North Florida Strip Center Sells for $172 Per SF

For more retail coverage, click GlobeSt.com/RETAIL.

FERNANDINA BEACH, FL-Yulee Junction, a newly built, 28,714-sf, 80%-leased strip shopping center in the North Florida resort corridor, has generated a premium price of $4.95 million, or $172.39 per sf, for Jacksonville owner LandAmerica Exchange Co. A private Jacksonville investors purchased the property which is about 150 miles northeast of Downtown Orlando.

Orlando-based Pocklington, Pocklington & Forster Retail Investment Group, which focuses on retail properties sized up to 85,000 sf, represented buyer and seller. Pocklington Group brought the buyer to the seller. “We set the bar high and were able to generate a premium price for the seller, while delivering a brand new asset in an emerging market, with strong future value for the buyer,” says group principal Mike Pocklington.