Transwestern will serve as exclusive sales agent for a complex of four Class A office buildings in Jacksonville valued at $35.25 million.
Bluerock Real Estate LLC owns the buildings at 6410-6440 Southpoint Parkway in Jacksonville, which have a total of 260,664 square feet.
The office complex, called Summit at Southpoint, is 92 percent occupied and its tenants include BB&T, Chicago Title, SP Fiber Technologies and U.S. Bank.
Transwestern managing director John Bell, who is marketing Summit at Southpoint, said in a press release that comparable office space is scarce: “The lack of comparable vacant space in the [Southpoint] submarket creates an opportunity to supplement the existing cash flow through the lease-up of the asset’s remaining space in the landlord-favorable market.”
Summit at Southpoint is a campus-like property with a gym and a recreational gazebo among other on-site amenities. Restaurants, bakeries, cafes and hotels are located near the property, which fronts Interstate 95.
The office-vacancy in Jacksonville is 3.4 percentage points lower than a year ago, according to Bell.