Rosemont Realty Acquires Jacksonville's Three-Building Concourse Office
Complex on I-95
SANTA FE, N.M., Jan. 28, 2013
Acquisition marks fifth property in Florida to join Rosemont Realty's growing
SANTA FE, N.M., Jan. 28, 2013 /PRNewswire/ --Rosemont Realty, LLC, a leader
in commercial real estate acquisition and management with holdings of
approximately 16 million square feet of commercial office space at a value
exceeding $1.5 billion, has acquired the three-building Concourse office
complex in Jacksonville, Fla.
PHOTO -- Jacksonville's Three-Building Concourse Office Complex
The acquisition of Concourse has added 288,147 square feet of Class A office
space to Rosemont Realty's portfolio. Rosemont Realty purchased the office
building from Northwestern Mutual for an undisclosed amount.
In 2012, Rosemont Realty acquired eight Class A or Class B commercial
properties, representing more than 2.5 million square feet valued at
approximately $250 million. The 2012 acquisitions were in Albuquerque,
Birmingham, Denver, Houston, Memphis, Nashville, San Antonio and Tulsa.
Concourse fronts I-95 on Belfort Road in Jacksonville and is just one-quarter
mile from the J.T. Butler Boulevard (SR 202) interchange. The complex consists
of three, four-story office buildings, constructed between 1998 and 2001. Each
building contains approximately 96,000 rentable square feet.
The Concourse complex is currently leased at 88 percent occupancy. Tenants
include DeVry University, SJ&P advertising agency, Diversified Clinical
Services, Meridian Technologies, Gresham, Smith and Partners, and Pulte Homes,
"The Concourse in Jacksonville is Rosemont's first acquisition in 2013," said
Daniel Burrell, CEO of Rosemont Realty. "We have confidence in the
Jacksonville market and will continue to evaluate high quality opportunities
in Florida's high growth markets."
Rosemont Realty now controls five commercial office properties in Florida,
representing nearly 720,000 square feet, including:
Metro Parkway (Fort Myers) Westland One (Jacksonville)
Butler Pointe (Jacksonville) Cypress Pointe (Tampa)
NAI Hallmark Partners will continue to provide property management and leasing
services for the Concourse property (Patrick Thornton
About Rosemont Realty, LLC
Headquartered in Santa Fe, New Mexico, Rosemont Realty, LLC, is a market
leader in commercial real estate acquisition and asset management. The company
has approximately 16 million square feet in more than 165 office buildings in
25 states across the United States, valued at more than $1.5 billion.
Founded in 1991, Rosemont Realty has eight regional offices in Albuquerque,
Atlanta, Dallas, Denver, Houston, New York, San Antonio and Washington, D.C.
For more information, please visit RosemontRealty.com.
SOURCE Rosemont Realty, LLC
Contact: Jeanne Hasenmiller, +1-602-714-9338, JHasenmiller@RosemontRealty.com
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