Jacksonville, Florida, January 8, 2026
A New York-based investor has purchased the St. Johns shopping center and adjacent office complex in Jacksonville for approximately $10 million. This investment signifies growing interest in Jacksonville’s commercial real estate market. The shopping center, built in 2007, is fully leased and includes various popular tenants. The acquisition is expected to enhance local economic resilience and foster further investments in the area, highlighting Jacksonville’s robust economic environment and potential for growth.
New York Investor Acquires St. Johns Shopping Center and Office Complex for Nearly $10 Million
Jacksonville, Florida – A New York-based investor has purchased the St. Johns shopping center and adjacent office complex for approximately $10 million. This acquisition marks a significant investment in Jacksonville’s retail and office real estate market.
Details of the Acquisition
The deal encompasses the St. Johns shopping center, a Publix-anchored property located at 4413 Town Center Parkway, and the adjacent office complex. The shopping center, built in 2007, spans 14.19 acres and is fully leased to tenants including Aveda, Five Guys Burgers and Fries, The Bread & Board, The Loop, Weight Watchers, and Sports Clips. The office complex provides additional commercial space, enhancing the property’s appeal to a diverse range of businesses.
Significance of the Investment
This acquisition underscores the growing interest in Jacksonville’s commercial real estate sector. The St. Johns shopping center’s strategic location and established tenant base make it a valuable asset for investors seeking stable returns. The addition of the office complex further diversifies the property’s income streams, appealing to a broader spectrum of potential tenants. This reflects a strong belief in Jacksonville’s robust economic environment, fostering an ecosystem ripe for entrepreneurial growth.
Background on the Property
The St. Johns shopping center is part of the larger St. Johns Town Center, a prominent retail destination in Jacksonville. Over the years, the center has experienced several ownership changes, accompanied by significant investments that have enhanced its attraction for both retailers and consumers. This recent transaction stands as a testament to the enduring value and appeal of the commercial real estate market in Jacksonville, illustrating how private investment can contribute to local economic resilience.
Implications for Jacksonville’s Real Estate Market
The successful acquisition of the St. Johns shopping center and office complex is expected to stimulate further investment in Jacksonville’s commercial real estate sector. The city’s growing economy and strategic location continue to attract investors seeking opportunities in both retail and office spaces. This trend reflects a broader confidence in Jacksonville’s market fundamentals, highlighting how local innovation and relative ease of entry can bolster investment and create job opportunities.
Call for Community Engagement
Frequently Asked Questions (FAQ)
What properties were acquired in this deal?
The acquisition includes the St. Johns shopping center and the adjacent office complex located at 4413 Town Center Parkway in Jacksonville, Florida.
Who is the buyer of these properties?
The buyer is a New York-based investor specializing in commercial real estate acquisitions.
What tenants occupy the St. Johns shopping center?
The shopping center is fully leased to tenants including Aveda, Five Guys Burgers and Fries, The Bread & Board, The Loop, Weight Watchers, and Sports Clips.
How large is the St. Johns shopping center?
The shopping center spans 14.19 acres and was built in 2007.
What is the significance of this acquisition?
This acquisition underscores the growing interest in Jacksonville’s commercial real estate sector and highlights the property’s enduring value in the market.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Property Type | Shopping center and office complex |
| Location | Jacksonville, Florida |
| Purchase Price | Approximately $10 million |
| Shopping Center Size | 14.19 acres |
| Year Built | 2007 |
| Key Tenants | Aveda, Five Guys Burgers and Fries, The Bread & Board, The Loop, Weight Watchers, Sports Clips |
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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.
