Retail Market Overview 4Q-11.indd

MANDARIN/JULINGTON CREEK
SHOPPING CENTER
BARTRAM WALK
BARTRAM WALK
BEAUCLERC VILLAGE
CLAIRE LANE PLAZA
COURTYARD SHOPPING CENTER
CROSSROADS AT MANDARIN
CROWN POINT PLAZA
JOHNS CREEK
JULINGTON SQUARE
JULINGTON VILLAGE
MANDARIN CENTRAL
MANDARIN CORNERS
MANDARIN EMPORIUM
MANDARIN LANDING
MANDARIN OAKS
MANDARIN POINTE
MANDARIN SOUTH
MEDICAL MERCHANTS
MERCHANT’S WALK
OLD ST. AUGUSTINE PLAZA
OUTBACK PLAZA
PLANTATION PLAZA
RIVERPLACE
SAN JOSE PLAZA
SHOPPES AT BARTRAM PARK
ST. JOHNS COMMONS
SHOPPES AT JULINGTON CREEK
NOCATEE TOWN CENTER
ANCHOR(S)
STARBUCKS, PONTE VEDRA SPA
PIZZA PALACE, BLACKSTONE GRILLE
GOODWILL, BIG LOTS, BEALL’S OUTLET
BARNES & NOBLE, ALE HOUSE, WORLD MARKET
TARGET, PUBLIX
FOOD LION, HARMONIOUS MONKS
5 GUYS , HONEYBAKED HAM, RED ELEPHANT
PUBLIX
FOOD LION, MOE’S
PUBLIX
BLOCKBUSTER VIDEO, PIZZA HUT
WAL-MART SUPERCENTER, CATO’S, MARSHALL’S
WALGREENS
WHOLE FOODS, OFFICE DEPOT
PUBLIX, BROOKLYN PIZZA
BEALL’S, DOMINO’S
SCHOOL AIDS, BAILEY’S POWERHOUSE GYM
WINN DIXIE, MEMORIAL HEALTH CARE CENTER
CARRABBA’S, THE LOOP
PUBLIX, BURLINGTON COAT FACTORY, HOBBY LOBBY
WOODY’S BBQ, ST. JOHNS SEAFOOD , OUTBACK
PUBLIX
STEIN MART, BEALLS, TJ MAXX
BONEFISH GRILL, JUST FITNESS
PUBLIX, HALLMARK, KOHL’S, PANERA
WINN DIXIE
FRESH MARKET
PUBLIX
TOTALS
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
44,814
0
17,139
34,986
0
15,465
70,429
0
7,150
106,000
0
11,232
200,027
0
0
72,136
0
5,250
66,151
0
26,943
75,040
0
8,400
76,040
0
5,040
81,820
0
2,800
63,347
0
10,115
330,000
0
1,350
70,470
22,500
6,000
141,037
0
35,335
56,700
0
1,560
74,963
0
3,725
62,255
0
1,800
159,823
0
0
53,246
0
1,600
232,458
9,504
3,850
50,861
0
4,250
83,756
0
9,600
257,912
0
3,250
92,050
10,000
18,036
134,958
0
17,162
71,352
0
4,900
38,670
0
4,096
69,802
0
6,392
2,871,103
42,004
TERMS
$22
$15-22
$13
$18
N/A
$12
$18
$20
$15
$25
$13.00
$20
$14
$20
$24
$14
$18
$17.50
$17-20
$18
$14.50-18
$22
$24
$8-15
$24
$16
$26
$18
CAM,
TAX, INS
6.00
7.00
5.42
3.64
N/A
2.96
4.22
6.34
3.44
6.41
4.48
5.00
3.40
5.27
5.90
3.11
4.00
4.40
5.66
6.99
4.81
8.00
3.57
4.17
6.55
8.06
7.64
7.25
232,440
ORANGE PARK/FLEMING ISLAND/MIDDLEBURG
SHOPPING CENTER
ARGYLE VILLAGE
ASBURY COMMONS
BOLTON PLAZA
CLAY PLAZA
CROSSROADS SQUARE
DEBARRY PLACE
EAGLE HARBER TOWN CENTER
FLEMING ISLAND SHOPPES
FLEMING ISLAND
FASHION SQUARE
FLEMING ISLAND PLAZA
GATES OF PARK AVENUE
GRAND OLD PLAZA
HIBERNIA PAVILLION
ISLAND WALK
KINGSLEY SQUARE
LIBERTY CENTER
LIVE OAK PLAZA
MIDDLEBURG CROSSING
OAKLEAF COMMONS
ORANGE PARK PLAZA
PARK CENTRAL PLAZA
PINE TREE PLAZA
PLANTATION CROSSING
RIDGECREST PLAZA
SOUTH BLANDING VILLAGE
SPRING CREEK
ANCHOR(S)
PUBLIX, JO-ANN FABRICS, T.J.MAXX
WINN DIXIE
ACADEMY SPORTS
WINN-DIXIE, DOLLAR GENERAL
OFFICE DEPOT, FLOOR & DÉCOR, HARBOR FREIGHT TOOLS
FOOD LION
WINN-DIXIE
ACHIEVE FITNESS
PUBLIX, TARGET
HOOTERS, RUBY TUESDAY, CARRABA’S, ALE HOUSE
HOME DEPOT
FOOT SOLUTION
WINN DIXIE
PUBLIX
KOHL’S, PETCO, MICHAELS
LOWE’S, OFFICE MAX
ROSS, BEALLS, SHOE CARNIVAL
WINN-DIXIE, CVS
PUBLIX
PUBLIX
ROOMS-TO-GO OUTLET
DOLLAR GENERAL, SEARS, SAVE A LOT
PUBLIX, HALLMARK
HOME DEPOT, AT&T
MARSHALLS, FAMILY DOLLAR
FOOD LION, STAPLES, BIG LOTS FURNITURE
SUPER TARGET, HOME DEPOT, PETSMART
TANGLEWOOD
THE PARK
TUESDAY MORNING PLAZA
WESTLAND PARK
THE VILLAGE
1851 BLANDING BLVD
CRAZY HORSE SALOON
TUESDAY MORNING, BAILEY’S GYM, WEST MARINE
LA FITNESS, BURLINGTON COAT FACTORY
PUBLIX, BEALL’S
ASHLEY FURNITURE, GEORGE’S MUSIC, BEST BUY
TOTALS
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
TERMS
301,964
0
6,000
$18-$20
55,273
0
0
0
172,938
38,488
26,450
$12-$15
61,960
10,349
0
$6-12
174,220
0
1,600
$12.00
45,815
0
0
$13.00
76,474
0
2,400
$18.00
42,582
34,000
20,208 NEGOTIABLE
136,662
34,000
9,974
$19-23
71,235
0
8,625
$14-17
237,836
0
23,877
$10-$20
43,742
0
9,880
$12-$18.50
55,000
0
0
0
51,298
0
1,312
$20.00
158,000
0
3,000
$25.00
115,025
0
1,400
$18.00
133,545
10,123
0
$18.00
56,892
0
1,400
$14.60
64,232
0
4,910
$18.00
73,717
0
11,200
$18.00
45,434
0
5,969
$15.00
84,331
0
18,362
$12.00
63,387
0
2,100
$18-$21
204,378
0
32,043
$16.00
100,621
10,356
19,975
$12.00
108,954
0
7,154
$8.50
325,000
18,000
0
$18.50(A)
$25(L)
58,390
29,000
24,115
$8.00
82,500
15,000
15,750
$9.00
97,984
12,000
20,073
$14.00
163,254
56,203
13,932
$12-$15
133,554
0
5,623
$14-$16
94,194
0
0
3,690,391
267,519
CAM,
TAX, INS
3.63
6.00
3.00
3.00
2.55
3.06
6.00
6.00
7.13
5.06
5.52
4.00
0
6.99
5.00
4.13
3.09
2.42
5.20
5.45
2.00
4.33
6.04
5.06
2.75
3.33
4.60 (A)
5.00 (L)
4.00
4.70
3.95
4.01
3.77
297,332
WESTSIDE
SHOPPING CENTER
103RD STREET FAMILY CENTER
103RD STREET PLAZA
ANCHOR PLAZA
CEDAR HILLS
COMMONWEALTH
HILLMAN SQUARE
MARIETTA SQUARE
NORMANDY CROSSING
NORMANDY LANE PLAZA
NORMANDY MALL SHOPPES
NORMANDY MALL WINN-DIXIE
NORMANDY SQUARE
NORMANDY STATION
NORMANDY VILLAGE
NORMANDY WAL-MART VILLAGE
OAK HILL VILLAGE
OAKLEAF PLANTATION CENTER
OAKLEAF TOWN CENTER
PAXON SHOPPING CENTER
RIVERSIDE MARKET SQUARE
RIVERSIDE VILLAGE
ROOSEVELT SQUARE
SOUTH ORTEGA MARKETPLACE
ST. JOHNS VILLAGE
VENETIA VILLAGE
ANCHOR(S)
SUPER WAL-MART,
ORILEY’S AUTO/STATE OF FLORIDA
FOOD LION, MR. KICKS, CVS
DOLLAR TREE, WINN-DIXIE, BEALL’S
SAV-RITE, SUBWAY, PIZZA HUT
FOOD LION, BROUDY’S LIQUORS
FOOD LION, FAMILY DOLLAR, UNF MEDICAL CENTER
PUBLIX
BIG LOTS, FRED’S, BEALL’S OUTLET
FAMILY DOLLAR, SALLY’S BEAUTY
WINN-DIXIE MARKETPLACE, BLOCKBUSTER
WINN-DIXIE, FAMILY DOLLAR
FOOD LION, DOLLAR TREE
CONCENTRA MEDICAL, BROOKS REHAB
SUPER WAL-MART, BLOCKBUSTER VIDEO
PUBLIX, BEALLS OUTLET STORE
PUBLIX, BLOCKBUSTER VIDEO
TARGET, HOME DEPOT, KOHL’S (U/C)
SAV-A-LOT, CITI TRENDS, FAMILY DOLLAR
PUBLIX, STARBUCKS
SAV-A-LOT, FAMILY DOLLAR,
BELK, STEIN MART, PUBLIX
SUPER TARGET, NAVY FEDERAL
LOOP PIZZA
WINN-DIXIE,
WESTSIDE JUNCTION
WESTSIDE PLAZA
WILSON SQUARE
SAVE RITE, FAMILY DOLLAR
OFFICE DEPOT, PICCADILLY, JOHNSON’S FAMILY FLEA & FARMERS MARKET
FOOD LION
TOTALS
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
159,710
0
3,300
72000
0
5876
162637
0
5032
234187
0
9300
81021
0
10680
81076
0
27000
57950
0
3475
70720
0
0
181000
0
6600
44175
0
6565
140846
0
18283
87243
0
5350
65633
0
0
76635
22890
16939
125500
0
5350
78492
0
1190
68008
0
0
728636
20468
30581
122040
0
8000
42448
0
1400
65000
15000
1000
309360
0
25,678
206500
0
6486
41921
0
11755
98355
0
7537
58216
170029
63487
0
0
0
0
16706
2625
3,692,825
58,358
211,030
CAM,
TERMS
TAX, INS
$14.00
4.41
11
4
14
3.45
$10-$14
2.94
10
5.64
9
$?
$15-$19
3.75
18
5
10
3
14
2.74
14
3.3
$11-$15
2.62
12
3.9
$9-$12
3
25
4.35
13
5.77
18
4.82
$12-20
7.37
11
3
35
9.1
4.5
1.5
$20-25.00
3.41
12
5.99
$10-14
5.5
$6.75/0.50 MODIFIED
GROSS
8
2
8
1.87
14
2.75
JACKSONVILLE, FLORIDA
4 th Q u a rte r 2 0 1 1
Retail Market
OVERVIEW
Northside
The Northside retail market remains stable with a vacancy rate of 10%, slightly less than this time last year. Rental rates stayed nearly the same across the board with no
new development over the past 12 months. The box vacancy throughout the market remains low and almost half
the centers are now at a 95% occupancy or higher. The
River City Marketplace, developed by Ramco-Gershenson,
saw little turn over and now boasts 100% occupancy levels. Uniformity recently opened and Logan’s Roadhouse
announced they will open their first store in the market
at River City. Ramco’s proposed new 230,000 sf Parkway
Shops is on track to break ground in early 2012 and open
by spring 2013. Gateway Marketplace will soon see a new
McDonald’s, Bank of America and MMCI and a newly renovated Publix Supermarket.
Arlington
2011 brought good news for Arlington. Wendy’s and RaceTrac recently opened new stores on Merrill Rd. and Beauty
Supply bought and remodeled the vacant Napa Auto Parts.
Big Lots and Blue Water Storage Center backfilled a portion of the vacant Wal-Mart box at Merrill Crossing. The
trade area is poised to attract new tenants with some of
the lowest average rental rates in the city. Vacancies left
by Publix, Winn Dixie and Food Lion provide large box opportunities for retailers looking for good locations with
dense population base.
Regency
Regency finally has some good news to report, all be it that
the uses somewhat deviate from traditional retail! Several new concepts moved into the market including the
Poker Room, which purchased and will occupy the former
Garden Ridge space of 140,000 sf +/-. Amazing Consignments will occupy 57,000 sf on the bottom floor of the former Montgomery Wards at Regency Square Mall. dd’s Discounts, a division of Ross Dress for Less, took over the former 22,080 sf Shoe Carnival space in the Regency Plaza
Shopping Center. The former Sound Advice building is undergoing renovation and will be converted into a J.D. Byrider used car franchise. Also, two closed restaurant locations were purchased and redeveloped as a Fifth Third
Bank branch and a free standing AT&T store. The Regency area still has in excess of 200,000 sf of large box space
available in addition to a significant amount of local shops
included in this Retail Overview.
Beaches
Activity in the Beaches submarket continued to improve
in 2011. The dominate trend of absorption of second generation locations throughout the Beaches has been both
refreshing and encouraging. The most activity has been
with regional, national and local restaurant users. Smash
Burger opened their first location in Florida at Seminole
Shoppes along with TCBY Frozen Yogurt. Additional new
restaurants include The Pier Restaurant and Lounge, Pita
Pit, Poe’s Tavern, Nippers, First Watch and the opening of
M Shack in November. The closing of Ocean Club and The
Atlantic have created heavily pursued ocean-front opportunities. Additional closings include Rite Spot and Karma, which were absorbed and are under renovation. The
retail market did not see as much growth, however several sites are under contract with national and regional
tenants. Sprint opened in the newly renovated Sand Dollar Plaza and South Beach Regional shopping center welcomed Ross.
West Intracoastal
The West Intracoastal market remains a strong retail market with Beach and Hodges Blvd’s. the dominant retail intersection. Bubba Burger and TKO’s Thai Hut backfilled existing restaurant space at Hodges Point while CarbuX Car
Wash and Bob Evans opened on outparcels. Hodges Point
plans to build outparcel retail space for First Watch and
Firehouse Subs.
Academy Sports opened in early 2011 at The Fountains,
located at the NWC of Atlantic and Kernan Blvd’s. LA Fitness signed a lease with an anticipated opening date of
summer 2012. The developer, Sleiman Enterprises, continues to pursue national tenants and co-anchors for the proposed 464,000 sf center.
Planet Fitness opened its fourth Jacksonville location at
Medical and Merchants at San Pablo. Memorial Hospital
will close its 61,000 sf facility at Medical and Merchants
and Equity One has preliminary plans to redevelop it in order to reposition the center with new shop space and anchor tenant space.
Southside
The St. Johns Town Center area continues to be the “hottest” retail trade area in northeast Florida. New restaurants include BJ’s Brewhouse, Pollo Tropical, Zaxby’s and
California Pizza Kitchen. Darden’s Seasons 52 and Charles
Schwab are under construction with new stores scheduled
for a fourth quarter opening. In the Tinseltown/Tapestry
Park trade area, a new Aloft Hotel has opened along with
Mora Yogurt Shop, U Sunless Organic Tanning, Rosa’s Aroma Pasta Restaurant, Tilted Kilt and Cruiser’s Restaurant.
The University Blvd./St. Augustine corridor saw the repositioning of Stein Mart from University Plaza to Lakewood Shopping Center. The owners of University Plaza
have a replacement tenant lined up to backfill the former
Publix and Verizon opened a new free-standing store at
the University Blvd./Old St. Augustine interchange. Vacancies remain high in the University Blvd./Beach Blvd. corridors with several larger spaces offering backfill opportunities.
Baymeadows/Avenues
The Avenues/Baymeadows market continues to be upbeat
with local and national retailers backfilling the empty boxes. Forever 21 filled the vacant 117,000 sf Parisian at The
Avenues. Latitude 30, a boutique bowling and entertain-
ment venue, opened in the spring in the former Toys“R”Us
location on Phillips Highway across from The Avenues
Mall. Rumors about the possibility of Winn Dixie reopening in the Pointe Meadows Shopping Center continue. Hurricanes Wings opened at Reedy Branch and Circle K Furniture opened its second Jacksonville location at Southside Square.
North St. Johns County St. Augustine
The St. Augustine market saw no new development since
last quarter. The market continues to be a stable retail hub
around the 312 and US 1 intersection. Box and shop space
in the trade area are limited and occupancy remains low.
The Epic Theater located on SR 207 continues to do well.
This corridor could be the next retail frontier as land is limited in the main trade area.
Mandarin/Julington
The Mandarin and Julington submarkets remained relatively active over the past year. Metro Diner opened
in front of the Fresh Market on SR 13 and First Watch
opened in Riverplace SC. Pollo Tropical opened its second location in Jacksonville in front of Walmart just south
of I-295. The market saw some turnover in small shop
tenants that allowed new tenants such as Panache Aveda Salon, YOBE, Village Bread and Café, and Papa Murphy’s to open in the market. Julington is a family oriented
community that will continue to be a desirable place for
families to live. As an established community with proximity to I-295, Mandarin is still one of the most desirable
markets in Jacksonville and remains a first tier market
for new retailers.
Orange Park/Fleming Island/Middleburg
Orange Park continues to be a strong and mature trade
area. Retail near the I-295 and Blanding Blvd. intersection, with traffic counts near 86,000, continues to grow
with LA Fitness, Ashley Furniture and Buffalo Wild Wings
entering the market. Toys“R”Us is relocating to Argyle Village to create an approximately 56,000 sf combo store
with Babies R Us. PetSmart is backfilling the former World
Market space on Wells Rd. St. Vincent’s HealthCare has
begun their expansion into Clay County, breaking ground
in June for the Middleburg facility on Brannan Field Road
and Blanding Blvd.
Westside
The Westside market saw little change over the past year;
despite a weak economy this area remains stable. Vacancy rates improved slightly, perhaps due to lower base rent
and triple net rates. A few shopping centers changed ownership including Oakleaf Plantation Center which sold to
Publix. This area saw Save-A-Lot relocate to Blanding and
103rd. dd’s entered the market with their 20,000 sf store
at Anchor Plaza, Jacksonville Dialysis at Normandy Village
and Home Renovations at Westside Plaza.
WEST INTRACOASTAL
NORTHSIDE
Amelia
Amelia Island
Island -Beach
Fernandina
Fernandina Beach
US
US
US Hwy
Hwy
Hwy
Hwy
17
17
17
US
US
US
Hwy
Hwy 17
17
17
Callahan
Callahan
:
City
iver City
Ri
River
M
Marketplace
Marketplace
North Jacksonville
North
Jacksonville
TOTALS
Dunn
Dunn
DunnAve
Ave
Ave
Ave
Dunn
Dunn
Dunn
Ave
295
295
295
295
295
295
Regency
Regency
Square
Square Mall
Mall
Arlington
Arlington
249,997
10
10
10
10
10
10
10
Kernan
Kernan
KernanBlvd
Blvd
Blvd
Blvd
Kernan
Kernan
Kernan
Blvd
St Johns
Johns
St
Town
Town Center
Center
92,400
The Avenues
Avenues
The
Baymeadows -Baymeadows
The Avenues
Avenues
The
Old
Old
Old
Old
StAugu
St
St
Augu
Augu
stine
stine
stine
stine
SR9B
SR
SR
SR
9B(future)
9B
9B
(future)
(future)
(future)
6.50
3.75
4.15
Mandarin
Mandarin
US
US
US
Hwy
Hwy
US
US
USHwy
Hwy
Hwy17
17
17
17
17
Branan
Branan
BrananField
Field
FieldRd
Rd
Rd
Field
Rd
Branan
Branan
Branan
Field
Rd
San
San
SanJose
Jose
JoseBlvd
Blvd
Blvd
Jose
Blvd
San
San
San
Jose
Blvd
Kingsley
Kingsley
KingsleyAve
Ave
Ave
Ave
Kingsley
Kingsley
Kingsley
Ave
Ave
dddddd
Blv
Blv
Blv
Blv
Blv
Blv
ing
ing
ing
ing
ing
nd
nd
nd
nd
nd
Bla
Bla
Bla
Bla
Bla
Duval
Duval County
County
St Johns
Johns County
County
St
295
2
2
2295
2295
295
295
295
Clay County
County -Clay
Orange Park
Park
Orange
Ponte
Ponte
Vedra
Vedra
Beach
Beach
Baymeadows
Rd
Baymeadows
BaymeadowsRd
Rd
Rd
Baymeadows
Baymeadows
Baymeadows
Rd
Rd
Orange Park
Park Mall
Mall
Orange
Blvd
Blvd
Blvd
st
st
stBlvd
st
Fore
Fore
Fore
le
leFore
le
Argy
Argylele
Argy
Argy
Argy
Clay
Clay County
County
SR
SR
SR9A
9A
9A
9A//////St
St
StJohns
Johns
JohnsBluff
Bluff
Bluff
St
Johns
Bluff
SR
SR
SR
9A
9A
St
Johns
Bluff
Duval
Duval County
County
Race
Race
Race
Race
Race
Track
Track
Track
TrackRd
Track
Rd
Rd
Rd
Rd
210
210
210
210
210
CR
CR
CR
CR
CR
CR
CR
CR220
220
220
220
CR
CR
CR
220
220
13
13
13
13
13
SR
SR
SR
5.26
3.18
3.82
4.00
3.34
4.80
CR
CR
CR210
210
210
210
CR
CR
CR
210
210
CR
CR
CR
CR
CR
CR
218
218
218
St. Johns
Johns County
County -St.
St.
St. Augustine
Augustine
Green
Green Cove
Cove
Springs
Springs
95
95
95
SR
SR
SR
16
16
SR
SR
SR16
16
16
16
3.71
3.50
2.00
TOTALS
SR
SR
SR
SR
SR
312
312
312
312
312
263,227
Clay
Clay County
County
TOTALS
2,999,165
208,071
107,303
BEACHES
ANCHOR(S)
JO-ANN FABRICS, DOLLAR TREE
MONKEY JUNGLE, BAILEY’S POWERHOUSE, DOLLAR TREE,
U.S. POSTAL OFFICE/JAX BEACH, THE BRASSERIE RESTAURANT & BALLROOM
PIER 1 IMPORTS, WORLD MARKET, STONEWOOD GRILL, PETCO
FOOD LION, FAMILY DOLLAR
K-MART, BEALL’S, ACE
PUBLIX
NORTH BEACH BISTRO, FISH MARKET
OFFICE DEPOT, MARSHALLS, HOME GOODS
NAVY EXCHANGE, DOLLAR GENERAL
WINN DIXIE
TIRE KINGDOM, BEACHES DINER, BRUCCI’S, NEW YORK BUTCHER SHOPPE
WINN DIXIE
PUBLIX, CVS
PUBLIX
PUBLIX, TARGET, TURNER ACE HARDWARE, BOOKS A MILLION
STEIN MART, BEALLS, BED BATH & BEYOND, HOME DEPOT
FRESH MARKET, TUESDAY MORNING
MELLOW MUSHROOM, SALT LIFE FOOD SHACK, GREGORY’S JEWLERS, SPORTS MANIA
TOTALS
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
100,559
39,795
11,044
161,000
50,000
6,000
59,586
63,992
150,484
78,240
58,000
140,000
63,000
115,000
71,660
92,000
115,934
43,747
300,000
289,964
55,226
47,543
0
0
0
0
0
0
0
20,300
18,000
0
0
0
0
0
0
0
2,005,935
128,095
TERMS
$16.00
$10 & UP
CAM,
TAX, INS
5.77
5.00
2,067
$22-22
6,725
$10.00
7,300
$12.50
2,660
$27.00
0
$13-$15
18,332
$18.00
15,150
$10-12
0
$18.00
11,500
$18 - 20
7,626
$22.00
21,599 TEMP. $15-$23
4,457
$22.00
5,500
$25-$28
37,483
$20.00
5,685
$20.00
7,891
$16-$18
5.22
3.21
2.56
7.61
5.00
5.77
3.50
3.75
4.78
4.75
5.50
7.25
4.55
5.44
5.19
5.12
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
166,759
0
0
100,589
0
6,100
120,000
45,000
8,235
200,000
0
37,070
67,528
0
5,600
108,781
29,000
24,795
55,215
25,000
1,600
122,064
20,000
7,135
141,338
0
6,729
56,479
0
10,712
145,099
12,000
6,600
208,192
33,000
9,000
1,200,000
0
0
69,453
7,570
0
41,000
0
22,728
116,565
0
6,000
43,650
8,000
11,459
108,332
45,000
6,732
84,308
0
6,750
3,155,352
224,570
TERMS
$11.00
$10-$12.50
$9- $12
$14-$24
$22.00
$11-$16
$5.00
$9.00
$14.00
$10.00
$12-$16
$12-$19
WND
$15.00
$22.00
$11-$14
$12-$18
$11.00
$11.00
CAM,
TAX, INS
2.50
3.05
2.00
4.68
7.75
2.50
5.30
2.25
2.65
4.97
2.50
4.00
4.00
7.25
3.50
3.25
2.28
2.00
177,245
00
2.5
2.5
55
miles
Area
Arlington
Baymeadows/Avenues
Beaches
Mandarin/Julington Creek
Northside
N. St. Johns County/St. Augustine
Orange Park/Fleming Island/Middleburg
Regency
Southside
Westside
West Intracoastal
Total
BAYMEADOWS/AVENUES
Ponce De
Ponce
De Leon
Leon Mall
Mall
Putnam County
County
Putnam
TOTAL VACANT VACANT
CAM,
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
333,942
68,386
35,046
$15-$18
2.58
67,129
0
10,434
$14
4.78
205,696
30,000
10,800
$10
2.61
218,646
26,936
18024
$9-$18
3.22
291,808
41,305
24,411
$10-$12
5.21
65,286
0
0
N/A
N/A
0
0
0
0.00
72,729
33,444
0 NEGOTIABLE
4.00
1,386,950
N/A
VARIES
VARIES
66,979
8,000
5,550
$14-$18
4.00
290,000
0
3,038
$14 MODIFIED
GROSS
ANCHOR(S)
HOBBY LOBBY, AMERICAN SIGNATURE, BEALL’S OUTLET, BOOKS A MILLION
MATTRESS GIANT, DOLLAR GENERAL
BURLINGTON COAT FACTORY, OFFICEMAX, DD’S
OFFICE DEPOT, SPORTS AUTHORITY, COMPUSA,
ROSS, BEALL’S, MICHAELS, HH GREGG
BEST BUY, GUITAR CENTER,
HOME DEPOT, PETSMART, TARGET, LOWES
BED BATH & BEYOND
SEARS, JC PENNY, DILLARDS OUTLET, BELKS,
BLOCKBUSTER, AARON RENTS, FAMILY DOLLAR
WAL-MART SUPERCENTER
ANCHOR(S)
WINN-DIXIE, CITY TRENDS, FL FURNITURE LIQUIDATORS
STAPLES
WINN-DIXIE, TUESDAY MORNING
WINN-DIXIE, STEIN MART, CRUISER’S GRILL
PUBLIX
UNIVERSITY OF FL PEDIATRIC CENTER
FAMILY DOLLAR
K-MART
FAMILY DOLLAR
FISERV, DOLLAR GENERAL
HUBBARD HOUSE THRIFT STORE, SAVE-A-LOT, DEPARTMENT OF MOTOR VEHICLES
WINN-DIXIE, AJ WRIGHT, GOLDS GYM
DILLARD’S, TARGET, DICK’S SPORTING GOODS
GEORGIA CARPET OUTLET, WOODY’S BARBQ
HOTEL INDIDO, III FORKS, CORNER BISTRO & WINE BAR
IGA, DOLLAR GENERAL
FIREHOUSE SUBS, HALA CAFÉ
DOLLAR TREE
WINN-DIXIE, TRUCK OPTIONS
St Augustine
REGENCY
MARSH LANDING PLAZA
ATLANTIC BEACH COMMONS
NEPTUNE PLAZA
SEMINOLE SHOPPES
NORTH BEACH CENTER
PABLO PLAZA
PAN/AM PLAZA
PENMAN PLAZA
PONTE VEDRA POINTE
PONTE VEDRA SQUARE
SAWGRASS VILLAGE
SHOPPES OF PALM VALLEY
SOUTH BEACH PARKWAY
SOUTH BEACH REGIONAL
THE CORRIDORS OF PONTE VEDRA
SEA WALK VILLAGE SHOPPING CENTER
129,019
SR
SR16
16
16
SR
16
SR
SR
SR
16
16
SR
SR
SR
SR
SR
20
20
20
20
20
777777
1,633,927
Oakleaf Town
Town Center
Center
Oakleaf
CAM,
TAX, INS
2.70
2.62
Beaches
Beaches
Turner
Turner
JJJ
JTurner
Turner
TurnerButler
Butler
Butler
Butler
ButlerBlvd
Blvd
Blvd
Blvd
Blvd
Blvd
Southside
Southside
SouthsideBlvd
Blvd
Blvd
Blvd
Southside
Southside
Southside
Blvd
Blvd
TOTALS
TERMS
$10
$15.00
N/A
$18.00
$15.00
$17-$12
N/A
$12.00
$7.00
$10.00
$12.00
$12.50
$16.00
NEG
$14.00
$16.00
$10.00
San
San
SanPablo
PabloPkwy
Pkwy
Pablo
Pkwy
San
San
San
Pablo
Pkwy
West Intracoastal
Intracoastal
West
University
University
Universityof
of
of
North
North
NorthFlorida
Florida
Florida
Florida
North
North
North
Florida
Florida
Southside
Southside
yyy
Hwyyy
Hw
Hw
Hw
ie
ie
ie Hw
ie
Dixie
Dix
Dix
Dix
Dix
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
182,098
0 103,404
58,172
0
4,704
97,141
0
N/A
93,272
0
10,980
40,000
0
16,919
141,650
0
23,850
84,525
0
N/A
74,546
0
9,480
73,729
34,400
28,990
55,284
0
1,625
184,542
18,000
10,600
78,000
0
11,500
32,628
0
12,075
64,905
0
8,400
76,628
0
2,400
71,955
0
5,600
224,852
40,000
12,700
Jacksonville
Jacksonville
Beach
Beach
Beach
Beach
BeachBlvd
Blvd
Blvd
Blvd
Beach
Beach
Beach
Blvd
95
95
95
95
95
95
Hod
Hod
Hod
Hod
Hodges
Hod
ges
ges
ges
ges
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
dy
dy
dy
dy
dy
dy
man
man
man
man
man
Nor
Nor
Nor
Nor
Nor
Nor
Westside
Westside
y)
y)
y)
y)
y)
Hw
Hw
Hw
Hw
ssssssHw
illip
illip
illip
illip
illip
(Ph
(Ph
(Ph
(Ph
(Ph
111(Ph
yyyyy111
Hw
Hw
Hw
Hw
Hw
US
US
US
US
US
US
US
US
US
USHwy
US
Hwy
Hwy
Hwy
Hwy
Hwy
301
301
301
301
301
301
University
University
University
UniversityBlvd
University
Blvd
Blvd
Blvd
Blvd
Blvd
Regency
Regency
103rd
103rd
103rdSt
St
St
St
103rd
103rd
103rd
St
ANCHOR(S)
FOOD LION, BEALLS OUTLET
PUBLIX
WINN DIXIE, DOLLAR GENERAL, REGENCY CAP & GOWN
PUBLIX, WALGREENS
BLOCKBUSTER
PUBLIX, FAMILY DOLLAR, POWERHOUSE GYM
FLORIDA BACKYARD FURNITURE
WINN DIXIE, CITI TRENDS
DOLLAR GENERAL
SAVE-A-LOT, AUTO ZONE, FAMILY DOLLAR
GOLD’S GYM, CATO PLUS, BIG LOTS
FOOD LION, SHERWIN WILLIAMS
LITTLE CAESAR’S
WALGREENS, BAILY’S POWERHOUSE GYM
WINN DIXIE, CVS
PUBLIX
WINN DIXIE, MCDONALD’S, PLUSH CLUB, GOODWILL
SHOPPING CENTER
BEACH BOULEVARD
BOULEVARD CORNERS
BRIARWOOD SHOPPING CENTER
LAKEWOOD SHOPPING CENTER
DEERWOOD LAKE COMMONS
DUPONT STATION
EMERSON PLAZA
KMART PLAZA
SANTA MONICA CENTER
SHOPPES OF SAN JOSE
SOUTHGATE PLAZA
ST. JOHNS SQUARE
ST. JOHNS TOWN CENTER
ST. JOHN’S VILLAGE
TAPESTRY PARK
THE PROMENADE AT BEACH BLVD
UNIVERSITY CENTER SOUTH
UNIVERSITY CENTER
UNIVERSITY PLAZA
Atlantic
Atlantic
AtlanticBlvd
Blvd
Blvd
Blvd
Atlantic
Atlantic
Atlantic
Blvd
Blvd
Macclenny
Macclenny
ARLINGTON
SHOPPING CENTER
ATLANTIC VILLAGE
BEACH PLAZA CITY CENTER
172,188
CAM,
TAX, INS
5.11
4.59
N/A
3.51
5.00
4.59
3.94
4.70
6.24
7.00
4.00
4.01
4.27
7.05
SOUTHSIDE
Atlantic
Atlantic
Ocean
Ocean
SR
SR
SRA1A
A1A
A1A
A1A
SR
SR
SR
A1A
A1A
Jac
Jacksonville
90
90
90
90
90
Hwy
Hwy
Hwy
US
US
Hwy90
Hwy
USHwy
US
US
Under
Under
UnderConstruction
Construction
Construction
Construction
Under
Under
Under
Construction
Construction
89,690
11,747
3,600
4,500
14,913
St.
St. John's
John's River
River
30,690
12,000
12,000
0
A1A
A1A
A1A
SRA1A
A1A
SR
SR
SR
3,222,337
SHOPPING CENTER
REGENCY PARK
REGENCY POINTE
REGENCY PLAZA
REGENCY COURT
REGENCY COMMONS
REGENCY BEST BUY BUILDING
REGENCY ANNEX
CB SQUARE
REGENCY SQUARE MALL
DISCOVERY ZONE PLAZA
KENDALL TOWN CENTER
2,128,591
TERMS
$28.00
$18.00
N/A
$20.00
$24.00
$24.00
$24.00
$18.00
$17.00
$24.00
$12.00
$12.00
$16.00
$22-$24
11
yyy111
Hw
Hwyy
Hw
Hw
Hw
78,800
91,300
58,000
53,262
TOTALS
SHOPPING CENTER
ARLINGTON PLAZA
ATLANTIC BOULEVARD PLAZA
ATLANTIC SOUTH SHOPPING CENTER
COBBLESTONE CROSSING
COBBLESTONE PLAZA
DAMES POINT PLAZA
FLORIDA BACKYARD CENTER
FORT CAROLINE TRADING POST
GAZEBO SHOPPING CENTER
LAKE LUCINA SHOPPING CENTER
MERRILL CROSSING
MERRILL STATION
J & J CENTRAL PLAZA
MONUMENT LANDING
MONUMENT POINTE
PUBLIX PLAZA
TOWN & COUNTRY SHOPPING CENTER
95
95
95
95
95
95
95
Jacksonville
Jacksonville
Jacksonville
Jacksonville
Jacksonville
Jacksonville
International
International
International
International
International
Airport
Airport
Airport
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
109,000
0
0
151,492
0
9,880
71,297
0
0
103,552
0
7,850
113,150
0
16,138
342,475
6
6,100
80,000
0
1,600
268,477
0
6,318
152,761
61,000
7,371
291,783
0
8,231
90,084
0
27,286
224,029 111,182
23,165
69,000
0
7,030
61,491
0
8,050
ANCHOR(S)
KOHL’S, OFFICE DEPOT
BJ’S WHOLESALE CENTER
WINN DIXIE
PUBLIX, CVS PHARMACY
STEIN MARKET, FRESH MARKET
BEALLS, WAL-MART
PUBLIX
SUPER WAL-MART, ROSS
PUBLIX, PLANET FITNESS
TARGET, MICHAELS, OFFICE MAX
BIG LOT’S, SHERMAN WILLIAMS
HOBBY LOBBY
FOOD LION
PUBLIX
NN
4.50
NA
2.29
3.66
Amelia
Amelia Island
Island //
Fernandina
Fernandina Beach
Beach
200)
200)
200)
200)
200)
200)
(SR
(SR
(SR
(SR
(SR
Tr
Tr
Tr (SR
Tr
Tr
er
er
erTr
cane
cane
cane
cane
cane
Buc
Buc
Buc
Buc
Buc
Buc
aass
ssaa
DDu
uu
uvv
CC
aa
oouu
ll CC
nn
oouu
tyty
nnty
ty
$9-$10
NA
$8.00
$10.00
SHOPPING CENTER
ATLANTIC VILLAGE WEST
BJ’S WHOLESALE CENTER
GIRVIN PLAZA NE
HARBOUR PLACE
HARBOUR VILLAGE @ SAN PABLO BLVD
HODGES POINT
KERNAN SQUARE
KERNAN VILLAGE WEST
MEDICAL MERCHANT CTR SAN PABLO
PABLO CREEK EAST
PABLO STATION
SAN PABLO FAMILY CENTER
VILLAGE SHOPPES @ SAN PABLO
WINDSOR COMMONS
US
US
US
US
FAMILY DOLLAR
WAL-MART SUPERCENTER, LOWE’S, OFFICE MAX, BEST BUY, MICHAEL’S,
GANDER MOUNTAIN, AND ROSS
DOLLAR GENERAL
UF & SHANDS FAMILY PRACTICE
FAMILY DOLLAR
ST. JOHNS SEAFOOD, COUNTRY CABIN, ERA DAN JONES & ASSOCIATES
TERMS
$14-$12
$10.00
$15-$16
$16.00
$12.00
$10.00
$16-$17
$15.00
$12.50
$17.00
$8-$10
$14.00
$3.35
$10.00
$9-$11
$25-$30
Rd
Rd
Rd
rrrrRd
rne
rne
rne
rne
rne
Tu
Tu
Tu
Tu
m
mTu
m
m
m
Le
Le
Le
Le
RUTGERS PLAZA
SHOP OF SHERWOOD
SHOPPES OF NORFOLK
SHOPPING PLACE (THE)
ANCHOR(S)
RICH’S BARBEQUE, JAX SPORTS BAR
JT’S BARBEQUE
FOOD LION, FAMILY DOLLAR
PUBLIX
WINN-DIXIE
PUBLIX, WALGREENS
PUBLIX, BEALL’S OUTLET
WINN-DIXIE, BEALL’S OUTLET, JC PENNEYS
FOOD LION
VYSTAR, JACKSONVILLE ORTHOPEDIC
SAVERITE
FOOD LION
WINN-DIXIE
CAM,
TAX, INS
3.37
3.50
5.07
4.03
3.50
2.15
3.67
3.39
3.75
4.00
2.00
3.00
2.37
2.00
2.30
6.67
301
301
301
301
301
yyyyyy301
Hw
Hw
Hw
Hw
Hw
Hw
US
US
US
US
US
US
SHOPPING CENTER
CEDAR BAY VILLAGE
DUNN AVENUE PLAZA
DUNN VILLAGE
DUVAL STATION CENTRE
EDGEWOOD SQUARE
GATEWAY MARKETPLACE
HIGHLAND SQUARE
JACKSONVILLE REGIONAL
MAIN STREET STATION
MAIN STREET PLACE
NORTHSIDE PLAZA
OCEANWAY CROSSING
OCEANWAY PLAZA
PEARL PLAZA
RENAISSANCE PLAZA NORTH
RIVER CITY MARKETPLACE
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
30,638
0
5,450
41,966
0
0
138,000
10,000
15,600
72,840
0
4,200
74,000
0
3,000
490,000
25,000 125,000
261,513
0
19,157
295,090
0
24,480
40,800
0
1,200
41,839
0
1,000
122,000
0
5,700
40,800
0
0
57,376
0
8,450
45,000
0
2,000
59,113
0
0
1,130,000
0
0
GLA
Total
Vacancy
Vacancy
Rate
1,633,927
3,389,269
2,005,935
2,871,103
3,222,337
1,770,879
3,690,391
2,999,165
3,155,352
3,692,825
2,128,591
30,559,774
355,627
363,191
299,114
274,444
339,687
138,384
564,851
315,374
401,815
269,388
301,207
3,623,082
21.77%
10.72%
14.91%
9.56%
10.54%
7.81%
15.31%
10.52%
12.73%
7.29%
14.15%
11.86%
This study represents shopping centers in excess of 40,0000 square feet
SHOPPING CENTER
THE AVENUES
AVENUE’S NORTH
AVENUE’S WALK
BAYMEADOWS COMMONS
BAYMEADOWS FESTIVAL
BAYMEADOWS JUNCTION
BAYMEADOWS SQUARE
BAYMEADOWS VILLAGE
BRIERWOOD VILLAGE PLAZA
DEERWOOD MARKETPLACE
DEERWOOD VILLAGE MALL
POINT MEADOWS
REEDY BRANCH
THE SHOPPES OF SOUTHSIDE
SOUTHSIDE SQUARE
TIMBERLIN VILLAGE
ANCHOR(S)
DILLARDS, BELK, JCPENNY’S, FOREVER 21
BASSETT FURNITURE DIRECT, BEDS FOR LESS
WALMART, HHGREGG, HAVERTY’S
BAILEY’S POWERHOUSE GYM, CHILI’S
GATOR’S DOCKSIDE, DOLLAR TREE, LARRY’S GIANT SUBS, (FORMER GOLD’S GYM)
JUST FITNESS, SCAN DESIGN, WOODY’S BAR-B-Q
LOWE’S, B.J.’S, AL’S PIZZA
PANERA BREAD, SPRINT, FEDEX KINKO’S
WINN-DIXIE, TUESDAY MORNING, SUBWAY
WINN-DIXIE
PUBLIX, DUNKIN DONUTS, SUBWAY, GNC
STEIN MART
PUBLIX, HURRICANE GRILL & WINGS
BEST BUY, SPORTS AUTHORITY, DAVID’S BRIDAL
TARGET, HOME DEPOT
OFFICE MAX, BED, BATH & BEYOND
TOTALS
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
TERMS
1,300,000
0
0
N/A
98,679
25,000
18,130
$5.00-14.00
351,300
0
0
$25.00
73,900
0
8,400
$20.00
106,766
37,000
6,639
$14.00
155,000
21,600
6,600 $12.00-$15.00
296,000
0
1,750
$25.00
58,498
12,790
1,200 $14.00-$16.00
125,419
44,450
8,235 $9.00-$11.00
65,263
0
0
$21.00
72,054
0
8,249
$22.00
102,602
45,802
13,200 $16.00-$20.00
75,906
0
6,900
$18.00
109,113
0
2,800 $28.00-$30.00
398,769
77,296
17,150 $15.00-$25.00
123,953
39,173
0
$15.00
3,389,269
263,938
CAM,
TAX, INS
N/A
5.00
6.61
4.70
6.30
3.50
6.40
4.51
2.00
4.00
6.64
5.21
6.11
5.67
3.60
3.36
99,253
N. ST. JOHNS COUNTY/ ST. AUGUSTINE
SHOPPING CENTER
ANATASIA PLAZA
COBBLESTONE VILLAGE
EPIC VILLAGE
LEWIS POINT PLAZA
MOULTRIE SQUARE SHOPPING CENTER
NOCATEE TOWN CENTER
PONCE DE LEON MALL
RIVERSIDE CENTER
SEABRIDGE SQUARE
SHOPPES AT MISSION TRACE
SHOPPES AT MURABELLA
SHOPPES AT PALENCIA COMMONS
SHOPPES OF NORTH TOWN
SHOPPES OF SOUTH BEACH
SHORES VILLAGE
ST. AUGUSTINE SHOPPING CENTER
ST. JOHN’S PLAZA
VILANO BEACH TOWN CENTER
TOTAL VACANT VACANT
LEASABLE ANCHOR LOCAL
102,342
0
4,860
261,081
0
10,200
60,738
0
3,485
80,030
0
3,200
71,145
0
2,000
69,678
0
6,401
209,778
0
17,680
196,655
24,887
12,081
154,665
0
8,500
61,000
0
4,900
77,580
0
1,400
50,301
0
6,500
70,000
0
2,300
64,505
0
2,220
56,128
0
16,140
65,988
0
1,750
82,465
0
1,080
36,800
0
8,800
ANCHOR(S)
PUBLIX
PUBLIX, BEALL’S, ROSS, PIER 1
EPIC THEATER
FOOD LION, PLANET FITNESS, FAMILY DOLLAR
PUBLIX
PUBLIX
JC PENNEY, BELK
HOBBY LOBBY, BIG LOTS, VACANT (BEALLS OUTLET)
MARSHALL’S, K-MART
PUBLIX
PUBLIX
FOOD LION
WINN DIXIE
WINN DIXIE
FOOD LION
STAPLES, BARNES N NOBLE, DOLLAR TREE
WINN DIXIE, PET SUPERMARKET, WEST MARINE
PUBLIX
TOTALS
1,770,879
24,887
TERMS
21
$14.50-$18
$17-$19
16
17
18
NEG
$14-$16
16
25
25
$16.00
$14-$16
16
15
14
$20-$25
25
CAM,
TAX, INS
5.48
3.17
7.00
3.25
3.75
7.25
NEG
2.90
2.21
8.50
9.00
5.30
2.00
4.58
4.00
4.32
4.40
5.00
113,497
171,019
JAMIE SWANSON
ELISE GREENBAUM
SANDY PEREZ
FRANK TING
DREW MARGOL
CARRIE SMITH
STEPHANIE MOUNT
GENEVA HENDERSON
PATRICK McKINLEY
KATE CLIFFORD
SALLY LEE
[email protected]
904-565-2635
[email protected]
904-731-8806
[email protected]
904-292-2212
[email protected]
[email protected]
904-253-7878
carrie.smith@franklinstreetfinancial.com
904-271-4122
[email protected]
904-899-0449
[email protected]
904-448-8007 x11
[email protected]
904-598-7468
[email protected]
904-242-2828
[email protected]
904-565-4084
[email protected]
904-731-8806
WEST INTRACOASTAL
WESTSIDE
JASON RYALS
[email protected]
904-358-1206
SARA BALDWIN
SOUTHSIDE
ARLINGTON
REGENCY
NORTHSIDE
NANCY SUMNER
TOM MUNDY
[email protected]
904-899-0449
[email protected]
904-242-2828
ORANGE PARK
FLEMING ISLAND
BAYMEADOWS
AVENUES
MANDARIN
JULINGTON CREEK
BEACHES
N ST JOHNS COUNTY
ST AUGUSTINE