JEA Acquires Development Site In Jacksonville For $2.45M

JEA, represented by Jay Stowe, has purchased a development site located at 225 N Pearl St in Jacksonville. The seller of the property is LaVilla Partners III LLLP. The transaction took place on March 18, 2021, for a total price of $2,450,000. The development site has a building square footage of 40,000, resulting in a price per square foot of $61. The property spans across 2.27 acres, with a price per acre of $1,079,295.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,450,000
• Building Square Footage: 40,000
• Price per Square Foot: $61
• Land Size: 2.27 acres
• Price per Acre: $1,079,295

Jay Stowe, representing JEA, played a key role as the buyer in this transaction. LaVilla Partners III LLLP acted as the seller. Through this deal, JEA has acquired a valuable development site in Jacksonville.