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119 Beaver Street

Bryan Moll Of Gateway Jax Leases 31K SF Retail Space To Kevin Murphy Of Publix In Jacksonville
LEASEDRetail

Bryan Moll Of Gateway Jax Leases 31K SF Retail Space To Kevin Murphy Of Publix In Jacksonville

119 Beaver Street

Building Size

31,000 SF

Asset Type

Retail

Closing

Sep 3, 2025

AI

The property asset involved in this transaction is a retail space located at 119 Beaver Street in Jacksonville. It encompasses a total of 31,000 square feet, situated within a market that is preparing for significant development. The space will serve as an anchor for Pearl Square, a large mixed-use development comprising 1.5 million square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 119 Beaver Street
  • Market: Jacksonville
  • Asset Size: 31,000 SF
  • Landlord: Bryan Moll - Gateway Jax
  • Tenant: Kevin Murphy - Publix

The deal involves Bryan Moll representing Gateway Jax, who signed tenant Kevin Murphy for Publix. This transaction is part of a $2 billion project that includes 1,250 apartments, 200,000 square feet of retail and dining, and a renovated 100-room Ambassador Hotel. Additionally, construction for the 250-unit residential tower is set to commence in the summer of 2026.

Players

Kevin Murphy

Publix

Tenant

$469.8M

vol

10 deals

Tenant

Jacksonville Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93