Jacksonville, FL Retail Market - Strategic Sites - Client First

The North Florida retail market in early 2012 has seen improv-ing market conditions. Activity for small shop spaces continues to rise. Anchor box demand has been limited to mostly discounters or prime retail markets.

The overall occupancy rate for the North Florida retail market is around 86%. Big box vacan-cies have increased with the an-nouncement of Food Lion closings 21 local stores. These stores range in size from 29,000 to 41,000 sf and will have lasting long term effects on the retail market. Kmart an-nounced that it would close 2 local stores, further adding to the list of vacant boxes.

North Florida continues to at-tract new retailers with Bed Bath & Beyond’s entry of its Buy Buy Baby store to Timberlin Village at The Avenues, while REI is com-ing to Markets at Town Center. LA Fitness, a health club operat-ing across the country, is open-ing up four new locations at The Fountains near Acadmey Sports, Atlantic Beach in the former Pub-lix, Lakewood in the former Pub-lix and Orange Park in the former Sports Authority.

Other retailers expanding are Dick’s Sporting Goods and Mar-shalls with new stores under construction at Parkway Shop-pes, the continuation of the very successful River City Market-place on the Northside. In Yulee,

Kohl’s just opened while Publix, T.J.Maxx and Ross Dress for Less will open later this year in a new center developed by Sleiman En-terprises. dd’s Discounts recently opened their second store at Re-gency Plaza next to Burlington Coat Factory in the Regency sub-market. The Regency market con-tinues to have higher big box va-cancies due to the lack of new box tenants looking for space in this market.

Several new single tenant build-ings were recently built for ten-ants such as AT&T, Verizon, Pollo Tropical, BJ’s Restaurant and Bre-whouse, Seasons 52, First Watch, Starbucks, Dunkin’ Donuts and Brio Tuscan Grille. Other tenants actively doing new deals are Car-rabba’s, Panera Bread, Chipotle, Tijuana Flats, Newk’s, Firehouse Subs, Jimmy John’s, How Do You Roll, Dollar Tree, Dollar General, Family Dollar, Mattress Firm, As-pen Dental, Heartland Dental and Planet Fitness.

St. Johns Town Center contin-ues to be the dominant retail trade area in North Florida. Other mar-kets that remain strong are the West Beaches, Mandarin, Beach-es, Avenues, Orange Park and Riv-er City (Northside). We expect to see this trend continue in the retail markets with higher occupancies.

Only two major centers are un-der construction at this time, Park-way Shoppes and Villages of Ame-

lia. We look for mostly smaller de-velopments on remaining vacant lands or redevelopment of existing buildings within these markets.

Most big box retailers have re-duced their building size in an ef-fort to reduce overall occupancy costs in an effort to improve bot-tom line performance at the store level. We expect this trend to con-tinue due to the increased compe-tition from internet retailers. Sev-eral retailers will strongly consider relocating to new or existing cen-ters in order to downsize their box to the new smaller prototypes.

North Florida saw 17 properties sold totaling $46,940,000 in 2011, while the overall cap rates ranged from 9.04 to 9.73 percent. There is a limited pipeline of centers being marketed or contemplating about being offered for sale. North Flor-ida will remain a stable environ-ment for National Investors such as Cole Investments, Weingarten, Blackstone, Equity One and our lo-cal REIT Regency Centers to con-tinue to acquire property in this market.

In summary, North Florida con-tinues to be a stable to slightly growing market. Local vacancies should improve in most markets and rental rates should increase due to increasing demand. Anchor box demand should increase as well due to increased pressure for tenants to open stores.

2Q 2012Jacksonville, FL

Retail MarketOverview

Northside TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSDunn Avenue PlAzA JAx FeDerAl CreDit union 41,966 0 1,800 $10.00 3.50Dunn villAge rowe’s igA, FAmily DollAr 72,728 10,000 15,600 $16-$18 5.07DuvAl stAtion Centre Publix 72,840 0 5,600 $18.00 4.02eDgewooD squAre winn-Dixie 74,000 0 2,550 $12.00 3.50FAmily DollAr Center FAmily DollAr, sAve-A-lot, sAlvAtion Army 59,113 0 9,400 $11.00 2.30gAtewAy mArketPlACe Publix, wAlgreens 490,000 25,000 125,000 $10.00 2.15HigHlAnD squAre Publix, beAll’s outlet 261,513 0 16,856 $16-$17 3.67JACksonville regionAl winn-Dixie, beAll’s outlet, JC Penneys 295,090 30,017 33,568 $14.00 3.13mAin street stAtion FooD lion 79,486 39,686 1,200 $12.50 3.75mAin street PlACe vystAr, JACksonville ortHoPeDiC 44,023 0 1,266 $17.00 4.00nortHsiDe PlAzA sAverite 122,000 0 2,200 $12.50 2.00oCeAnwAy Crossing 40,800 37,978 0 $14.00 3.00oCeAnwAy PlAzA winn-Dixie 57,376 0 8,450 $3.35 2.37river City mArketPlACe wAl-mArt suPerCenter, lowe’s, oFFiCe mAx, best buy, miCHAel’s, gAnDer mountAin 1,130,000 0 6,505 $25-$30 6.67rutgers PlAzA DollAr generAl 78,800 30,690 19,046 $9-$10 4.50sHoPPes oF norFolk FAmily DollAr 58,000 16,000 20,000 $6-$8 2.29sHoPPing PlACe (tHe) st. JoHns seAFooD, Country CAbin, erA DAn Jones & AssoCiAtes 53,262 0 13,543 $11.00 3.75TOTALS 3,030,997 189,371 282,584

ArLiNGtoN TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSArlington PlAzA rose’s, beAlls outlet 182,098 0 103,404 $10 2.70AtlAntiC boulevArD PlAzA. Publix 58,172 0 * 15-22 2.62AtlAntiC soutH sHoPPing Center winn Dixie, regenCy CAP & gown, PinCH A Penny 97,141 0 11,692 $7.70 1.54Cobblestone Crossing Publix, wAlgreens 93,272 0 7,100 $18.00 6.50Cobblestone PlAzA bloCkbuster 40,200 0 7,400 15-19 3.50DAmes Point PlAzA Publix, FAmily DollAr, PowerHouse gym 141,650 0 18,190 $10-$13 3.95FloriDA bACkyArD Center FloriDA bACkyArD Furniture 84,525 0 n/A n/A n/AFort CAroline trADing Post winn Dixie, Citi trenDs 74,546 0 9,480 $12.00 4.27gAzebo sHoPPing Center DollAr generAl 73,729 34,400 28,990 $7.00 3.18lAke luCinA sHoPPing Center sAve-A-lot, Auto zone, FAmily DollAr 55,284 0 2,421 $10.00 3.82merrill Crossing golD’s gym, CAto Plus, big lots 184,542 18,000 11,500 $12.00 4.00merrill stAtion FooD lion, sHerwin williAms 78,000 0 11,500 $12.50 3.46J & J CentrAl PlAzA little CAesAr’s 32,628 0 12,075 $16.00 4.80monument lAnDing wAlgreens, bAily’s PowerHouse gym 64,905 0 6,720 neg negmonument Pointe winn Dixie, Cvs 76,628 0 2,400 $14.00 3.71Publix PlAzA Publix 71,955 0 5,950 $16.00 3.50town & Country sHoPPing Center mCDonAlD’s, PlusH Club, gooDwill 224,852 40,000 12,700 $8.00 2.00TOTALS 1,634,127 92,400 251,522

reGeNcy

TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSregenCy PArk Hobby lobby, bAbies r us, mArsHAll’s, books A million 333,942 68,476 40,453 $15-$18 2.67regenCy Pointe t-mobile 67,129 17,540 7,562 $14 4.40regenCy PlAzA burlington CoAt FACtory, oFFiCemAx, DD’s DisCount 205,696 30,000 19,152 $12 2.61regenCy Court oFFiCe DePot, sPorts AutHority, ComPusA, 218,646 26,936 18143 $12-$18 2.65regenCy Commons ross, beAll’s, miCHAels, HH gregg 280,000 52,072 11,144 $12 2.63regenCy best buy builDing best buy, guitAr Center, mAttress 1 CleArAnCe 65,286 0 0 $15 3.25regenCy Annex Home DePot, PetsmArt, tArget, lowes 0 0 0 0.00Cb squAre beD bAtH & beyonD 72,729 33,444 0 $6-$10 3.97regenCy squAre mAll seArs, JC Penny, DillArDs outlet, belks, 1,386,950 115,000 134651 vAries vAriesDisCovery zone PlAzA bloCkbuster, AAron rents, FAmily DollAr 66,979 0 17,088 $14-$16 3.50kenDAll town Center wAl-mArt suPerCenter 290,000 0 3,038 $13 moDiFieD gross TOTALS 2,987,357 343,468 251231

BeAches TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSAtlAntiC villAge lA Fitness, Jo-Ann FAbriCs, DollAr tree 100,559 0 14,707 $16.00 4.61beACH PlAzA City Center monkey Jungle, bAiley’s, DollAr tree, u.s. PostAl oFFiCe/JAx beACH 161,000 50,000 6,000 $10 & uP 5.00mArsH lAnDing PlAzA Pier 1 imPorts, worlD mArket, stonewooD grill, PetCo, Jos bAnks 59,586 0 1,003 $22.00 4.77AtlAntiC beACH Commons FAmily DollAr 63,992 37,272 6,725 $10.00 3.21nePtune PlAzA k-mArt, beAll’s outlet, ACe 150,484 0 7,300 $12.50 2.56seminole sHoPPes Publix, HurriCAne wings, smAsH burger, HAir Cuttery 78,240 0 2,660 $27.00 7.61nortH beACH Center nortH beACH bistro, tHe FisH Co. 58,000 0 0 $13-$15 5.00PAblo PlAzA oFFiCe DePot, mArsHAlls, Home gooDs, PAnerA, JAson’s Deli 140,000 0 20,650 $19.00 4.43PAn Am PlAzA DollAr generAl (sHADow AnCHors nAvy exCHAnge) 58,000 0 15,150 $10-$12 3.50PenmAn PlAzA winn Dixie, AAron rents 65,500 0 0 $18.00 3.75Ponte veDrA Pointe tire kingDom, beACHes Diner, bruCCi’s, skewers 71,660 18,000 11,500 $20.00 4.78Ponte veDrA squAre winn Dixie 92,000 0 9,582 $22.00 4.75sAwgrAss villAge Publix, Cvs, AbC Fine wine & sPirits 115,934 0 16,000 $25-$35 5.50sHoPPes oF PAlm vAlley Publix 43,747 0 4,457 $20.00 7.25soutH beACH PArkwAy Publix, tArget, turner ACe HArDwAre, books A million, First wAtCH, mAttress one 300,000 0 0 $25.00 4.54soutH beACH regionAl stein mArt, ross, beD bAtH & beyonD, Home DePot, stAPles 303,856 0 39,574 $20.00 4.23tHe CorriDors oF Ponte veDrA tHe FresH mArket, tuesDAy morning 53,071 0 0 $20.00 5.19seA wAlk villAge sHoPPing Center mellow musHroom, sAlt liFe FooD sHACk, sPorts mAniA 50,101 0 5,826 $16-$25 5.12sHoPPes oF verAnDA rutH’s CHris, Pussers, seAsiDe bAnk 99,000 0 65,000 $13.50-$17.50 5.00TOTALS 2,064,730 105,272 226,134

West iNtrAcoAstAL TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSAtlAntiC nortH (tHe FountAins) ACADemy sPorts, lA Fitness 112,685 0 0 28.00 5.00AtlAntiC villAge west koHl’s, oFFiCe DePot, t.J. mAxx 163,481 0 0 $28.00 4.41bJ’s wHolesAle Center bJ’s wHolesAle Center 151,492 0 6,380 $18.00 4.51girvin PlAzA ne winn Dixie 71,297 0 0 n/A n/AHArbour PlACe Publix, Cvs PHArmACy 103,552 0 6,310 $18.00 3.51HArbour villAge @ sAn PAblo stein mArket, FresH mArket 112,886 0 9,018 $23.00 5.25HoDges Point beAlls, wAl-mArt 358,267 0 11,736 $24.00 4.59kernAn squAre Publix 81,218 0 1,600 $24.00 3.73kernAn villAge west suPer wAl-mArt, ross 268,477 0 6,314 $14.00 4.38meDiCAl merCHAnt Ctr oF sAn PAblo Publix 152,761 61,000 4,700 $17.00 5.04PAblo Creek eAst tArget, miCHAels, oFFiCe mAx 292,742 0 12,798 $22.00 6.60PAblo stAtion big lot’s, sHermAn williAms 90,084 0 27,000 13-18 6.00sAn PAblo FAmily Center Hobby lobby, CHurCH oF eleven 22 224,029 46,400 22,315 $41,258.00 4.01villAge sHoPPes @ sAn PAblo 69,000 44,856 51,884 $15.50 4.27winDsor Commons Publix, bloCkbuster 61,491 0 8,050 $21.00 7.05TOTALS 2,200,777 152,256 168,105

southside TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSbeACH boulevArD winn-Dixie, City trenDs, beAll’s outlet, kAPlAn College, bAiley’s gym 166,759 0 0 18-16 2.50boulevArD Corners stAPles 100,589 0 3,900 $10.00 3.05briArwooD sHoPPing Center winn-Dixie, tuesDAy morning, PlAnet Fitness 120,000 45,000 6,600 $12.50 2.00lAkewooD sHoPPing Center winn-Dixie, stein mArt, Cruiser’s grill 200,000 0 38,585 $14-$24 4.68DeerwooD lAke Commons Publix 67,528 0 7,225 $22.00 7.35DuPont stAtion university oF Fl PeDiAtriC Center 108,781 29,000 24,795 $11-$16 2.50emerson PlAzA FAmily DollAr, rent A Center 55,215 27,000 1,600 $5.00 5.30kmArt PlAzA k-mArt 122,064 20,000 7,135 $9.00 2.25sAntA moniCA Center FAmily DollAr 141,338 0 6,729 $14.00 2.65sHoPPes oF sAn Jose DollAr generAl 56,479 19,800 14,128 $8.00 4.97soutHgAte PlAzA HubbArD House tHriFt store, sAve-A-lot, DePArtment oF motor veHiCles 145,099 12,572 9,520 14-16 2.50st. JoHns squAre winn-Dixie, Just Fitness, Cvs 235,571 35,842 31,157 $12-$16 3.00st. JoHns Center nortH Publix, totAl wine 98,900 0 9,600 $27.00 7.98tHe mArkets At town Center best buy, bAbies/toys r us, ultA beAuty, west mArine, CostCo 331,080 0 42,163 $36.50 7.91st. JoHns town Center DillArD’s, tArget, DiCk’s sPorting gooDs 1,200,000 0 2,500 $29.00 8.00st. JoHn’s villAge tHe Floor trADer, ADvAnCeD Auto, monroes bArbq 69,522 5,585 6,053 13-16 3.00tAPestry PArk Jimmy JoHn’s subs, Corner bistro & wine bAr 34,900 0 4,513 $22.00 7.25tAPestry PArk nortH Hotel inDiDo, iii Forks, lime leAF, Pom signAture 60,025 0 22,229 $25.00 6.80tHe PromenADe At beACH blvD. igA, DollAr generAl 116,565 0 6,000 $11-$14 3.50university Center soutH FireHouse subs, HAlA CAFé 43,650 8,000 11,459 $12-$18 3.25university Center lA Fitness, DollAr tree 108,332 45,000 6,732 $11.00 2.28university PlAzA winn-Dixie, truCk oPtions 84,308 0 6,750 $11.00 2.00TOTALS 3,666,705 247,799 269,373

BAymeAdoWs/AveNues TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INStHe Avenues DillArDs, belk, JCPenny’s, seArs, Forever 21 1,117,000 0 0 n/A n/AAvenue’s nortH best mAttress 98,679 51,800 26,505 $5.00-14.00 4.25Avenue’s wAlk wAlmArt, HHgregg, HAverty’s 351,300 0 0 $25.00 6.61bAymeADows Commons bAiley’s PowerHouse gym, CHili’s 73,900 0 7,000 $18.00 4.70bAymeADows FestivAl gAtor’s DoCksiDe, DollAr tree, lArry’s giAnt subs, (Former golD’s gym) 106,766 37,000 3,975 $14.00 5.34bAymeADows JunCtion Just Fitness, sCAn Design, wooDy’s bAr-b-q 155,000 n/A 13,690 $14.00-$16.00 3.50bAymeADows squAre lowe’s, b.J.’s, Al’s PizzA 296,000 0 4,550 $18-$20 6.40bAymeADows villAge PAnerA breAD, sPrint, FeDex kinko’s 58,498 12,790 0 $14.00-$18.00 3.92brierwooD villAge PlAzA winn-Dixie, tuesDAy morning, subwAy 125,419 24,450 6,600 $12.50 2.00DeerwooD mArketPlACe winn-Dixie 65,263 0 0 $21.00 3.50DeerwooD villAge mAll Publix, Dunkin Donuts, subwAy, gnC 72,054 0 5,200 $18.00 6.64Point meADows stein mArt 102,602 45,802 13,200 $16.00-$20.00 5.21reeDy brAnCH Publix, HurriCAne grill & wings 75,906 0 6,900 18 - 19 6.11tHe sHoPPes oF soutHsiDe best buy, sPorts AutHority, DAviD’s briDAl 109,113 0 2,800 $28.00-$30.00 5.07soutHsiDe squAre tArget, Home DePot, CirCle k Furniture 398,769 77,296 10,400 $10.00-$14.00 $2.12-$4.50timberlin villAge oFFiCe mAx, beD, bAtH & beyonD, buy buy bAby 123,953 14,157 0 n/A n/ATOTALS 3,206,269 249,138 100820

N. st. JohNs couNty/ st. AuGustiNe TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSAnAtAsiA PlAzA Publix 102,342 0 4,236 21 5.48belz FACtory outlet worlD outlet stores 314,772 0 n/A neg negCobblestone villAge Publix, beAlls’s, ross, Pier 1 280,000 0 6,200 18 5.79ePiC villAge ePiC tHeAtres 60738 0 1,500 24 5moultrie squAre sHoPPing Center Publix 70,355 0 4,150 18 3.25nortH town (sHoPPes oF) winn Dixie 70,000 0 0 0 0PonCe De leon mAll JC Penney, belk 186,678 n/A n/A neg negriversiDe Center Hobby lobby, big lots, vACAnt (beAlls outlet) 187,591 24,887 10,678 16 2.95seAriDge squAre mArsHAll’s 154,665 86,405 2,400 18-nov 2.37sHoPPes At mission trACe Publix 61,000 0 4,550 25 9.00sHoPPes At murAbellA Publix 77,580 0 1,400 25 9.25sHoPPes At PAlenCiA Commons FooD lion - CloseD 50,301 0 0 0 0.00sHoPPes oF soutH beACH winn Dixie 64,505 0 1,110 18 4.22st. Augustine outlet Center brooks brotHers, Ann tAylor, bAss, HAnes 329,362 n/A n/A 25-30 5.00st. Augustine sHoPPing Center “stAPles, bArnes n noble, DollAr tree 65,988 0 1,750 12 3.72st. JoHn’s PlAzA winn Dixie, seArs 75,515 0 0 25 4.40TOTALS 2,151,392 111,292 37,974

COLLIS [email protected]

904-271-4120

west intracoastal westsiDe soUtHsiDe arlinGton reGencY nortHsiDe BeacHes n st JoHns coUntY st aUGUstine

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ManDarin JUlinGton creeK

GENEVA [email protected]

904-448-8007 x11

PATRICK [email protected]

904-598-7468

KATE [email protected]

904-242-2828

SALLY [email protected]

904-586-3056 x102

BRIAN [email protected]

904-586-3056

STEPHANIE [email protected]

904-899-0449NANCY SUmNER

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TOm [email protected]

904-899-0449

DREW [email protected]

904-253-7878

CARRIE [email protected]

904-271-4122

JAmIE [email protected]

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JASON [email protected]

904-358-1206

SANDY [email protected]

904-292-2212

ELISE [email protected]

904-731-8806

SARA [email protected]

904-731-8806

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Race Track RdRace Track RdRace Track RdRace Track RdRace Track RdRace Track RdRace Track RdRace Track RdRace Track Rd

CR 210CR 210CR 210CR 210CR 210CR 210CR 210CR 210CR 210

Old St Augustine

Old St Augustine

Old St Augustine

Old St AugustineOld St Augustine

Old St Augustine

Old St Augustine

Old St Augustine

Old St AugustineSan

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San

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lvd

San

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Blv

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Clay CountyClay CountyClay CountyClay CountyClay CountyClay CountyClay CountyClay CountyClay County

Putnam CountyPutnam CountyPutnam CountyPutnam CountyPutnam CountyPutnam CountyPutnam CountyPutnam CountyPutnam County

USHwy 1 (Phillips Hwy)









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JacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonville

959595959595959595JacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleInternationalInternationalInternationalInternationalInternationalInternationalInternationalInternationalInternational

AirportAirportAirportAirportAirportAirportAirportAirportAirport

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LemTurner Rd

LemTurner Rd

LemTurner Rd

LemTurner Rd

LemTurner Rd

LemTurner Rd

LemTurner Rd

LemTurner Rd

LemTurner Rd

Dunn AveDunn AveDunn AveDunn AveDunn AveDunn AveDunn AveDunn AveDunn Ave

SR 13SR 13SR 13SR 13

SR 13SR 13SR 13SR 13SR 13

295295295295295295295295295

Kingsley AveKingsley AveKingsley AveKingsley AveKingsley AveKingsley AveKingsley AveKingsley AveKingsley Ave

US

Hw

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US

Hw

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US

Hw

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Hw

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US

Hw

y17

US

Hw

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US

Hw

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US

Hw

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US

Hw

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Green CoveGreen CoveGreen CoveGreen CoveGreen CoveGreen CoveGreen CoveGreen CoveGreen CoveSpringsSpringsSpringsSpringsSpringsSpringsSpringsSpringsSprings

US

Hw

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Hw

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Hw

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US

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US

Hw

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Buccaneer Tr (SR 200)








Buccaneer Tr (SR 200)USHwy

301

USHwy

301

USHwy

301

USHwy

301

USHwy

301

USHwy

301

USHwy

301

USHwy

301

USHwy

301

CallahanCallahanCallahanCallahanCallahanCallahanCallahanCallahanCallahan

101010101010101010

US Hwy 90US Hwy 90US Hwy 90US Hwy 90US Hwy 90US Hwy 90US Hwy 90US Hwy 90US Hwy 90

Normandy Blvd

Normandy Blvd

Normandy Blvd

Normandy Blvd

Normandy Blvd

Normandy Blvd

Normandy Blvd

Normandy Blvd

Normandy Blvd

101010101010101010

103rd St103rd St103rd St103rd St103rd St103rd St103rd St103rd St103rd St

295295295295295295295295295

USHwy

1

USHwy

1

USHwy

1US

Hwy1

USHwy

1US

Hwy1

USHwy

1

USHwy

1

USHwy

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Nassa

u County

Nassa

u County

Nassa

u County

Nassa

u County

Nassa

u County

Nassa

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Nassa

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Nassa

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Nassa

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Duval C

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Duval C

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Duval C

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Duval C

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Duval C

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Duval C

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Duval C

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Duval C

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Duval C

ounty

Duval CountyDuval CountyDuval CountyDuval CountyDuval CountyDuval CountyDuval CountyDuval CountyDuval County

Clay CountyClay CountyClay CountyClay CountyClay CountyClay CountyClay CountyClay CountyClay County



Blanding Blvd

Blanding Blvd

Blanding Blvd

Blanding Blvd

Blanding Blvd

Blanding Blvd

Blanding Blvd

Blanding Blvd

Blanding Blvd

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Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

Argyle Forest Blvd

MacclennyMacclennyMacclennyMacclennyMacclennyMacclennyMacclennyMacclennyMacclenny

USHw

y30

1

USHw

y30

1

USHw

y30

1US

Hwy

301

USHw

y30

1US

Hwy

301

USHw

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1

USHw

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1

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5555555552.52.52.52.52.52.52.52.52.5

milesmilesmilesmilesmilesmilesmilesmilesmiles

000000000

West IntracoastalWest IntracoastalWest IntracoastalWest IntracoastalWest IntracoastalWest IntracoastalWest IntracoastalWest IntracoastalWest Intracoastal

ArlingtonArlingtonArlingtonArlingtonArlingtonArlingtonArlingtonArlingtonArlington

Baymeadows - Baymeadows - Baymeadows - Baymeadows - Baymeadows - Baymeadows - Baymeadows - Baymeadows - Baymeadows - The AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe Avenues

BeachesBeachesBeachesBeachesBeachesBeachesBeachesBeachesBeaches

Amelia Island - Amelia Island - Amelia Island - Amelia Island - Amelia Island - Amelia Island - Amelia Island - Amelia Island - Amelia Island - Fernandina BeachFernandina BeachFernandina BeachFernandina BeachFernandina BeachFernandina BeachFernandina BeachFernandina BeachFernandina Beach

MandarinMandarinMandarinMandarinMandarinMandarinMandarinMandarinMandarin

North JacksonvilleNorth JacksonvilleNorth JacksonvilleNorth JacksonvilleNorth JacksonvilleNorth JacksonvilleNorth JacksonvilleNorth JacksonvilleNorth Jacksonville

Clay County - Clay County - Clay County - Clay County - Clay County - Clay County - Clay County - Clay County - Clay County - Orange ParkOrange ParkOrange ParkOrange ParkOrange ParkOrange ParkOrange ParkOrange ParkOrange Park

RegencyRegencyRegencyRegencyRegencyRegencyRegencyRegencyRegency

SouthsideSouthsideSouthsideSouthsideSouthsideSouthsideSouthsideSouthsideSouthside

St. Johns County - St. Johns County - St. Johns County - St. Johns County - St. Johns County - St. Johns County - St. Johns County - St. Johns County - St. Johns County - St. AugustineSt. AugustineSt. AugustineSt. AugustineSt. AugustineSt. AugustineSt. AugustineSt. AugustineSt. Augustine

WestsideWestsideWestsideWestsideWestsideWestsideWestsideWestsideWestside

Regency Regency Regency Regency Regency Regency Regency Regency Regency Square MallSquare MallSquare MallSquare MallSquare MallSquare MallSquare MallSquare MallSquare Mall

The AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe AvenuesThe Avenues

St Johns St Johns St Johns St Johns St Johns St Johns St Johns St Johns St Johns Town CenterTown CenterTown CenterTown CenterTown CenterTown CenterTown CenterTown CenterTown Center

Oakleaf Town CenterOakleaf Town CenterOakleaf Town CenterOakleaf Town CenterOakleaf Town CenterOakleaf Town CenterOakleaf Town CenterOakleaf Town CenterOakleaf Town Center

Orange Park MallOrange Park MallOrange Park MallOrange Park MallOrange Park MallOrange Park MallOrange Park MallOrange Park MallOrange Park Mall

River City River City River City River City River City River City River City River City River City MarketplaceMarketplaceMarketplaceMarketplaceMarketplaceMarketplaceMarketplaceMarketplaceMarketplace

Ponce De Leon MallPonce De Leon MallPonce De Leon MallPonce De Leon MallPonce De Leon MallPonce De Leon MallPonce De Leon MallPonce De Leon MallPonce De Leon Mall

JACKSONVILLE MSA

This map was produced using data from private and government sources deemed to be reliable, however the information herein is provided without any representation or warranty. Logos are for identifications purposes only and may be trademarks of their respective companies.

2009, The Shopping Center Group, All Rights Reserved. Jacksonville Office (904) 565-2635.©©©©©©©©©Lat: 30.2449 Long: -81.6708 Zoom: 51.75

area Gla total Vacancy Vacancy rateArlington 1,634,127 343,922 21.05%Baymeadows/Avenues 3,330,222 364,115 10.93%Beaches 2,064,730 331,406 16.05%Mandarin/Julington Creek 2,871,103 363,610 12.66%Northside 3,030,997 471,955 15.57%N. St. Johns County/St. Augustine 1,320,580 149,266 11.30%Orange Park/Fleming Island/Middleburg 4,570,065 610,395 13.36%Regency 2,987,357 594,699 19.91%Southside 3,666,705 517,172 14.10%Westside 3,692,825 389,913 10.56%West Intracoastal 2,200,777 320,361 14.56%Total 31,369,488 4,456,814 14.21%this study represents shopping centers in excess of 40,000 square feet

*retAil sPACe unDer ConstruCtion

mANdAriN/JuLiNGtoN creek TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSbArtrAm wAlk stArbuCks, Ponte veDrA sPA 44,814 0 15,162 $22 6.00bArtrAm wAlk (PHAse 2) PizzA PAlACe, blACkstone grille 34,986 0 15,465 $15-22 7.00beAuClerC villAge gooDwill, big lots, beAll’s outlet 70,429 0 7,150 $13 5.29ClAire lAne PlAzA bArnes & noble, Ale House, worlD mArket 106,000 0 14,210 $18 3.50CourtyArD sHoPPing Center tArget, Publix 200,027 0 0 n/A n/ACrossroADs At mAnDArin FooD lion, HArmonious monks 72,136 35,736 5,250 $12 2.96Crown Point PlAzA 5 guys , HoneybAkeD HAm, reD elePHAnt 66,151 0 26,943 $15-$18 3.13JoHns Creek Publix 75,040 0 14,660 $18-$20 6.34Julington squAre FooD lion, moe’s 76,040 35,000 5,040 $15 3.44Julington villAge Publix 81,820 0 0 $26 6.45mAnDArin CentrAl bloCkbuster viDeo, PizzA Hut 63,347 0 10,115 $13.00 4.48mAnDArin Corners wAl-mArt suPerCenter, CAto’s, mArsHAll’s 330,000 0 1,350 $20 5.00mAnDArin emPorium wAlgreens 70,470 22,500 6,000 $14 3.40mAnDArin lAnDing wHole FooDs, oFFiCe DePot 141,037 0 21,750 $20 4.67mAnDArin oAks Publix, brooklyn PizzA 56,700 0 1,560 $24 5.90mAnDArin Pointe beAll’s, Domino’s 74,963 0 3,725 $15 2.55mAnDArin soutH sCHool AiDs, bAiley’s PowerHouse gym 62,255 0 1,800 $18 4.00meDiCAl merCHAnts winn Dixie, memoriAl HeAltH CAre Center 159,823 0 0 $17.50 4.40merCHAnt’s wAlk CArrAbbA’s, tHe looP 53,246 0 1,600 $17-20 5.66olD st. Augustine PlAzA Publix, burlington CoAt FACtory, Hobby lobby 232,458 9,504 3,850 $18 6.99outbACk PlAzA wooDy’s bbq, st. JoHns seAFooD , outbACk 50,861 0 4,250 $14.50-18 4.81PlAntAtion PlAzA Publix 83,756 0 12,062 $20-$22 8.50riverPlACe stein mArt, beAlls, tJ mAxx 257,912 0 3,250 $24 3.57sAn Jose PlAzA boneFisH grill, Just Fitness 92,050 10,000 18,036 $8-15 4.17sHoPPes At bArtrAm PArk Publix, HAllmArk, koHl’s, PAnerA 134,958 0 9,664 $24 6.68st. JoHns Commons winn Dixie 71,352 0 4,900 $16 8.06sHoPPes At Julington Creek FresH mArket 38,670 0 4,256 $24 7.64noCAtee town Center Publix 69,802 0 6,158 $18 7.25

orANGe PArk/FLemiNG isLANd/middLeBurG TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INSArgyle villAge Publix, toys/bAbies r us, beD bAtH, tJ mAxx 301,964 0 5,800 $20-$22 3.66Asbury Commons winn Dixie 55,273 0 5,400 16.00 7.34bolton PlAzA ACADemy sPorts 161,283 44,833 21,650 $12-$15 2.17ClAy PlAzA winn Dixie 61,960 11,325 $6-$12 2.50CrossroADs squAre oFFiCe DePot, Floor & DéCor, HArbour FreigHt tools 174,220 0 10,500 $13-$15 2.37DebArry PlACe 45,815 36,600 2,400 13.00 3.06FAsHion squAre Hooters, ruby tuesDAy, Ale House 71,235 0 8,625 $14-$17 5.06gAtes oF PArk Ave Foot solution, DiAgnostiC HeAltH 43,742 0 10,080 $12-$18.50 4.00grAnD olD PlAzA winn Dixie 55,000 kingsley squAre lowe’s, oFFiCe mAx 115,025 0 1,400 18.00 4.13liberty Center ross, beAlls, sHoe CArnivAl 133,545 10,123 0 18.00 1.96live oAk PlAzA winn Dixie, Cvs 56,892 0 0 15.00 3.00miDDleburg Crossing Publix 64,232 0 4,500 14.00 4.79orAnge PArk PlAzA rooms to go outlet 45,434 0 5,969 15.00 2.00PArk CentrAl PlAzA DollAr generAl, seArs, sAve A lot 84,331 0 26,627 12.00 4.33Pine tree PlAzA Publix 63,387 0 2,000 21.00 6.29PlAntAtion Crossing Home DePot, At&t 204,378 0 32,043 16.00 5.06riDgeCrest PlAzA mArsHAlls, FAmily DollAr 100,621 10,356 19,238 10.00 2.75soutH blAnDing villAge stAPles, big lots, bAileys PowerHouse 108,851 0 9,554 $8.50-$12.50 0.02sPring Creek suPer tArget, Home DePot, PetsmArt 325,000 0 5,000 25.00 4.60tAnglewooD CrAzy Horse stAtion 61,970 32,580 19,715 8.00 3.60tHe PArk 82,500 15,000 20,967 9.50 4.50tuesDAy morning PlAzA tuesDAy morning, sAve A lot, CombAt AtHletiC 97,984 12,000 20,073 14.00 3.95westlAnD PArk lA Fitness, burlington CoAt FACtory, usA DisCounters 163,254 27,310 2,000 $12-$15 4.01tHe villAge Publix, beAll’s outlet 133,554 0 2,113 16.00 3.658151 blAnDing blvD AsHley Furniture, george’s musiC, best buy 94,194 0 0 oAk leAF oAkleAF PlAntAtion Center Publix, bloCkbuster viDeo 68,008 0 0 18.00 4.82oAkleAF town Center tArget, Home DePot, koHl’s 728,636 20,244 25,000 $12-20 7.37oAkleAF Commons Publix 73,717 0 19,800 18.00 56.15 winn Dixie ? oAkleAF stAtion beAll’s, HHgregg 91,208 0 0 n/A Fleming islAnD HiberniA PAvillion Publix 51,298 0 1,312 21.00 5.29islAnD wAlk koHl’s, miCHAels, DollAr tree 158,000 18,000 11,000 “$15 (JA) 5.00 $20 (i)eAgle HArbor town Center winn Dixie 76,474 0 4,576 $18-$22 6.57Fleming islAnD sHoPPes ACHieve Fitness 42,582 0 20,208 14.00 6.00Fleming islAnD Publix, tArget, PetCo 136,662 21,500 12,981 “$18-23 (i) 7.13 $10 (A)Fleming islAnD PlAzA Home DePot 237,836 0 19,993 “$10 (i) 5.36 $20 (oP)totAls 4,570,065 248,546 361,849

Westside TOTAL VACANT VACANT CAM, SHOPPING CENTER ANCHOR(S) LEASABLE ANCHOR LOCAL TERMS TAX, INS103rD street FAmily Center suPer wAl-mArt, 159,710 0 5,500 $14.00 $4.41 103rD street PlAzA oriley’s Auto/stAte oF FloriDA 72,000 0 1,500 $11.00 $4.00 AnCHor PlAzA PowerHouse gym, mr. kiCks, Cvs 162,637 40482 5,032 $13.00 $3.45 CeDAr Hills DollAr tree, winn-Dixie, beAll’s outlet 234,187 0 11,242 $10-$14 $2.60 CommonweAltH winn Dixie, subwAy, PizzA Hut, DollAr tree 81,021 0 8,080 $14.00 $4.89 HillmAn squAre brouDy’s liquors 81,076 0 0 $12.00 $2.50 mAriettA squAre FAmily DollAr, 57,950 35500 7,475 $14 - 19.00 $3.75 normAnDy Crossing Publix 70,720 0 0 $17.00 $5.24 normAnDy lAne PlAzA big lots, FreD’s, beAll’s outlet 181,000 0 6,600 $10.00 $3.00 normAnDy mAll sHoPPes FAmily DollAr, sAlly’s beAuty 44,175 0 6,800 $12.00 $2.75 normAnDy mAll winn-Dixie winn-Dixie mArketPlACe, 140,846 0 18,283 $14.00 $3.30 normAnDy squAre winn-Dixie, FAmily DollAr, Cvs 87,243 0 3,850 $11-$15 $3.62 normAnDy stAtion DollAr tree 65,633 33000 3000 $12.00 $3.90 normAnDy villAge ConCentrA meDiCAl, brooks reHAb 76,635 22,890 11,000 $8.00 $2.89 normAnDy wAl-mArt villAge suPer wAl-mArt, bloCkbuster viDeo 125,500 0 5,350 $25 $4.35 oAk Hill villAge Publix, beAlls outlet store. PlAnet Fitness 78,492 0 0 $13.00 $5.77 oAkleAF PlAntAtion Center Publix, 68,008 5646 0 $22.00 $4.82 oAkleAF town Center tArget, Home DePot, koHl’s (u/C) 728,636 20,468 30,581 $12 - 21 $6.38 PAxon sHoPPing Center sAv-A-lot, Citi trenDs, FAmily DollAr 122,040 0 5,100 $11.00 $3.00 riversiDe mArket squAre Publix, stArbuCks 42,448 0 1,400 $35.00 $10.01 riversiDe villAge FAmily DollAr, 65,000 15,000 2,000 $6 - 7 $2.50 roosevelt squAre belk, stein mArt, Publix 309,360 0 25,678 $20-25.00 $3.41 soutH ortegA mArketPlACe suPer tArget, nAvy FeDerAl 206,500 0 6,486 $12 - 20 $5.38 st. JoHns villAge looP PizzA 41,921 0 8,000 14 $5.25 venetiA villAge winn-Dixie mArketPlACe, 98,355 0 942 $12.50 $1.64 westsiDe JunCtion FAmily DollAr 58,216 0 0 $8.00 $2.00 westsiDe PlAzA oFFiCe DePot, PiCCADilly, JoHnson’s FAmily FleA & FArmers mArket. 170,029 16000 16,706 $7.00 $1.87 wilson squAre 63,487 35000 1,000 $12.00 $3.50 TOTALS 3,692,825 223,986 165,927

Jacksonville, FL Retail Market - Strategic Sites - Client First

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Transcript of Jacksonville, FL Retail Market - Strategic Sites - Client First