The Fortune Plaza in Jacksonville's Southpoint district has been sold. On October 22, Holley Capital LLC purchased the 71,711-square-foot office building for $6.5 million. The four-story property at 6622 Southpoint Drive S. was represented by NAI Hallmark, which announced the sale. The seller was Acorn Ridge Plaza LLC of Jacksonville, and the transaction included a $3.4 million mortgage from the seller to the buyer, according to The Jax Daily Record.
NAI Hallmark has been hired by Holley Capital to manage and lease the property. The fourth floor has 10,180 square feet of space currently available for lease. Patrick Buckley, the senior vice president of NAI Hallmark, is handling the leasing assignment, as reported by Jacksonville Business Journal.
Fortune Plaza is located in a prime area with visibility from both Interstate 95 and State Road 202. The Southpoint submarket has a vacancy rate of 20.9%, slightly below the market-wide average of 21-22%. Action News Jax noted the property's convenient access to St. Johns Town Center, Downtown Jacksonville, and local beaches, as stated by Action News Jax.
Built in 1983, the office building has seen several updates over the years. The last sale before this transaction was in 2009 for $4.13 million. This reflects the area's development and rising real estate values in the city's commercial sectors. Acorn Property Holdings has also been active, selling the Lakeside Plaza for $4.3 million in 2023, as mentioned by Jacksonville Business Journal.
