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
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