Orange Park, December 9, 2025
Marcus & Millichap Capital Corporation has secured $7 million in financing for a retail property in Orange Park, currently occupied by BJ’s Wholesale Club. This financing, led by Garrett Fierstein, underscores the potential for growth in the local retail market and highlights MMCC’s expertise in navigating real estate transactions in the Southeastern U.S. This funding also reflects broader economic confidence in the area, supporting local businesses and community dynamics.
$7 Million Financing Secured for Retail Property in Orange Park
Marcus & Millichap Capital Corporation Advances Local Retail Market
Orange Park, Florida – In a significant move for the local retail landscape, Marcus & Millichap Capital Corporation (MMCC) has successfully secured $7 million in financing for a large single-tenant retail property in Orange Park, a prominent suburb of Jacksonville. This property is currently occupied by BJ’s Wholesale Club, a well-known membership-only retail warehouse club that serves numerous shoppers in the area.
The financing was facilitated by Garrett Fierstein, senior director at MMCC’s Orlando office, through a local credit union. This transaction represents an important milestone, showcasing the potential for growth and investment in the area, which features a high-traffic location surrounded by various retail outlets and dining establishments, enhancing its appeal to consumers and investors alike.
Highlighting MMCC’s Expertise
This funding success highlights MMCC’s expertise and strategic role in the Southeastern U.S. real estate market, particularly in arranging significant financing for retail properties. Their ability to navigate local regulatory frameworks and tailor financing solutions to meet client needs has played a key role in their achievements. This transaction serves as a reminder of the positive trajectory of the Duval County economy, propelled by smart investment decisions and entrepreneurial spirit.
The Importance of Retail Development
The recent financing transaction signifies not only a boost for the specific retail property but also serves as an indicator of broader economic confidence in this region. By supporting established businesses like BJ’s Wholesale Club, local financing initiatives contribute to a vibrant retail ecosystem that can drive job creation and consumer satisfaction.
Impacts on the Community
With BJ’s Wholesale Club as the tenant, local consumers gain access to a wide array of products often at discounted prices. This enhances shopping options for families and can stimulate further local economic activity, demonstrating how successful retail operations can influence community dynamics positively.
Looking Ahead
As this funding progresses toward development, stakeholders in Jacksonville are encouraged to engage with and support ongoing and future retail initiatives. A thriving retail scene not only offers essential goods and services but also fosters a sense of community identity—a feature that is critical in maintaining the uniqueness and appeal of Jacksonville and its neighboring areas.
Conclusion
The $7 million financing secured by MMCC for the BJ’s Wholesale Club property in Orange Park showcases the resilience of small businesses and the importance of local investment. As Jacksonville continues to grow and evolve, the business community is highly encouraged to remain engaged in fostering economic growth, supporting retail innovation, and exploring new opportunities for collaboration.
Frequently Asked Questions (FAQ)
What is the significance of the $7 million financing secured by MMCC?
The $7 million financing secured by MMCC is significant as it demonstrates the firm’s capability to arrange substantial funding for large-scale retail properties, highlighting their expertise in the commercial real estate sector.
Who is the tenant occupying the property in Orange Park, Florida?
The tenant occupying the property in Orange Park, Florida, is BJ’s Wholesale Club, a leading membership-only retail warehouse club known for offering a wide range of products at discounted prices.
How does this transaction reflect MMCC’s role in the Southeastern U.S. real estate market?
This transaction reflects MMCC’s strong presence and expertise in the Southeastern U.S. real estate market, showcasing their ability to secure financing for significant retail properties in the region.
Key Features of the Transaction
| Feature | Details |
|---|---|
| Financing Amount | $7 million |
| Property Size | 109,895 square feet |
| Location | Orange Park, Florida |
| Tenant | BJ’s Wholesale Club |
| Financing Facilitator | Garrett Fierstein, Senior Director at MMCC’s Orlando office |
| Lender | Local credit union |
| Client | Private client |
| Property Characteristics | High-traffic area with several other retail stores and restaurants nearby |
Deeper Dive: News & Info About This Topic
HERE Resources
Construction Begins on Residences at Marina Village
Jacksonville Considers $4.6 Million Incentive for Surf Park Development
Savlan Capital Acquires Seven Office Buildings in South Jacksonville
Transformations in South Florida’s Shopping Centers
Current Capital Acquires County Line Shopping Center for $33 Million
Surge in South Florida’s Commercial Real Estate Activity
Griffis Residential Enters South Florida Market with New Acquisition
Jacksonville Manufacturer Pursues Project Newark Investment
Jacksonville Welcomes New Ameris Bank Branch
Florida’s Business Landscape Thrives with New Openings
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.
