Ferrara Family Holding Corp Purchases BJ’s Wholesale Club In Saint Johns From Falcone Group For $12.5M

The retail asset at 115 Beachwalk Boulevard in the Saint Johns market has been sold for $12,500,000. This property encompasses a newly built 104,298-square-foot BJ’s Wholesale Club, which includes a gas station, auto service center, and liquor store. The transaction occurred less than a year after the store opened.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,500,000
• Buyer: Ferrara Family Holding Corp
• Seller: Falcone Group
• Square Footage: 104,298
• Price Per Square Foot: $120
• Sale Date: July 9, 2025

Falcone Group was the seller in this transaction, transferring ownership to Ferrara Family Holding Corp, a company based in New York. The sale was finalized shortly after the property opened, indicating a strategic move for both parties involved in the deal.