Lisa Palmer Of Regency Centers Purchases 22 Acres In Jacksonville For $8.47M

A 22-acre development site located at 5101 Kernan Boulevard in Jacksonville has been sold for $8,470,000. The property, designed for a retail project known as The Village at Seven Pines, encompasses a total of 182,000 square feet, with a price per square foot of $47.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,470,000
• Buyer: Lisa Palmer - Regency Centers
• Seller: Sawmill Timber LLC
• Acres: 22
• BSF: 182,000
• PPBSF: $47

Lisa Palmer, representing Regency Centers, intends to develop a retail project anchored by Publix on the site. Additionally, Regency Centers will relocate its headquarters to this location, with construction expected to commence in the first quarter of 2026 and retail openings targeted for 2027.