Business Briefs


Ponte Vedra company donates TVs, electronics to Ronald McDonald House

Ponte Vedra-based MDM Commercial Enterprises, Inc. and LG Electronics USA together provided nearly $100,000 worth of equipment to Ronald McDonald House of Jacksonville recently.

The two companies provided and installed 52 LG TVs to the organization, a donation valued at $45,000. The TVs were placed in guest suites at the newly renovated and expanded Ronald McDonald House. MDM Commercial also donated and installed a DirecTV Headend and Z-Band Distribution System, valued at $50,000.

“We at MDM Commercial are grateful for the opportunity to partner with LG Electronics USA in support of RMHC of Jacksonville,” said MDM Commercial Enterprises CEO and Owner Steve Austin. “Our organization values the RMHC mission of providing the comforts of home to families while they are caring for their children receiving life-saving medical treatments. We hope these outstanding products will bring them comfort in their time of need.”

MDM Commercial Enterprises, Inc. has equipped lodging and healthcare facilities since 1990. MDM is one of the country’s largest dealers of LG commercial displays. The company has supported RMHC of Jacksonville through donations and volunteer efforts for nearly 20 years. MDM Commercial previously provided 30 televisions for use in the existing guest bedrooms at the Ronald McDonald House.

Both companies were recently honored at the annual Ronald McDonald House Charities 2016 Awards for Excellence in Chicago.

“MDM Commercial and LG Electronics USA have been incredibly generous in helping us further our mission to provide the comforts of home to families in need,” said RMHC of Jacksonville Executive Director Diane Boyle. “We are grateful to have the support of Mr. Steve Austin and LG as our community partners, and we appreciate that they share our dedication in providing comfort to our precious families.”

Lucky’s Market opens in Neptune Beach

Natural and organic food store Lucky’s Market has opened in Neptune Beach Plaza, bringing the “Organic for the 99 percent” chain to the Jacksonville area.

TLM Realty Corp., which owns Neptune Beach Plaza, said Lucky’s fit the vision the company had for redevelopment of the former K-Mart-anchored property.

“Neptune Beach is a wonderful location, so finding the right tenant for this community was my primary challenge,” said Ronald Oehl, CEO and president of TLM Realty. “Based on the conversations I had with folks in the community at (the) opening, we succeeded on all fronts.”

The first Lucky’s Market opened in Boulder, Colorado in 2003. Since then, the company has expanded to 23 locations in 11 states. In April 2016, The Kroger Co. announced a strategic partnership with Lucky’s Market, with Kroger making “a meaningful investment in Lucky’s, which will significantly accelerate Lucky’s Market’s growth in new and existing markets.”

The new Lucky’s Market is located at 580 Atlantic Blvd. in Neptune Beach.

NAI Hallmark Partners brokers sale of Penman Plaza

Also in Neptune Beach, Penman Plaza has been sold for $6.6 million to a private investment group.

NAI Hallmark Partners represented the seller, Penman Plaza Associates, in the sale of the 60,269 square-foot shopping center. According to NAI, the plaza is currently 100 percent occupied, with tenants that include Winn Dixie, Aaron’s and Tire Kingdom.

“The Penman Plaza offering was extremely competitive and achieved a very aggressive cap rate in part due to its irreplaceable location in the high barrier to entry Beaches submarket and strong credit tenant profile,” said Keith Goldfaden, principal of NAI Hallmark Partners.

Added NAI’s Jeff Conn, “Our client had the vision to renovate and modernize a dated yet well-located center while adding new traffic generating tenants, including Ace Hardware, Bono’s BBQ and VyStar Credit Union, which added to the attractiveness of the property.”