{"id":2503,"date":"2025-08-11T13:15:56","date_gmt":"2025-08-11T17:15:56","guid":{"rendered":"https:\/\/www.meyer.media\/?p=2503"},"modified":"2025-08-11T11:00:26","modified_gmt":"2025-08-11T15:00:26","slug":"savlan-capital-acquires-%c2%b1765000-sf-office-and-flex-portfolio-in-jacksonville-for-52m","status":"publish","type":"post","link":"https:\/\/www.meyer.media\/2025\/08\/11\/savlan-capital-acquires-%c2%b1765000-sf-office-and-flex-portfolio-in-jacksonville-for-52m\/","title":{"rendered":"Savlan Capital Acquires \u00b1765,000 SF Office and Flex Portfolio in Jacksonville for $52M"},"content":{"rendered":"

This slideshow requires JavaScript.<\/p>

<\/div>\n

The South Florida-based Real Estate Investment Group Purchased Seven Class A Buildings in Flagler and Lakeside Centers and is Poised to Begin an Aggressive Leasing Campaign<\/em><\/strong><\/p>\n

HOLLYWOOD, FL, August 11, 2025<\/strong>\u00a0\u2014\u00a0Savlan Capital<\/a>\u00a0has acquired a seven-building, \u00b1765,190 square-foot, Class A commercial portfolio in Jacksonville, FL. The collection of office and flex buildings located in the Lakeside and Flagler Center business parks was purchased for $52 million from a financial institution.<\/p>\n

The JLL team of\u00a0Robbie McEwan<\/a>\u00a0and Hunter Smith represented the buyer and seller in the transaction which, from signed contract to closing, was executed in just 30 days.<\/p>\n

The portfolio includes Lakeside I, Lakeside II, and Lakeside V in Lakeside Center, and Flagler 100, Flagler 200, Flagler 300, and Flagler 400 in Flagler Center.<\/p>\n

Lakeside I is a \u00b1112,314 square-foot, four-story office building built in 2007 at\u00a012724 Gran Bay Parkway West<\/a>. Lakeside II is a \u00b1112,306 square-foot, four-story office building constructed in 2005 at\u00a012740 Gran Bay Parkway West<\/a>. Lakeside V is a five-story, \u00b1140,952 square-foot office building developed in 2008 at\u00a012926 Gran Bay Parkway<\/a>.<\/p>\n

Flagler 100 is a \u00b1106,439 square-foot, single-story flex building built in 1997 at\u00a012735 Gran Bay Parkway West<\/a>. Its sister building at the same address, Flagler 200, is a \u00b161,837 square-foot, single-story flex facility constructed in 1997. Flagler 300 is a two-story, \u00b1134,159 square-foot flex building built in 1998 at\u00a07159 Corklan Road<\/a>. Flagler 400 is \u00b197,183 square-foot, two-story flex building built in 1999 at\u00a012854 Kenan Drive<\/a>.<\/p>\n

The portfolio\u2019s diversified rent roll includes high profile tenants such as\u00a0HTS Logistics’<\/a>\u00a0corporate headquarters,\u00a0Kimley-Horn<\/a>,\u00a0Ernst & Young (EY)<\/a>,\u00a0Pulte Home Company<\/a>,\u00a0Siemens Mobility<\/a>,\u00a0United Healthcare Service<\/a>, and\u00a0Total Quality Logistics<\/a>.<\/p>\n

The portfolio has battled COVID-era vacancies in recent years and is currently 57.2 percent occupied. Savlan Capital is well-positioned and eager to address the current availabilities immediately.<\/p>\n

\u201cWe are fully capitalized and ready to do deals,\u201d said Savlan Capital founder and Chief Executive Officer Zusha Tenenbaum. \u201cWe have allocated significant reserves for future TI packages and upgrades and are willing to execute creative, tenant-driven leases.\u201d<\/p>\n

Savlan Capital has retained the CBRE team of\u00a0Oliver Barakat<\/a>,\u00a0Billy Kuntz<\/a>, and\u00a0IV Stucker<\/a>\u00a0to market the portfolio. This team has extensive leasing experience in the immediate market, including Quadrant I & II, Gran Park at the Avenues, 6651 Gate Parkway, and Gramercy Woods.\u00a0NAI Hallmark<\/a>\u00a0will manage the buildings.<\/p>\n

\u201cThis acquisition stands out as one of Jacksonville\u2019s rare office transactions over the past year,\u201d said Kuntz, First Vice President with CBRE. \u201cThis portfolio is driven by investment, which in turn is signaling a strong vote of confidence in the Northeast Florida office market.\u201d<\/p>\n

The buildings are situated on 71.5 acres within two adjacent business parks \u2013 Flagler Center and Lakeside Center. This location just north of the Duval-St. Johns County border offers access to both the dynamic Jacksonville market and St. Johns County\u2019s highly-educated workforce.<\/p>\n

The St. Johns County School district ranks second in Florida\u2019s academic accountability reporting and is one of only two districts in the state to receive an \u201cA\u201d grade every year since reporting began in 2004. This has helped attract new residents to the area and drive the construction of more than 5,000 new multifamily units in the market over the past five years.<\/p>\n

The buildings are also proximate to\u00a0Nocatee<\/a>, one of the most successful and fastest-growing master-planned communities in the Southeast, as well as the recently-expanded\u00a0Baptist Medical Center South<\/a>\u00a0and the newly-constructed\u00a0Brooks Rehabilitation Hospital<\/a>.<\/p>\n

Savlan Capital\u2019s existing national portfolio includes 22 medical centers and the new owner plans to capitalize on that experience by converting portions of the newly acquired buildings into medical offices, tapping into demand from health care users that prefer proximity to major hospitals.<\/p>\n

\u201cThis portfolio presents a unique opportunity for businesses seeking a well-connected and competitive office solution in a burgeoning part of town,\u201d said Barakat, Senior Vice President at CBRE. \u201cWe are excited to work with Savlan Capital to attract both general office and medical office users to this revitalized project.”<\/p>\n

\u201cThis location \u2013 combined with nearby amenities, demographics, and our expertise \u2013 positions this property for significant upside,\u201d added Tenenbaum. \u201cWith our proven track record of transforming good assets into great ones, this should be another success story in the making.\u201d<\/p>\n

About Savlan Capital<\/strong><\/p>\n

Savlan Capital is a fully integrated real estate investment company with over 20 years of extensive real estate investment management, acquisition, property management, development, and redevelopment expertise. Headquartered in Hollywood, Florida, Savlan Capital has a proven track record of successful investing in sustainable business parks, light industrial flex, medical, and office in markets exhibiting diversified economies and strong population growth throughout the United States. For more information, please visit\u00a0www.savlancapital.com<\/a>.<\/p>\n

Media Assets<\/strong><\/p>\n

Lakeside I Building Photo<\/a>
\nLakeside II Building Photo<\/a>
\nLakeside V Building Photo<\/a>
\nFlagler 100 Building Photo<\/a>
\nFlagler 200 Building Photo<\/a>
\nFlagler 300 Building Photo<\/a>
\nFlagler 400 Building Photo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Savlan Capital\u00a0has acquired a seven-building, \u00b1765,190 square-foot, Class A commercial portfolio in Jacksonville, FL. The collection of office and flex buildings located in the Lakeside and Flagler Center business parks was purchased for $52 million from a financial institution.<\/p>\n","protected":false},"author":1,"featured_media":2494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[2866,2863,2865,2861,2864,2862,2871,491,700,2121,146,1717,224,2869,2872,33,295,2867,2319,26,641,2870,2868,35,2126,2860],"class_list":["post-2503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr","tag-12724-gran-bay-parkway-west","tag-12735-gran-bay-parkway-west","tag-12740-gran-bay-parkway-west","tag-12854-kenan-drive","tag-12926-gran-bay-parkway","tag-7159-corklan-road","tag-billy-kuntz","tag-cbre","tag-disposition","tag-duval-county","tag-financing","tag-flagler-center","tag-flex","tag-hunter-smith","tag-iv-stucker","tag-jacksonville","tag-jll","tag-lakeside-center","tag-nai-hallmark","tag-office","tag-office-park","tag-oliver-barakat","tag-robbie-mcewan","tag-sale","tag-savlan-capital","tag-st-johns-county"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.meyer.media\/wp-content\/uploads\/2025\/07\/lakeside-i-photo-scaled.jpg?fit=2560%2C1707&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p79IL5-En","_links":{"self":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/2503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/comments?post=2503"}],"version-history":[{"count":4,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/2503\/revisions"}],"predecessor-version":[{"id":2508,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/posts\/2503\/revisions\/2508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media\/2494"}],"wp:attachment":[{"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/media?parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/categories?post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meyer.media\/wp-json\/wp\/v2\/tags?post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}