Skinner Bros. Realty has sold five, multi-tenant retail buildings in the Nocatee Town Center, comprised of approximately 40,000 square feet and 15 tenants, for a price of $15.6 million.
The properties are currently 100% occupied. The buildings were sold to Last Mile Investments of Cincinnati, Ohio, a subsidiary of North American Properties, which was represented by Bob Selton and Jason Ryals of Colliers International.
Skinner Bros. Realty started the development in 2015 and completed the fifth building of Phase 1 in 2019.
“While the ownership has been transferred, Skinner Bros. Realty will continue to represent Last Mile Investments as property manager for all five buildings,” said Riley Skinner, vice president of Skinner Bros. Realty. “In addition to our property management role, we continue to be involved in the development and growth of the Nocatee Town Center.”
“It is truly amazing what has been built in Nocatee, a world-class community that we are proud to be joining,” said Ryan Moore, CEO of Last Mile Investments. “Thank you to Skinner Bros. Realty and all involved.”
Skinner Bros. Realty, in partnership with the PARC Group, recently completed the Greenwise-anchored shopping center and has broken ground this month on the next 10,000-square-foot retail building, adjacent to First Watch.
“We are thankful to be a part of the continued growth in the community and look forward to bringing more services and retail to the residents of Nocatee,” said Skinner.