Stockbridge Capital Group Acquires Retail Asset In Riverside, Jacksonville For $17.5M

2033 Riverside Ave. in Riverside, Jacksonville, has been sold in a recent retail property transaction. The property was purchased by Stockbridge Capital Group, represented by Terry Fancher & Sol Raso, for a total price of $17,500,000. The property spans across 28,857 square feet, resulting in a price per square foot of $606. The seller in this transaction was North American Development Group.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,500,000
• Address: 2033 Riverside Ave.
• Market: Riverside, Jacksonville

Terry Fancher & Sol Raso, representing Stockbridge Capital Group, played a key role as the buyer in this retail property transaction. On the other hand, the seller, North American Development Group, successfully closed the deal. This transaction marks a significant investment in the Riverside area, demonstrating the ongoing growth and development in the local retail market.