JLL Capital Markets announced it has closed the $19.13 million sale of Gainesville Plaza, a 165,705-square-foot shopping center anchored by Burlington and Ross Dress for Less in a Qualified Opportunity Zone in Gainesville, Fla.
JLL marketed the property on behalf of the seller, Wicker Park Capital Management and Riverstone Capital Group. Cobalt Real Este Solutions, an affiliate of Divaris Real Estate, purchased the asset.
Gainesville Plaza is 96.7-percent leased to national and popular tenants, including Burlington, Ross Dress for Less, 2nd & Charles, Save-A-Lot, Five Below and Hibbett Sports. Constructed in 1971, the center was renovated in 2015 and now is expanding with a new two-tenant outparcel pad pre-leased to Firehouse Subs and Tropical Smoothie Café, along with a new adjacent Wendy’s.
Situated on 16.5 acres at 2649 NW 13th St., Gainesville Plaza is at a signalized intersection on Northwest 13th Street. The property is within the 13th Street/U
