JBL SELLS KNOXVILLE RETAIL ASSET

March 21, 2018  

Originally Published: Commercial Property Executive JBL Asset Management has traded a 22,836-square-foot retail property in Knoxville, Tenn. to a private investor for $3.3 million. JBL acquired the Harvest Towne Center in August of 2015 for $7.8 million, according to the Knox County assessor. Rob Whitmire of SRS’ Investment Properties Group represented JBL in the transaction.

Located at 4824-4856 Harvest Mill Way, the two-building strip mall sits on a 1.4-acre parcel just off Highway 71, less than five miles from downtown Knoxville. The buildings are positioned among a variety of other shops and restaurants along the highway. The asset, which was constructed in 1995 and 1996, is home to a mix of tenants, including Pet Supplies Plus, Oreck, The Casual Pint and Regency Finance.

“Finding the right buyer was paramount due to a shared parking and management covenant with the neighboring parcel,” said Whitmire, senior vice president of SRS, in a prepared statement.

SOURCE: SRS Real Estate Partners



JBL BUYS FLAMINGO PINES PLAZA IN PEMBROKE PINES, FL

December 22, 2017  

The Flamingo Pines Plaza in Pembroke Pines, FL has been sold to JBL Asset Management in a $33.2 million deal. The 139,462 square foot community shopping center is located at at the intersection of Pines Boulevard and Flamingo Road. Trading for $238 per sqf., the center is currently 99 percent leased with anchor tenants including Florida Technical College, USPS, Goodwill, Mattress Firm, Honey Baked Ham, State Farm and Sunrise Medical Group. The Hollywood-based buyer completed the purchase with a $27.25 million mortgage provided by Regions Bank. Holliday Fenoglio Fowler's Eric Williams represented the seller, Weingarten Realty Investors.

“Pembroke Pines’ population density, growth and affluence make it one of the most highly coveted retail submarkets in South Florida,” Williams said. “Flamingo Pines Plaza’s prime location at the heart of the Pines Boulevard retail corridor adjacent to a high-volume Publix and Walmart Supercenter was attractive to investors.”

SOURCE: CIJ USA

JBL ASSET MANAGEMENT PRESS RELEASE

February 26, 2015  

JBL Asset Management, LLC. (“JBL”), a full service real estate investment company, announced today the acquisition of 4 Shopping Centers properties totaling over 305,000 square feet from multiple pubic institutional sellers. These acquisitions were completed on December 19, & December 22, 2014.

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MCALISTER’S DELI SIGNS LEASE FOR NORTH FORT WORTH LOCATION

April 27, 2014  

McAlister’s Deli will open its third Fort Worth restaurant in a neighborhood shopping center being developed in the Alliance area of north Fort Worth.

The Mississippi-based franchise chain, which specializes in sandwiches and soups, will open a 3,500-square-foot location at 9604 N. Riverside Dr., at the northeast corner of Old Denton Road and Heritage Trace Parkway.

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JBL ASSET MANAGEMENT RECENT TRANSACTION

March 04, 2014  

Coral Springs Florida based JBL Asset Management (954-346-9494) recently acquired a 201,268 square foot retail center from Inland Real Estate Group, the Market at Hunting Bayou located in Jacinto City, TX. Todd Gordon, Gordon Realty, represented the Purchaser and Cushman Wakefield Tom Salanty’s Team represented the Seller. This is the second transaction in the past eight months in the Houston MSA for the Florida based company. JBL Asset Management also acquired Tomball Parkway Plaza, Tomball TX, a 133,629 retail Shopping Center from Brixmor Property Group Gordon represented the Purchaser and Matt Berry with HFF represented the Seller in this transaction.

SOURCE: RED NEWS