in Jacksonville FL’s economy remains promising.
Frequently Asked Questions
What is the San Marco East Plaza business park?
The San Marco East Plaza is a 29.68-acre campus located at 3563 Philips Highway in Jacksonville, Florida. It includes seven buildings totaling 375,752 square feet and houses various tenants such as The Edge Rock Gym, Excel Church, First American Title, Jacksonville Ice & Sportsplex, RF-SMART, and Wells Fargo.
Who sold the property to Baptist Health Properties Inc.?
The property was sold by the Prescott Group of Dallas through PSF I JAX Metro LLC.
What were the previous developments at the property?
Originally built in 1961 as a retail mall, the property underwent significant upgrades in 2019 when the Prescott Group rebranded it as San Marco East Plaza and invested $10 million in improvements.
What are Baptist Health’s plans for the property?
Baptist Health has not disclosed its future plans for the property.
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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.
