SEPTEMBER 29 TO OCTOBER 5, 2022 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
‘SIGNATURE BUILDING’ GOES TO HAKIMIAN
INSIDE
THE BENEFITS ISSUE
Family care emerges as sought-after benefit PAGE 10
Birdsong Hearing opens headquarters in Jacksonville PAGE 11
THE MATHIS REPORT
Special to the Daily Record
Hakimian Holdings bought the 245 Riverside Ave. building, which is flanked by the new Fidelity National Information Services Inc. headquarters and the Winston Family YMCA, for $25.15 million. The structure is 90% occupied.
PAGE 4
The real estate investor buys 245 Riverside for $25.15 million, plans major upgrades. BY KAREN BRUNE MATHIS EDITOR
A signature Downtown Northbank riverfront office building in Brooklyn sold for $25.15 million as its buyer aims for a long-term hold in what he considers one of the best markets in Jacksonville. “This Class A building is in one of the hottest markets in Jacksonville in terms of work and live and play, and in one of the fastest growing areas,” said Hakimian Holdings Inc. President and CEO Ben Hakimian. Through Gates of Riverside LLC, Jacksonville-based Hakim-
ian Holdings bought the property at 245 Riverside Ave. in the Brooklyn area of Downtown from CTO Realty Growth Inc. of Daytona Beach. Hakimian said Gates of Riverside bought the building Sept. 26. The company said the 136,853-square-foot, six-story structure is more than 90% occupied. Hakimian said 10,000 to 14,000 square feet of office space is available for lease. Property records show the property includes a two-story
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DEVELOPMENT
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Deerwood South office space sought by insurer
Hakimian Holdings Inc. President and CEO Ben Hakimian said the building “is in one of the hottest markets in Jacksonville.”
THE BASCH REPORT
Fidelity chairman may buy Premier League soccer team Multiple news reports from the United Kingdom say Bill Foley is in advanced negotiations to buy AFC Bournemouth, a team located in the south coastal region of England. PAGE 14
TriBridge Residential is building the first phase of its riverfront apartment community at the former Times-Union campus, part of a $250 million project. PAGE 6 REAL ESTATE
NW Jacksonville community Corner Lot and DLP Capital are partnering to develop a 1,400-acre project with single-family homes, commercial space. PAGE 8
VOLUME 109, NO. 71 | TWO SECTIONS | PUBLISHED SINCE 1912