Q2 Retail Market Report

Jacksonville, FL
Retail
Market
2Q 2012
Overview
The North Florida retail market
in early 2012 has seen improving 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 vacancies have increased with the announcement 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 announced that it would close 2 local
stores, further adding to the list of
vacant boxes.
North Florida continues to attract new retailers with Bed Bath
& Beyond’s entry of its Buy Buy
Baby store to Timberlin Village at
The Avenues, while REI is coming to Markets at Town Center.
LA Fitness, a health club operating across the country, is opening up four new locations at The
Fountains near Acadmey Sports,
Atlantic Beach in the former Publix, Lakewood in the former Publix and Orange Park in the former
Sports Authority.
Other retailers expanding are
Dick’s Sporting Goods and Marshalls with new stores under
construction at Parkway Shoppes, the continuation of the very
successful River City Marketplace 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 Enterprises. dd’s Discounts recently
opened their second store at Regency Plaza next to Burlington
Coat Factory in the Regency submarket. The Regency market continues to have higher big box vacancies due to the lack of new box
tenants looking for space in this
market.
Several new single tenant buildings were recently built for tenants such as AT&T, Verizon, Pollo
Tropical, BJ’s Restaurant and Brewhouse, Seasons 52, First Watch,
Starbucks, Dunkin’ Donuts and
Brio Tuscan Grille. Other tenants
actively doing new deals are Carrabba’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, Aspen Dental, Heartland Dental and
Planet Fitness.
St. Johns Town Center continues to be the dominant retail trade
area in North Florida. Other markets that remain strong are the
West Beaches, Mandarin, Beaches, Avenues, Orange Park and River City (Northside). We expect to
see this trend continue in the retail
markets with higher occupancies.
Only two major centers are under construction at this time, Parkway Shoppes and Villages of Ame-
lia. We look for mostly smaller developments on remaining vacant
lands or redevelopment of existing
buildings within these markets.
Most big box retailers have reduced their building size in an effort to reduce overall occupancy
costs in an effort to improve bottom line performance at the store
level. We expect this trend to continue due to the increased competition from internet retailers. Several retailers will strongly consider
relocating to new or existing centers 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 Florida will remain a stable environment for National Investors such
as Cole Investments, Weingarten,
Blackstone, Equity One and our local REIT Regency Centers to continue to acquire property in this
market.
In summary, North Florida continues 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.
JACKSONVILLE MSA
Lat: 30.2449
Amelia
Amelia Island
Island -Fernandina
Fernandina Beach
Beach
US
US
US Hwy
Hwy
Hwy 17
17
17
Hwy
17
US
US
US
Hwy
17
Callahan
Callahan
´
95
95
95
95
95
95
95
Jacksonville
Jacksonville
Jacksonville
Jacksonville
Jacksonville
Jacksonville
International
International
International
International
International
Airport
Airport
Airport
6.67
4.50
2.29
3.75
River
River City
City
Marketplace
Marketplace
q
North
North Jacksonville
Jacksonville
Dunn
Dunn
DunnAve
Ave
Ave
Ave
Dunn
Dunn
Dunn
Ave
aass
ss
DD
uuvv aauu
CC
aall
oouu
CCoo
nntyty
uunn
tyty
Totals
NN
$25-$30
$9-$10
$6-$8
$11.00
Amelia
Amelia Island
Island //
Fernandina
Fernandina Beach
Beach
200)
200)
200)
200)
200)
(SR
(SR
(SR
(SR
(SR
(SR
Jacksonville
Regency
Regency
Square
Square Mall
Mall
Arlington
Arlington
90
90
90
90
Hwy
Hwy
US
US
Hwy90
Hwy
US
USHwy
US
q
Kernan
Kernan
KernanBlvd
Blvd
Blvd
Blvd
Kernan
Kernan
Kernan
Blvd
University
University
University
UniversityBlvd
University
University
Blvd
Blvd
Blvd
Blvd
Blvd
Oakleaf
Oakleaf Town
Town Center
Center
St
St Johns
Johns
Town
Town Center
Center
q
Ponte
Ponte
Vedra
Vedra
Beach
Beach
The
The Avenues
Avenues
Baymeadows
Baymeadows -The
The Avenues
Avenues
Mandarin
Mandarin
Old
Old
Old
OldSt
Old
Old
St
St
StAugu
St
St
Augu
Augu
Augustine
Augu
Augu
stine
stine
stine
stine
stine
SR
SR
SR9B
SR
SR
SR
9B
9B(future)
9B
9B
9B
(future)
(future)
(future)
(future)
(future)
US
US
US
Hwy
Hwy
USHwy
US
US
Hwy17
Hwy
Hwy
17
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
ddddd
Blv
Blv
Blv
Blv
Blv
ing
ing
ing
ing
nding
nd
nd
nd
nd
Bla
Bla
Bla
Bla
Bla
Duval
Duval County
County
295
295
295
295
295
295
q
Clay
Clay County
County -Orange
Orange Park
Park
Beaches
Beaches
J
Turner
Turner
JJ
JJ
JTurner
Turner
Turner
TurnerButler
Butler
Butler
Butler
Butler
ButlerBlvd
Blvd
Blvd
Blvd
Blvd
Blvd
Baymeadows
Baymeadows
BaymeadowsRd
Rd
Rd
Rd
Baymeadows
Baymeadows
Baymeadows
Rd
Rd
Orange
Orange Park
Park Mall
Mall
Blvd
Blvd
Blvd
Blvd
st
stBlvd
st
st
Fore
Forest
Fore
Fore
le
leFore
le
Argy
Argylele
Argy
Argy
Argy
Clay
Clay County
County
q
St
St Johns
Johns County
County
q
Duval
Duval County
County
University
University
Universityof
of
of
North
North
NorthFlorida
Florida
Florida
Florida
North
North
North
Florida
Florida
Southside
Southside
Southside
Southside
SouthsideBlvd
Blvd
Blvd
Blvd
Southside
Southside
Southside
Blvd
Blvd
103rd
103rd
103rdSt
St
St
St
103rd
103rd
103rd
St
San
San
SanPablo
Pablo
PabloPkwy
Pkwy
Pkwy
Pablo
Pkwy
San
San
San
Pablo
Pkwy
West
West Intracoastal
Intracoastal
Hod
Hod
Hod
Hod
Hod
ges
ges
ges
ges
ges
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
Westside
Westside
Jacksonville
Jacksonville
Beach
Beach
Beach
Beach
BeachBlvd
Blvd
Blvd
Blvd
Beach
Beach
Beach
Blvd
95
95
95
95
95
95
SR
SR
SR9A
9A
9A
9A//////St
St
StJohns
Johns
JohnsBluff
Bluff
Bluff
St
Johns
Bluff
SR
SR
SR
9A
9A
St
Johns
Bluff
US
US
USHwy
US
Hwy
Hwy
Hwy
301
301
301
301
301
Blvd
Blvd
Blvd
Blvd
Blvd
Blvd
dy
dy
dy
dy
dy
dy
man
man
man
man
man
man
Nor
Nor
Nor
Nor
Nor
Nor
y)
y)
y)
y)
y)
Hw
Hw
Hw
Hw
ssssssHw
illip
illip
illip
illip
illip
illip
(Ph
(Ph
(Ph
(Ph
(Ph
111(Ph
yyyyyy111
Hw
Hw
Hw
Hw
Hw
Hw
US
US
US
US
US
US
TOTAL VACANTVACANT
CAM,
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
182,098
0 103,404
$10
2.70
58,172
0
*
15-22
2.62
97,141
0
11,692
$7.70 1.54
93,272
0
7,100
$18.00 6.50
40,200
0
7,400
15-19
3.50
141,650
0 18,190
$10-$13
3.95
84,525
0N/AN/AN/A
74,546
0
9,480
$12.00 4.27
73,729 34,400 28,990
$7.00 3.18
55,284
0
2,421
$10.00 3.82
184,542 18,000
11,500
$12.00 4.00
78,000
0
11,500
$12.50 3.46
32,628
0 12,075
$16.00 4.80
64,905
0
6,720NegNeg
76,628
0
2,400
$14.00 3.71
71,955
0
5,950
$16.00 3.50
224,852 40,000 12,700
$8.00 2.00
St. John's
John's River
River
St.
Under
Under
UnderConstruction
Construction
Construction
Construction
Under
Under
Under
Construction
Construction
Regency
Regency
A1A
A1A
A1A
SR
SR
SRA1A
A1A
A1A
SR
SR
SR
ARLINGTON
Southside
Atlantic
Atlantic
Ocean
Ocean
Atlantic
Atlantic
AtlanticBlvd
Blvd
Blvd
Blvd
Atlantic
Atlantic
Atlantic
Blvd
Blvd
10
10
10
10
10
10
10
Macclenny
Macclenny
Race
Race
Race
Race
Race
Track
Track
Track
Track
Track
Rd
Rd
Rd
Rd
Rd
210
210
210
210
CR
CR
CR
CR
CR
CR
CR220
220
220
220
CR
CR
CR
220
220
13
13
13
13
13
SR
SR
SR
SR
SR
CR
CR
CR210
210
210
210
CR
CR
CR
210
210
CR
CR
CR
CR
CR
218
218
218
218
St.
St. Johns
Johns County
County -St.
St. Augustine
Augustine
Green
Green Cove
Cove
Springs
Springs
95
95
95
95
95
95
SR
SR
SR
16
16
SR
SR
SR16
16
16
16
yyy
Hwyyy
Hw
Hw
Hw
Hw
ie
ieHw
ie
ie
Dix
Dix
Dix
Dix
Totals
SR
SR
SR16
16
16
16
SR
SR
SR
16
16
1,634,127 92,400251,522
St Augustine
*Retail Space Under construction
SR
SR
SR
SR
312
312
312
Clay
Clay County
County
Regency
00
Beaches
SHOPPING CENTER
ANCHOR(S)
ATLANTIC VILLAGELA Fitness, Jo-Ann Fabrics, Dollar Tree
BEACH PLAZA CITY CENTERMonkey Jungle, Bailey’s, Dollar Tree, U.S. Postal Office/Jax Beach
MARSH LANDING PLAZA
Pier 1 Imports, World Market, Stonewood Grill, PetCo, JoS Banks
ATLANTIC BEACH COMMONS
Family Dollar
NEPTUNE PLAZAK-Mart, Beall’s Outlet, Ace
SEMINOLE SHOPPES
Publix, Hurricane Wings, Smash Burger, Hair Cuttery
NORTH BEACH CENTERNorth Beach Bistro, The Fish Co. PABLO PLAZAOffice Depot, Marshalls, Home Goods, Panera, Jason’s Deli
PAN AM PLAZA
Dollar General (Shadow Anchors Navy Exchange)
PENMAN PLAZAWinn Dixie, Aaron Rents
PONTE VEDRA POINTETire Kingdom, Beaches Diner, Brucci’s, Skewers
PONTE VEDRA SQUAREWinn Dixie SAWGRASS VILLAGE
Publix, CVS, ABC Fine Wine & Spirits
SHOPPES OF PALM VALLEY
Publix
SOUTH BEACH PARKWAY
Publix, Target, Turner ACE Hardware, Books a Million, First Watch,
Mattress One
SOUTH BEACH REGIONALStein Mart, Ross, Bed Bath & Beyond, Home Depot, Staples
THE CORRIDORS OF PONTE VEDRAThe Fresh Market, Tuesday Morning
SEA WALK VILLAGE SHOPPING CENTERMellow Mushroom, Salt Life Food Shack, Sports Mania
SHOPPES OF VERANDARuth’s Chris, Pussers, Seaside Bank
Totals
TOTAL VACANTVACANT
CAM,
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
100,559
0 14,707
$16.00 4.61
161,000 50,000
6,000
$10 & up
5.00
59,586
0
1,003
$22.00 4.77
63,992 37,272
6,725
$10.00 3.21
150,484
0
7,300
$12.50 2.56
78,240
0
2,660
$27.00 7.61
58,000
0
0
$13-$15
5.00
140,000
0 20,650
$19.00 4.43
58,000
0 15,150
$10-$12
3.50
65,500
0
0
$18.00 3.75
71,660 18,000
11,500
$20.00 4.78
92,000
0
9,582
$22.00 4.75
115,934
0 16,000
$25-$35
5.50
43,747
0
4,457
$20.00 7.25
300,000
303,856
53,071
50,101
99,000
0
0
0
0
0
0
$25.00 39,574
$20.00 0
$20.00 5,826
$16-$25
65,000 $13.50-$17.50
CAM,
TAX, INS
2.50
3.05
2.00
4.68
7.35
2.50
5.30
2.25
2.65
4.97
2.50
3.00
7.98
7.91
8.00
3.00
7.25
6.80
3.50
3.25
2.28
2.00
3,666,705247,799269,373
Baymeadows/Avenues
2.5
2.5
55
miles
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.
2,987,357343,468 251231
Totals
TOTAL VACANTVACANT
LEASABLE ANCHOR LOCAL
TERMS
166,759
0
0
18-16
100,589
0
3,900
$10.00
120,000 45,000
6,600
$12.50
200,000
0 38,585
$14-$24
67,528
0
7,225
$22.00
108,781 29,000 24,795
$11-$16
55,215 27,000
1,600
$5.00
122,064 20,000
7,135
$9.00
141,338
0
6,729
$14.00
56,479 19,800 14,128
$8.00
145,099 12,572
9,520
14-16
235,571 35,842 31,157
$12-$16
98,900
0
9,600
$27.00
331,080
0 42,163
$36.50
1,200,000
0
2,500
$29.00
69,522
5,585
6,053
13-16
34,900
0
4,513
$22.00
60,025
0 22,229
$25.00
116,565
0
6,000
$11-$14
43,650
8,000
11,459
$12-$18
108,332 45,000
6,732
$11.00
84,308
0
6,750
$11.00
Ponce
Ponce De
De Leon
Leon Mall
Mall
Putnam
Putnam County
County
TOTAL VACANTVACANT
CAM,
SHOPPING CENTER
ANCHOR(S)
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
Regency Park
Hobby Lobby, Babies R Us, Marshall’s, Books A Million
333,942 68,476 40,453
$15-$18
2.67
Regency PointeT-Mobile
67,129 17,540
7,562
$14 4.40
Regency PlazaBurlington Coat Factory, OfficeMax, dd’s Discount
205,696 30,000 19,152
$12 2.61
Regency CourtOffice Depot, Sports Authority, CompUSA,
218,646 26,936
18143
$12-$18
2.65
Regency CommonsRoss, Beall’s, Michaels, HH Gregg 280,000 52,072
11,144
$12 2.63
Regency Best Buy BuildingBest Buy, Guitar Center, Mattress 1 Clearance
65,286
0
0
$15 3.25
Regency Annex
Home Depot, PetSmart, Target, Lowes
0
0
0
0.00
CB SquareBed Bath & Beyond
72,729 33,444
0
$6-$10
3.97
Regency Square MallSears, JC Penny, Dillards Outlet, Belks, 1,386,950 115,000 134651VariesVaries
Discovery Zone PlazaBlockbuster, Aaron Rents, Family Dollar
66,979
0 17,088
$14-$16
3.50
Kendall Town CenterWal-Mart Supercenter
290,000
0
3,038
$13 Modified
gross
SHOPPING CENTER
ANCHOR(S)
Beach BoulevardWinn-Dixie, City Trends, Beall’s Outlet, Kaplan College, Bailey’s Gym
Boulevard CornersStaples
Briarwood Shopping CenterWinn-Dixie, Tuesday Morning, Planet Fitness
Lakewood Shopping CenterWinn-Dixie, Stein Mart, Cruiser’s Grill
Deerwood Lake Commons
Publix Dupont StationUniversity of FL Pediatric Center
Emerson Plaza
Family Dollar, Rent A Center
Kmart PlazaK-Mart
Santa Monica Center
Family Dollar
Shoppes of San Jose
Dollar General
Southgate Plaza
Hubbard House Thrift Store, Save-A-Lot, Department of Motor Vehicles
St. Johns SquareWinn-Dixie, Just Fitness, CVS
St. Johns Center North
Publix, Total Wine
The Markets at Town CenterBest Buy, Babies/Toys R Us, Ulta Beauty, West Marine, Costco
St. Johns Town Center
Dillard’s, Target, Dick’s Sporting Goods
St. John’s VillageThe Floor Trader, Advanced Auto, Monroes BarBQ
Tapestry Park
Jimmy John’s Subs, Corner Bistro & Wine Bar
Tapestry Park North
Hotel Indido, III Forks, Lime Leaf, POM Signature
The Promenade at Beach Blvd.IGA, Dollar General
University Center South
Firehouse Subs, Hala Café University CenterLA Fitness, Dollar Tree University PlazaWinn-Dixie, Truck Options
SR
SR
SR
SR
SR
SR
20
20
20
20
20
20777
777
q
Totals
2,200,777152,256168,105
295
295
295
295
295
295
3,030,997 189,371 282,584 SHOPPING CENTER
ANCHOR(S)
Arlington Plaza
Rose’s, Bealls Outlet
Atlantic Boulevard Plaza. Publix
Atlantic South Shopping CenterWinn Dixie, Regency Cap & Gown, Pinch a Penny
Cobblestone Crossing Publix, Walgreens
Cobblestone Plaza Blockbuster
Dames Point Plaza
Publix, Family Dollar, Powerhouse Gym
Florida Backyard Center
Florida Backyard Furniture
Fort Caroline Trading PostWinn Dixie, Citi Trends
Gazebo Shopping Center
Dollar General
Lake Lucina Shopping Center
Save-A-Lot, Auto Zone, Family Dollar
Merrill Crossing
Gold’s Gym, Cato Plus, Big Lots
Merrill Station
Food Lion, Sherwin Williams
J & J Central PlazaLittle Caesar’s
Monument Landing Walgreens, Baily’s Powerhouse Gym
Monument PointeWinn Dixie, CVS
Publix Plaza
Publix Town & Country Shopping CenterMcDonald’s, Plush Club, Goodwill
TOTAL VACANTVACANT
CAM,
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
112,685
0
0
28.00
5.00
163,481
0
0
$28.00
4.41
151,492
0
6,380
$18.00
4.51
71,297
0
0N/AN/A
103,552
0
6,310
$18.00
3.51
112,886
0
9,018
$23.00
5.25
358,267
0
11,736
$24.00
4.59
81,218
0
1,600
$24.00
3.73
268,477
0
6,314
$14.00
4.38
152,761 61,000
4,700
$17.00
5.04
292,742
0 12,798
$22.00
6.60
90,084
0 27,000
13-18
6.00
224,029 46,400 22,315
$41,258.00
4.01
69,000 44,856 51,884
$15.50
4.27
61,491
0
8,050
$21.00
7.05
yyy111111
Hw
Hw
Hwyyy
Hw
Hw
Hw
6,505 19,046 20,000 13,543 Tr
Tr
Tr
Tr
Tr
er
er
er
erTr
er
er
cane
cane
cane
cane
cane
cane
Buc
Buc
Buc
Buc
Buc
Buc
West IntracoastaL
SHOPPING CENTER
ANCHOR(S)
Atlantic North (The Fountains)
Academy Sports, LA Fitness
Atlantic Village WestKohl’s, Office Depot, T.J. Maxx
BJ’s Wholesale CenterBJ’s Wholesale Center
Girvin Plaza NEWinn Dixie
Harbour Place
Publix, CVS Pharmacy
Harbour Village @ San PabloStein Market, Fresh Market
Hodges PointBealls, Wal-Mart
Kernan Square
Publix
Kernan Village WestSuper Wal-Mart, Ross
Medical Merchant Ctr of San Pablo Publix
Pablo Creek EastTarget, Michaels, Office Max
Pablo StationBig Lot’s, Sherman Williams
San Pablo Family Center
Hobby Lobby, Church of Eleven 22
Village Shoppes @ San Pablo
Windsor Commons
Publix, Blockbuster US
US
US
US
US
US
0
30,690 16,000 0
©
© 2009, The Shopping Center Group, All Rights Reserved. Jacksonville Office (904) 565-2635.
Zoom: 51.75
Rd
Rd
Rd
Rd
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Tu
Tu
Tu
Tu
Tu
1,130,000 78,800 58,000 53,262 Long: -81.6708
CAM,
TAX, INS
3.50
5.07
4.02
3.50
2.30
2.15
3.67
3.13
3.75
4.00
2.00
3.00
2.37
m
m
m
m
m
Le
Le
Le
Le
Le
Totals
TOTAL VACANTVACANT
LEASABLE ANCHOR LOCAL
TERMS
41,966 0
1,800 $10.00
72,728 10,000 15,600 $16-$18
72,840 0
5,600 $18.00
74,000 0
2,550 $12.00
59,113 0
9,400 $11.00
490,000 25,000 125,000 $10.00
261,513 0 16,856 $16-$17
295,090 30,017 33,568 $14.00
79,486 39,686 1,200 $12.50
44,023 0
1,266 $17.00
122,000 0
2,200 $12.50
40,800 37,978 0
$14.00
57,376 0
8,450 $3.35
301
301
301
301
301
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Hw
Hw
Hw
Hw
Hw
Hw
US
US
US
US
US
US
SHOPPING CENTER
ANCHOR(S)
Dunn Avenue Plaza
Jax Federal Credit Union
Dunn VillageRowe’s IGA, Family Dollar
Duval Station Centre
Publix
Edgewood SquareWinn-Dixie
Family Dollar Center
Family Dollar, Save-A-Lot, Salvation Army
Gateway Marketplace
Publix, Walgreens
Highland Square
Publix, Beall’s Outlet
Jacksonville RegionalWinn-Dixie, Beall’s Outlet, JC Penneys
Main Street Station
Food Lion
Main Street PlaceVyStar, Jacksonville Orthopedic
Northside PlazaSaveRite
Oceanway Crossing
Oceanway PlazaWinn-Dixie
River City MarketplaceWal-Mart Supercenter, Lowe’s, Office Max, Best Buy, Michael’s,
Gander Mountain
Rutgers Plaza
Dollar General Shoppes of Norfolk
Family Dollar
Shopping Place (The)St. Johns Seafood, Country Cabin, ERA Dan Jones & Associates
SR
SR
SRA1A
A1A
A1A
A1A
SR
SR
SR
A1A
A1A
Northside
Logos are for identifications purposes only and may be trademarks of their respective companies.
Area
GLATotalVacancy
VacancyRate
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
1,634,127343,922 21.05%
3,330,222364,115 10.93%
2,064,730331,406 16.05%
2,871,103
363,610
12.66%
3,030,997471,955 15.57%
1,320,580
149,266
11.30%
4,570,065
610,395
13.36%
2,987,357594,699 19.91%
3,666,705517,172 14.10%
3,692,825389,913 10.56%
2,200,777
320,361
14.56%
31,369,4884,456,814 14.21%
This study represents shopping centers in excess of 40,000 square feet
4.54
4.23
5.19
5.12
5.00
SHOPPING CENTER
ANCHOR(S)
The Avenues
Dillards, Belk, JcPenny’s, Sears, Forever 21
Avenue’s NorthBest Mattress
Avenue’s WalkWalmart, hhgregg, Haverty’s
Baymeadows CommonsBailey’s Powerhouse Gym, Chili’s
Baymeadows FestivalGator’s Dockside, Dollar Tree, Larry’s Giant Subs, (former Gold’s Gym)
Baymeadows Junction
Just Fitness, Scan Design, Woody’s Bar-B-Q
Baymeadows SquareLowe’s, B.J.’s, Al’s Pizza
Baymeadows Village
Panera Bread, Sprint, FedEx Kinko’s
Brierwood Village PlazaWinn-Dixie, Tuesday Morning, Subway
Deerwood MarketplaceWinn-Dixie
Deerwood Village Mall
Publix, Dunkin Donuts, Subway, GNC
Point MeadowsStein Mart
Reedy Branch
Publix, Hurricane Grill & Wings
The Shoppes of SouthsideBest Buy, Sports Authority, David’s Bridal
Southside SquareTarget, Home Depot, Circle K Furniture
Timberlin VillageOffice Max, Bed, Bath & Beyond, Buy Buy Baby
Totals
3,206,269 249,138 100820
N. ST. JOHNS COUNTY/ ST. AUGUSTINE
SHOPPING CENTER
ANCHOR(S)
Anatasia Plaza
Publix
Belz Factory Outlet WorldOutlet Stores
Cobblestone Village
Publix, Bealls’s, Ross, Pier 1
Epic VillageEpic Theatres
Moultrie Square Shopping Center Publix
North Town (Shoppes Of)Winn Dixie
Ponce De Leon Mall
JC Penney, Belk
Riverside Center
Hobby Lobby, Big Lots, Vacant (Bealls Outlet)
Searidge SquareMarshall’s
Shoppes at Mission Trace
Publix
Shoppes at Murabella
Publix
Shoppes at Palencia Commons
Food Lion - closed
Shoppes of South BeachWinn Dixie
St. Augustine Outlet CenterBrooks Brothers, Ann Taylor, Bass, Hanes
St. Augustine Shopping Center
“Staples, Barnes N Noble, Dollar Tree
St. John’s PlazaWinn Dixie, Sears
TOTAL VACANTVACANT
CAM,
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
102,342
0
4,236
21
5.48
314,772
0N/ANegNeg
280,000
0
6,200
18
5.79
60738
0
1,500
24
5
70,355
0
4,150
18
3.25
70,000
0
0
0
0
186,678N/AN/ANegNeg
187,591 24,887 10,678
16
2.95
154,665 86,405
2,400
18-Nov
2.37
61,000
0
4,550
25
9.00
77,580
0
1,400
25
9.25
50,301
0
0
0
0.00
64,505
0
1,110
18
4.22
329,362N/AN/A
25-30
5.00
65,988
0
1,750
12
3.72
75,515
0
0
25
4.40
Totals
2,064,730105,272226,134
TOTAL VACANTVACANT
CAM,
LEASABLE ANCHOR LOCAL
TERMS
TAX, INS
1,117,000 0
0N/AN/A
98,679 51,800 26,505
$5.00-14.00
4.25
351,300 0
0
$25.00
6.61
73,900 0
7,000
$18.00
4.70
106,766 37,000 3,975
$14.00
5.34
155,000 N/A 13,690 $14.00-$16.00
3.50
296,000 0
4,550
$18-$20
6.40
58,498 12,790 0 $14.00-$18.00
3.92
125,419 24,450 6,600
$12.50
2.00
65,263 0
0
$21.00
3.50
72,054 0
5,200
$18.00
6.64
102,602 45,802 13,200 $16.00-$20.00
5.21
75,906 0
6,900
18 - 19
6.11
109,113 0
2,800 $28.00-$30.00
5.07
398,769 77,296 10,400 $10.00-$14.00 $2.12-$4.50
123,953 14,157
0N/AN/A
2,151,392111,292 37,974
STEPHANIE mcCULLOUGH
stephaniem@theshoppingcentergroup.com
904-899-0449
COLLIS mcGEACHY
collis.mcgeachy@franklinstreetfinancial.com
904-271-4120
ELISE GREENBAUM
EGreenbaum@sleiman.com
904-731-8806
SANDY PEREZ
sperez@equityone.net
904-292-2212
JASON RYALS
jasonr@colliersdickinson.com
904-358-1206
DREW MARGOL
drew@margolcrs.com
904-253-7878
SARA BALDWIN
JAMIE SWANSON
sbaldwin@sleiman.com
904-731-8806
west intracoastal
WESTSIDE
CARRIE SMITH
carrie.smith@franklinstreetfinancial.com
904-271-4122
jamie.swanson@franklinstreetfinancial.com
904-271-4120
SOUTHSIDE
ARLINGTON
REGENCY
northside
NANCY SUMNER
nancys@theshoppingcentergroup.com
904-899-0449
GENEVA HENDERSON
geneva.henderson@latpurser.com
904-448-8007 x11
PATRICK McKINLEY
PatrickMcKinley@regencycenters.com
904-598-7468
KATE CLIFFORD
kate@strategicsites.com
904-242-2828
TOM MUNDY
tomm@theshoppingcentergroup.com
904-899-0449
ORANGE PARK
FLEMING ISLAND
sally lee
slee@floridaretailgroup.com
904-586-3056 x102
BRIAN PLATOCK
BAYMEADOWS
AVENUES
MANDARIN
JULINGTON CREEK
bplatock@floridaretailgroup.com
904-586-3056
BEACHES
N ST JOHNS COUNTY
ST AUGUSTINE
Mandarin/Julington Creek
SHOPPING CENTER
ANCHOR(S)
Bartram WalkStarbucks, Ponte Vedra Spa
Bartram Walk (Phase 2)
Pizza Palace, Blackstone Grille
Beauclerc VillageGoodWill, Big Lots, Beall’s Outlet
Claire Lane PlazaBarnes & Noble, Ale House, World Market
Courtyard Shopping CenterTarget, Publix
Crossroads at Mandarin
Food Lion, Harmonious Monks
Crown Point Plaza
5 GUYS , Honeybaked Ham, Red Elephant
Johns Creek
Publix
Julington Square
Food Lion, Moe’s
Julington Village
Publix
Mandarin CentralBlockbuster Video, Pizza Hut
Mandarin CornersWal-Mart Supercenter, Cato’s, Marshall’s
Mandarin EmporiumWalgreens
Mandarin LandingWhole Foods, Office Depot
Mandarin Oaks
Publix, Brooklyn Pizza
Mandarin Pointe
Beall’s, Domino’s
Mandarin SouthSchool Aids, Bailey’s Powerhouse Gym
Medical MerchantsWinn Dixie, Memorial Health Care Center
Merchant’s Walk
Carrabba’s, The Loop
Old St. Augustine Plaza
Publix, Burlington Coat Factory, Hobby Lobby
Outback PlazaWoody’s BBQ, St. Johns Seafood , Outback
Plantation Plaza
Publix
RiverplaceStein Mart, Bealls, TJ Maxx
San Jose PlazaBonefish Grill, Just Fitness
Shoppes at Bartram Park
Publix, Hallmark, Kohl’s, Panera
St. Johns CommonsWinn Dixie
Shoppes at Julington Creek
Fresh Market
Nocatee Town Center
Publix
TOTAL VACANTVACANT
CAM,
LEASABLEANCHOR LOCAL
TERMS
TAX, INS
44,814
0 15,162
$22 6.00
34,986
0 15,465
$15-22
7.00
70,429
0
7,150
$13 5.29
106,000
0 14,210
$18 3.50
200,027
0
0N/AN/A
72,136 35,736
5,250
$12 2.96
66,151
0 26,943
$15-$18
3.13
75,040
0 14,660
$18-$20
6.34
76,040 35,000
5,040
$15 3.44
81,820
0
0
$26 6.45
63,347
0
10,115
$13.00 4.48
330,000
0
1,350
$20 5.00
70,470 22,500
6,000
$14 3.40
141,037
0 21,750
$20 4.67
56,700
0
1,560
$24 5.90
74,963
0
3,725
$15 2.55
62,255
0
1,800
$18 4.00
159,823
0
0
$17.50 4.40
53,246
0
1,600
$17-20
5.66
232,458
9,504
3,850
$18 6.99
50,861
0
4,250
$14.50-18
4.81
83,756
0 12,062
$20-$22
8.50
257,912
0
3,250
$24 3.57
92,050 10,000 18,036
$8-15
4.17
134,958
0
9,664
$24 6.68
71,352
0
4,900
$16 8.06
38,670
0
4,256
$24 7.64
69,802
0
6,158
$18 7.25
Orange Park/Fleming Island/MiddleburG
TOTAL VACANTVACANT
CAM,
SHOPPING CENTER
ANCHOR(S)
LEASABLEANCHOR LOCAL
TERMS
TAX, INS
Argyle Village
Publix, Toys/Babies R Us, Bed Bath, TJ Maxx
301,964 0
5,800 $20-$22
3.66
Asbury CommonsWinn Dixie
55,273 0
5,400 16.00
7.34
Bolton Plaza
Academy Sports
161,283 44,833 21,650 $12-$15
2.17
Clay PlazaWinn Dixie
61,960 11,325 $6-$12
2.50
Crossroads SquareOffice Depot, Floor & Décor, Harbour Freight Tools
174,220 0 10,500 $13-$15
2.37
DeBarry Place
45,815 36,600 2,400 13.00
3.06
Fashion Square
Hooters, Ruby Tuesday, Ale House
71,235 0
8,625 $14-$17
5.06
Gates of Park Ave
Foot Solution, Diagnostic Health
43,742 0 10,080 $12-$18.50
4.00
Grand Old PlazaWinn Dixie
55,000 Kingsley SquareLowe’s, Office Max
115,025 0
1,400 18.00
4.13
Liberty CenterRoss, Bealls, Shoe Carnival
133,545 10,123 0
18.00
1.96
Live Oak PlazaWinn Dixie, CVS
56,892 0
0
15.00
3.00
Middleburg Crossing
Publix
64,232 0
4,500 14.00
4.79
Orange Park PlazaRooms to Go Outlet
45,434 0
5,969 15.00
2.00
Park Central Plaza
Dollar General, Sears, Save A Lot
84,331 0 26,627 12.00
4.33
Pine Tree Plaza
Publix
63,387 0
2,000 21.00
6.29
Plantation Crossing
Home Depot, AT&T
204,378 0 32,043 16.00
5.06
Ridgecrest PlazaMarshalls, Family Dollar
100,621 10,356 19,238 10.00
2.75
South Blanding VillageStaples, Big Lots, Baileys Powerhouse
108,851 0
9,554 $8.50-$12.50
0.02
Spring CreekSuper Target, Home Depot, Petsmart
325,000 0
5,000 25.00
4.60
Tanglewood
Crazy Horse Station
61,970 32,580 19,715 8.00
3.60
The Park
82,500 15,000 20,967 9.50
4.50
Tuesday Morning PlazaTuesday Morning, Save A Lot, Combat Athletic
97,984 12,000 20,073 14.00
3.95
Westland ParkLA Fitness, Burlington Coat Factory, USA Discounters
163,254 27,310 2,000 $12-$15
4.01
The Village
Publix, Beall’s Outlet
133,554 0
2,113 16.00
3.65
8151 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
4.82
Oakleaf Town CenterTarget, Home Depot, Kohl’s
728,636 20,244 25,000 $12-20
7.37
Oakleaf Commons
Publix
73,717 0 19,800 18.00
56.15
Winn Dixie ?
Oakleaf StationBeall’s, HHGregg
91,208 0
0
n/a
Fleming Island
Hibernia Pavillion
Publix
51,298 0
1,312 21.00
5.29
Island WalkKohl’s, Michaels, Dollar Tree
158,000 18,000 11,000 “$15 (JA)
5.00
$20 (I)
Eagle Harbor Town CenterWinn Dixie
76,474 0
4,576 $18-$22
6.57
Fleming Island Shoppes
Achieve Fitness
42,582 0 20,208 14.00
6.00
Fleming 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
SHOPPING CENTER
ANCHOR(S)
103rd Street Family CenterSuper Wal-Mart, 103rd Street PlazaOriley’s Auto/State of Florida
Anchor Plaza
Powerhouse Gym, Mr. Kicks, CVS
Cedar Hills
Dollar Tree, Winn-Dixie, Beall’s Outlet
CommonwealthWinn Dixie, Subway, Pizza Hut, Dollar Tree
Hillman SquareBroudy’s Liquors Marietta Square
Family Dollar,
Normandy Crossing
Publix Normandy Lane PlazaBig Lots, Fred’s, Beall’s Outlet
Normandy Mall Shoppes
Family Dollar, Sally’s Beauty
Normandy Mall Winn-DixieWinn-Dixie Marketplace, Normandy SquareWinn-Dixie, Family Dollar, CVS
Normandy Station
Dollar Tree
Normandy Village
Concentra Medical, Brooks Rehab
Normandy Wal-Mart VillageSuper Wal-Mart, Blockbuster Video
Oak Hill Village
Publix, Bealls Outlet Store. Planet Fitness
Oakleaf Plantation Center
Publix, Oakleaf Town CenterTarget, Home Depot, Kohl’s (U/C)
Paxon Shopping CenterSav-A-Lot, Citi Trends, Family Dollar
Riverside Market Square
Publix, Starbucks
Riverside Village
Family Dollar, Roosevelt SquareBelk, Stein Mart, Publix
South Ortega MarketplaceSuper Target, Navy Federal
St. Johns VillageLoop Pizza
Venetia VillageWinn-Dixie Marketplace, Westside Junction
Family Dollar
Westside PlazaOffice Depot, Piccadilly, Johnson’s Family Flea & Farmers Market. Wilson Square
TOTAL VACANTVACANT
CAM,
LEASABLEANCHOR LOCAL
TERMS
TAX, INS
159,710
0
5,500
$14.00 $4.41
72,000
0
1,500
$11.00 $4.00
162,637
40482
5,032
$13.00 $3.45
234,187
0
11,242
$10-$14
$2.60
81,021
0
8,080
$14.00 $4.89
81,076
0
0
$12.00 $2.50
57,950
35500
7,475
$14 - 19.00
$3.75
70,720
0
0
$17.00 $5.24
181,000
0
6,600
$10.00 $3.00
44,175
0
6,800
$12.00 $2.75
140,846
0 18,283
$14.00 $3.30
87,243
0
3,850
$11-$15
$3.62
65,633
33000
3000
$12.00 $3.90
76,635 22,890
11,000
$8.00 $2.89
125,500
0
5,350
$25 $4.35
78,492
0
0
$13.00 $5.77
68,008
5646
0
$22.00 $4.82
728,636 20,468 30,581
$12 - 21
$6.38
122,040
0
5,100
$11.00 $3.00
42,448
0
1,400
$35.00 $10.01
65,000 15,000
2,000
$6 - 7
$2.50
309,360
0 25,678
$20-25.00
$3.41
206,500
0
6,486
$12 - 20
$5.38
41,921
0
8,000
14
$5.25
98,355
0
942
$12.50 $1.64
58,216
0
0
$8.00 $2.00
170,029
16000 16,706
$7.00 $1.87
63,487
35000
1,000
$12.00 $3.50
Totals
3,692,825223,986165,927