Deerfield Beach, Florida (January 9, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 64,608 square foot office building located at 435 Clark Road Jacksonville, Florida. The seller, 435 Clark Road, LLC, sold the office building to 435 Clark Road Holdings, LLC.
The property was only 16% occupied at the time of the sale. The New York based investment group that purchased the building plans to renovate and begin to lease up the property with regional and local tenants. “This sale represents how the northern Jacksonville sub market has still not recovered from the recession and provided a great opportunity for the buyer to purchase at below market and replacement value” said Daniel Otten.
Daniel Otten, Vice President, Brokerage and Advisory Services at Friedman and Rich Deptula National Director, Investment Advisory Services at Friedman represented the buyer and the seller in this transaction.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout Florida and the United States. Headquartered in Farmington Hills, Michigan, Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com
