Jacksonville, FL
CBRE Arranges $13.2M Sale of 50-Acre Site in Southeast Jacksonville to Bristol Development Group
August 16, 2022
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Cliff Taylor and Joe Ayers with CBRE represented the seller, Grand Capital.
The site includes approximately 36 acres in Duval County and 14 acres in St. Johns. It is zoned for 254 multifamily units and up to 130,000 square feet of commercial space.
“We are excited to see Bristol get started on another one of its best-in-class projects in Jacksonville. This location along Race Track Road provides residents with convenient access to some of the city’s major employment centers,” said CBRE’s Cliff Taylor. “Additionally, the proximity to area retail and medical make this one of the Jacksonville MSA’s most activated nodes of development. The city of Jacksonville is fortunate to have a developer the caliber of Bristol continuing to invest in our growing and dynamic city.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.