Allen Morris represented the Buyer in the purchase of
The Executive Center of Deerwood for $6.334 Million
The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, announced that it has closed the sale for The Executive Center of Deerwood, a 112,000 square foot office complex located at 7910-7960 Baymeadows Way in Jacksonville, for $6.334 million. The Allen Morris Company represented the buyer – Bay Meadows RE LLC – in the purchase, while Colliers International represented the seller, Bayway Investors Group LLC.
Comprised of four-buildings, the office complex is located in Jacksonville’s suburban office market and sits on a 6-acre campus. The four structures include two, one-story buildings that each offer 11,000 square feet and two, three-story buildings with 45,000 square feet each. The complex is 80 percent occupied and key tenants include ACS Xerox, ARS National, Solenis LLC, and American Support.
Thad Adams, Senior Vice President with The Allen Morris Company, negotiated the deal.
“We are very pleased with the terms of this transaction and confident that our client will add significant value to the tenants of this office complex and the property itself through capital improvements, attentive management and additional lease-up,” stated Adams.
Adams specializes in commercial real estate investment sales, tenant/owner representation, office and industrial condominiums, development, corporate services and project consultation.
About The Allen Morris Company:
The Allen Morris Company is one of the largest real estate firms in the Southeast U.S. specializing in commercial and multi-family residential development, leasing, property management, and brokerage. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, Jacksonville and Atlanta, The Allen Morris Company has served its business and investment clients for over 57 years. For more information, please visit www.allenmorris.com or follow us on Facebook at www.facebook.com/TheAllenMorrisCompany or on Twitter @allenmorrisco.