The Park & King retail corner in Jacksonville's Riverside neighborhood sold for $6.2 million.
The Park & King sale closed on August 20, according to the Jacksonville Daily Record. United Bank financed the purchase with a $5.1 million mortgage, per the same report. Cuadra Capital, based in Charlotte, North Carolina, describes itself as a real estate investment and operating firm.
The seller was Orlando-based Alakai Capital, which sold the property through an entity called Blanding Outparcel LLC.
What's Actually at Park & King
Park & King includes a building at 2665 Park St.
Park & King includes retail, service and food-and-beverage spaces.
Parking and Other Considerations
Parking is another consideration for merchants in Riverside.
Colliers' urban division brokered the transaction, according to the Jacksonville Daily Record.
Cuadra Capital's Acquisition
Park & King changed hands in a $6.2 million sale.
Cuadra Capital describes itself as a real estate investment and operating firm.
Cuadra Capital is based in Charlotte, North Carolina.
Riverside's Shifting Retail Landscape
The Park & King sale lands amid a period of visible churn along Jacksonville's Riverside retail corridors. Al's Pizza closed its Riverside shop last month after 23 years, part of a broader wave of tenant turnover and rising operational costs hitting the neighborhood's historic retail hubs.
