Rosemont Realty Acquires Jacksonville's Three-Building Concourse Office Complex
Rosemont Realty, LLC has acquired the three-building Concourse office complex in Jacksonville, FL, adding 288,147 square feet of Class A office space to Rosemont Realty's portfolio. Rosemont Realty purchased the office building from Northwestern Mutual for an undisclosed amount.
Concourse fronts I-95 on Belfort Road in Jacksonville and is just one-quarter mile from the J.T. Butler Boulevard (SR 202) interchange. The complex consists of three, four-story office buildings, constructed between 1998 and 2001. Each building contains approximately 96,000 rentable square feet.
The Concourse complex is currently leased at 88 percent occupancy. Tenants include DeVry University, SJ&P advertising agency, Diversified Clinical Services, Meridian Technologies, Gresham, Smith and Partners, and Pulte Homes, among others.
The Concourse in Jacksonville is Rosemont's first acquisition in 2013. Rosemont Realty now controls five commercial office properties in Florida, representing nearly 720,000 square feet, including:
Metro Parkway (Fort Myers)
Westland One (Jacksonville)
Butler Pointe (Jacksonville)
Cypress Pointe (Tampa)
NAI Hallmark Partners will continue to provide property management and leasing services for the Concourse property.