30 March Green Cove Springs Shopping Center Sold for $5.8M March 30, 2018 By Laura Pavlus General Green Cove Springs, Shopping Center, Governor's Creek, Austin Kay, Matthew Clark, Prime Realty 0 Full Article Here - Jacksonville Business Journal - by Allison Colburn - March 29, 2018 Green Cove Springs Shopping Center Sold for $5.8 Million A Brooklyn-based investment group has purchased a 32-unit shopping center in Green Cove Springs. Magnolia Associates LLC, based in New Jersey, sold the center for $5.8 million to 1305 North Orange Ave. Holdings LLC, which is named after the shopping center’s address. The property has an 8.2 percent capitalization rate. Herman Niederman and Bernard Niederman, who has a Jacksonville address, are the authorized managers of the purchasing company. The shopping center is located across the street from the Governor’s Creek Public Boat Ramp. At the time of the sale, it was at least more than 70 percent occupied. Among the center’s tenants are Ace Hardware, Dollar General and Woody’s Bar-B-Q. Austin Kay and Matthew Clark of Prime Realty brokered the deal, with Kay taking the lead. “We will continue to handle the leasing for the new ownership and hope to see the center fully occupied in the near future,” Kay said. Related Green Cove Springs Prepares for Population Boom GREEN COVE SPRINGS, Fla. - The small Clay County town of Green Cove Springs is preparing for a population explosion. The outer beltway project is planned near Green Cove Springs and it will bring more people and more traffic along with it. Trinity Fabricators of Green Cove Springs Produces Steel for Baptist M.D. Anderson Cancer Center GREEN COVE SPRINGS – A Green Cove Springs company is playing a key role in helping construct a $150 million building on the Southbank in Jacksonville. Florida's Fastest-Growing Natural Gas Supplier is Coming to Green Cove Springs After more than a year of negotiations and discussions, one of Florida's fastest-growing natural gas suppliers is ready to lay pipe here. Orange Park Medical Center Opens Level II Trauma Center Orange Park Medical Center opened its long-sought trauma center after receiving provisional status from the Florida Department of Health. For now, it’s the second trauma center serving the Northeast Florida region of Clay, Duval, Nassau, Baker and St. Johns counties. UF Health Jacksonville has a Level I trauma center serving the region. Solar Farm Set for South of the City of Green Cove Springs A 425 acre Magnolia Springs Solar Energy Center is proposed for south of Green Cove Springs. Florida Power and Light has purchased the large parcel of land near Leno Road and Haller Airpark. Construction of the project will produce 200 to 300 local jobs for the 7 to 9 months construction period. Green Cove Springs on the Verge of Boom Officials in Green Cove Springs are encouraged by the recent news that Vallencourt Construction Co. will move its headquarters to the old Ace Hardware in the city’s downtown from its former location at 1701 Blanding Blvd. north of Middleburg, shown here. Showing 0 Comment Comments are closed.