Drivers cruising past the I-95 and J. Turner Butler Boulevard interchange will soon have a new landlord looking back at them. Acorn Property Holdings has sold Butler Pointe, a Southside office building highly visible from the busy junction, for $14.7 million. The deal closed July 9 and transfers ownership of the 151,006-square-foot property that Acorn bought in 2015 for about $12 million.
Deal details and seller history
As reported by the Jacksonville Business Journal, the five-story Butler Pointe sold on July 9 for $14.7 million. Public filings identify the buyer only as a Fort Lauderdale-based investor, keeping the new owner's name out of the spotlight for now.
NAI Hallmark's case study of the property notes that Acorn acquired Butler Pointe in late 2015 for roughly $12 million, as part of the company's long-running Southpoint portfolio strategy.
The building and its footprint
Acorn's property page lists Butler Pointe at 4500 Salisbury Road and highlights a five-story atrium, an on-site restaurant and ample parking, as detailed by Acorn Property Holdings. Commercial platforms that market the building put the rentable area at roughly 151,000 square feet and place the site on about eight acres at the I-95 and JTB interchange, as shown on Crexi.
Where the price fits the market
Based on the $14.7 million sale price and the roughly 151,000-square-foot rentable area, the deal works out to about $97 per rentable square foot, according to the Jacksonville Business Journal and commercial listings. That number sits well below last year's premium sale of Butler Plaza, which CoStar reported closed at about $253 per square foot, and under the city's 2025 office average of roughly $154 per square foot.
Acorn's local sales rhythm and what's next
Acorn has been steadily rotating smaller Southside holdings in recent years. Public records show it sold the Lakeside Plaza office complex in 2023, according to the Jax Daily Record. NAI Hallmark, which has listed and marketed Butler Pointe in offering materials, has frequently represented Acorn on Southside deals, according to its case studies.
The Fort Lauderdale buyer has not publicly outlined any plans for renovations or leasing changes, and the new ownership should appear in county filings and broker listings in the coming weeks. We will update this story if additional details about the buyer or any repositioning plan become available.
