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JACKSONVILLE

Record & Observer COMMERCIAL REAL ESTATE ISSUE

THE MARKET DRIVERS Record & Observer JACKSONVILLE

BY KAREN BRUNE MATHIS

FELLOW FIGHTING ILLINI

T Record & Observer EDITOR

he Jacksonville area’s

JACKSONVILLE top 10 first-quarter commercial real estate sales topped $326.5

Scott Gendell and his wife, Lisa, formed Terraco Real Estate Development & Management, based in Wilmette, Illinois, a North Shore suburb of Chicago, in 1985. Gendell, who recently bought the Monument Landing shopping center in Arlington, is expanding his real estate business to Jacksonville in part because of his connection to Jacksonville Jaguars owner Shad Khan.

PAGE 4

million, comprising warehouses, apartments, health care and

senior living facilities, as well as

a Downtown JACKSONVILLE hotel. From January

Record & Observer

through March, Duval County

dominated the biggest transactions,

with one distribution center in Clay. In this issue, we profile some of the people, transactions and trends of the Northeast Florida market.

MORE INSIDE Emerald C’s finds a new home in Talleyrand.

PAGE 6 JAXUSA Partnership President Aundra Wallace on his outlook for the rest of this year.

PAGE 7 Chase Properties sells the Reddi-Arts site in San Marco.

PAGE 8 The top commercial sales in the first quarter.

PAGE 10 Special to the Daily Record

What’s Trending: Stein Mart bankruptcy deal approved PAGE 2 The Marbut Report: Equal pay a priority for FAWL leader PAGE 14 The top 10 sales of the week in residential real estate PAGE 16

THE BASCH REPORT

CEO says Rayonier AM shedding ‘noncore’ assets Company focusing on cellulose specialties. PAGE 12 VOLUME 3, NO. 46 • ONE SECTION

WHAT’S TRENDING

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER 2 JaxDailyRecord.com

15, 2021 DAILY RECORD / JACKSONVILLE RECORD & OBSERVER THURSDAY, APRIL JACKSONVILLE

Big news doesn’t break just on Thursday. Here’s a look at some of the top stories published over the past week online at JaxDailyRecord.com and in the Jacksonville Daily Record that you may have missed.

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Special to the Daily Record

The Bono’s Pit Bar-B-Q near St. Johns Town Center will have a drive-thru.

Daily Record 121 W. Forsyth St., Suite 150, Jacksonville, FL, 32202 Phone: (904) 356-2466, Fax (904) 353-2628 jaxdailyrecord.com

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Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily Record, is published Monday-Friday and is the Official Court Newspaper of the Circuit Court and publisher of public notices in Duval County. Kaneco Construction of Jacksonville Bono’s Pit Bar-B-Q will be building is the contractor. Design Cooperative again near St. Johns Town Center. Jacksonville Record & Observer is a free weekly business newspaper available in LLC is the architect. Bono’s President Josh Martino said Downtown Jacksonville and key business nodes throughout Jacksonville. To find a The previous store, with 3,900 April 13 he hopes to open it in late location near you, visit jaxdailyrecord.com/rack-locations. square feet of interior space, was damAugust or early September. aged by fire in March and then city issued a permit April for with EditorialThe content focuses on news and12 trends, a concentration on2020 development, demolished. Jacksonville-based to build aeconomic real estate, construction,Bono’s law, companies, and industry trends and how local “This has been a long time coming,” 3,000-square-foot restaurant on 1.03 and state government affects business. Martino said. acres at 10065 Skinner Lake Drive at a construction cost of $1 million.

Established in 1912, the Financial News & Daily Record, now the Jacksonville Daily JACKSONVILLE Court Newspaper of the Circuit Record, is published Monday-Friday and is the Official Court and publisher of public notices in Duval County.

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Bono’s to rebuild near Town Center

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Legal Advertising Manager / Janet Mohr sion, that he would confirm the plan. Jacksonville-based Stein Mart filed issued an order confirming Stein Mart legal@jaxdailyrecord.com Managing / Monty Zickuhr its Advertising Chapter 11 Associate petitions Aug. 12 and beInc.’sEditor Chapter 11 plan that pays off Legal / Rhonda Fisher mzickuhr@jaxdailyrecord.com gan winding down operations, closing secured and priority claims in full but rfisher@jaxdailyrecord.com Associate Editor Legal / Maxclaims. Marbut the last of its 281 stores 26. only a fraction ofAffairs unsecured Network Administrator / ErikOct. Wagner mmarbut@jaxdailyrecord.com “The Debtors have proposed the Plan The April 13 order also cancels Stein webadmin@jaxdailyrecord.com Staff Mart’s Writer /stock. Katie Garwood in good faith, with the legitimate and Court Typeset / Paula Steiner kgarwood@jaxdailyrecord.com honest purpose of maximizing the value Funk had said at an April 8 hearing in admin@jaxdailyrecord.com Staff U.S. Writer / Mike Mendenhall of the Debtors’ Estates for the benefit of Bankruptcy Court for the Middle Director of Circulation / Anne Shumate mmendenhall@jaxdailyrecord.com their stakeholders,” Funk said in his order. District of Florida, Jacksonville Divisubscriptions@jaxdailyrecord.com Business Manager / Angie Campbell acampbell@jaxdailyrecord.com

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DEVELOPMENTFOLLOW TODAYUS

These are the largest commercial building permits by job cost issued April 13 by JaxDailyRecord the city of Jacksonville. INDUSTRIAL AMUSEMENT RECREATIONAL Victor Street LLC, 2719 Mercury Road, INFORMATION City of Jacksonville,POSTAL 4380 contractor is J.D. Hinson Co., 5,000 Emerson St., contractor is Precision Jacksonville Daily Record (USPS 190-620) is published daily except Saturday, Sunday square feet, new warehouse, $100,000. Playgrounds-Jax Inc., install & legal holidays (New Year’s Day, Memorial Day, Independence Day, Labor Day, playground equipment at Cuba Hunter Thanksgiving and Christmas) by Daily Record & Observer LLC, 121 W. Forsyth St., SIGNS Park, $348,560. SuiteSkate 150, Jacksonville, FL 32202. Periodicals postage paid at Jacksonville, Florida Midtown Table, Burrito Gallery, Mandarin Museum and Historical and at additional mailing offices. Under no circumstances will any news or records Diesel Barbershop, 5016 Gate Society, 11964 Mandarin Road, No. 1, of Duval County be suppressed for anyone. Information in this newspaper is for our Parkway, contractor is Taylor Sign & contractor is R.G. White Construction subscribers only and must not be used by anyone for publication purposes. Design Inc., ground sign, $5,000. Inc., 801 square feet, building Coliseum of Comics, 9344 Atlantic additions, $200,000. POSTMASTER Blvd., contractor is Taylor Sign & Design sign, $2,460. APARTMENTS Send address changes to Jacksonville Daily Record, P.O.Inc., Boxwall 15456, North Hollywood, Sports Clips Haircuts, 9785 Crosshill Fountainhead Apartments at CA, 91615-9965 Blvd., No. 102, contractor is North Flagler Center, 7237 Corklan Drive, Florida Sign Co. Inc., three permits for contractor is Summit ContractingDESIGNATIONS OFFICIAL wall signs, $2,350. Group Inc., 430,475 square feet, 15 permits for apartment, clubhouse, The Official Newspaper for The Official Newspaper The Official Court STORES, MERCANTILE garage,ofmaintenance and the U.S. Bankruptcy Court ofcompactor The Jacksonville Bar Newspaper Duval Costco, Parkway, contracenclosure million. Nov. 21, forGate the Middle District of Association, 1926.4901 County by Orderbuildings, of the $31.71 tor is Essential Construction MainteWaters 900 Florida, Jan. 4, 1947. Circuit Court,Edge July 7,Apartments, 1961. nance Services LLC, 1,099 square feet, Broward Road, contractor is Florida AFFILIATIONS Certified Contractors LLC, two permits tire center renovation, $191,638. for stair replacement, Florida $36,000. Press Association Compiled by Daily Record Staff

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POSTAL INFORMATION Jacksonville Daily Record (USPS 190-620) is published daily except Saturday, Sunday & legal holidays (New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas) by Daily Record & Observer LLC, 121 W. Forsyth St., Suite 150, Jacksonville, FL 32202. Periodicals postage paid at Jacksonville, Florida and at additional mailing offices. Under no circumstances will any news or records of Duval County be suppressed for anyone. Information in this newspaper is for our subscribers only and must not be used by anyone for publication purposes.

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THURSDAY, APRIL 15, 2021

Sugar Factory coming to Town Center THE MATHIS REPORT

KAREN BRUNE MATHIS EDITOR

The Las Vegas candy, cocktails and food concept that boasts of its celebrity sightings is taking the closed Brio Tuscan Grille space. Las Vegas-based Sugar Factory American Brasserie, known for couture lollipops, celebrity sightings and $43 tropical cocktails, intends to take over the closed Brio Tuscan Grille site in The Markets at Town Center. The company said April 14 it will open at the 4910 Big Island Drive restaurant. The projected opening is in January. It said it has the capacity for 312 seats, comprising 175 inside, 22 at the bar and 115 on the patio, in the property’s total 10,800 square feet of space. Special features include an Instagram feature cafe in the front; indoor-outdoor dining and a bar with operable doors to a large outdoor patio with a trellis and lighting; and video, candy and flower walls. It provided no further details. “I think it will be super successful,” said Kelly Pulignano, vice president of The Shopping Center Group. She and The Shopping Center Group partner Stephanie McCullough represented the owner and landlord, Hines, in the lease deal. They said the Town Center area continues to grow with residential, office space and a new hotel. “The demand continues to increase in this area in general due to the growth, and a unique restaurant offering is always in demand,” Pulignano said April 12. They said they have been talking with Sugar Factory since the fall. They referred questions about the investment to Black Star Hospitality Group, whose

Photo by Karen Brune Mathis

The closed Brio Tuscan Grille site in The Markets at Town Center could be transformed into Sugar Factory American Brasserie.

concepts include Sugar Factory. The restaurant, with 7,915 square feet of interior space, was built in 2012 for lease to Brio, which closed in January 2020. McCullough and Pulignano said they expect the property to be renovated. Although it appears to need updating, the sugarfactory. com website says that it operates 19 locations in the U.S. and several internationally. Its Florida sites include Orlando, Miami and in the Tampa Seminole Hard Rock Hotel & Casino. Michael Stern with EDGE Realty Partners in Dallas and Daniel Solomon with Katz & Associates in Miami-Fort Lauderdale represented Sugar Factory, according to McCullough and Pulignano. Stern and Solomon have not responded to emails for comment. The Sugar Factory concept will be expanding. Black Star Hospitality Group says it oversees more than $100 million in revenue and investment through current and future venues, including Sugar Factory. The blackstarhg.com site says it has a more than 15-city exclusive deal with Sugar Factory that will be announced. The Dallas Morning News reported April 8 the chain will open its first Texas location in Uptown Dallas in a former Ruth’s Chris Steak House. Sugar Factory’s LinkedIn site says the company made confections part of the popular culture and turned its Couture Pops into a designer accessory, with stars such as Britney Spears, Drake, Kim Kardashian, Eva Longoria and others photographed with the sparkly lollipops. The sugarfactory.com site

posted that American rapper and songwriter 50 Cent visited the Atlanta Sugar Factory on March 14. As an example of how Sugar Factory operates, the Sugar Factory Tampa at the Seminole Hard Rock Hotel & Casino opens at 11 a.m. daily and closes at 11 p.m. weekdays and 1 a.m. weekends. The 120-seat full-service restaurant features the brand’s signature confectionery with a 4,000-square-foot, floorto-ceiling candy wall with more than 500 types of candy, including bulk and novelty items and its “world-famous Couture Pops.” The pops come with a “diamond”-studded handle that can be refilled with pops in flavors such as champagne, watermelon and pina colada. Sugar Factory also offers coffees, hot chocolate, frozen hot chocolate, specialty rainbow doughnuts and pastries in addition to homemade gelato and ice cream. The online menu for the Tampa location shows appetizers, soups and sides, sandwiches, burgers, pasta, pancakes and waffles and grilled entrees. Prices include an $11 garden salad, $14 grilled cheese, $17 chicken breast sandwich, $18 signature burger, $28 shrimp Alfredo, $32 pan-roasted salmon and a $48 filet. There also are milkshakes that start at $14, sundaes and other desserts. The “World Famous Sugar Factory King Kong Sundae” is $99 and serves 12. An extensive specialty cocktail menu online includes $39 drinks, such as a raspberry watermelon mojito and a classic watermelon pina colada, and $17 drinks such as a chocolate mudslide martini and Grape Crush.

Penny W. Schmidt

Mediator / Arbitrator / Umpire / Special Master Areas of Practice • Personal Injury/Wrongful Death • Insurance Coverage Disputes • Construction Disputes • Commercial and Business Disputes • Homeowner Insurance Disputes • Probate • Collection

Services/Qualifications • Online Scheduling Calendar Available • In Person and Virtual Mediations • Florida Supreme Certified Circuit Court Mediator • Certified Mediator for the Middle District of Florida • Florida Supreme Qualified Arbitrator • Member of the National Academy of Distinguished Neutrals • AV Preeminent Rating by Martindale-Hubbell since 1997

Sugar Factory

The “World Famous Sugar Factory King Kong Sundae” on the menu at at Sugar Factory American Brasserie is $99 and serves 12.

Prices are higher at the Miami location on Ocean Drive, with specialty cocktails listed online at $19 to $43. Sugar Factory hosts parties, weddings and other events, as well. “Sugar Factory’s selection of this location speaks to the strength of the Town Center submarket as one of the premier retail and restaurant destinations in the region,” Pulignano said. Sugar Factory said it is “The Most Instagrammed Restaurant in the United States” by Food & Wine Magazine. It “offers a sweet escape with locations throughout the United States, including the newest restaurant locations in Midtown Atlanta, Hard Rock Hotel & Casino Biloxi, Theatre Box in San Diego’s Gaslamp Quarter, Hard Rock Hotel & Casino Atlantic City, the Fashion Show Mall on the Las Vegas Strip, in New York City on Broadway, in Bellevue near Seattle and in Pentagon City, Washington D.C.” It says other locations include a goblet bar and retail location at the Miracle Mile Shops inside Planet Hollywood Resort & Casino in Las Vegas, retail stores at the Barclays

Center in Brooklyn, Union Square in Washington, D.C., and at McCarran International Airport at the D Gate. “Sugar Factory American Brasserie, complete with retail and the brand’s popular restaurant, can be found globally in New York City, Chicago, Pentagon City, Connecticut at Foxwoods Resort Casino, Orlando and South Beach Miami,” it says. The brand also says it will expand into more domestic markets in Mall of America in Minnesota and in Faneuil Hall Marketplace in Boston. Brio Tuscan Grille closed Jan. 24, 2020, in The Markets at Town Center. A Brio spokesman said then that several factors could have contributed to the closing, including commercial changes in the area around the restaurant and lack of traffic in the restaurant. It closed before the pandemic shut down much of the country, especially affecting the restaurant and hospitality industry, in March 2020. KMATHIS@ JAXDAILYRECORD.COM @MATHISKB (904) 356-2466

Dennis R. Schutt Certified Circuit Civil Mediator Areas of Practice

• Personal Injury/Wrongful Death • Insurance Coverage Disputes • Commercial and Business Disputes • Homeowner Insurance Disputes • Construction Disputes • Contract Disputes • Collections • Subrogation

Services/Qualifications • 30+ Years Experience as Civil Trial Lawyer • 24 Years Military Service [U.S. Army LTC (R)] • U.S. Army JAG Officer • AV Preeminent Rating by Martindale-Hubbell since 2002 • Florida Supreme Certified Circuit Court Mediator • Member of Florida, Georgia and Virginia Bar Associations • American Board of Trial Advocates (ABOTA) “Advocate” Designee • In Person and Virtual Mediations Available • Multiple Rooms • Ample Parking • Easy Scheduling

Jax Mediation Center

2700 University Blvd West, Suite A-1 Jacksonville, FL 32217

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THURSDAY, APRIL 15, 2021

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COMMERCIAL REAL ESTATE

‘IF IT’S GOOD ENOUGH FOR SHAD KHAN, IT IS GOOD ENOUGH FOR ME’ Developer Scott Gendell, who recently bought the Monument Landing shopping center in Arlington, credits the Jaguars owner for his move into the Jacksonville market. BY KAREN BRUNE MATHIS EDITOR

core at least one Jacksonville shopping center investment for Jacksonville Jaguars owner Shad Khan. Developer Scott Gendell, who recently bought the Monument Landing shopping center in Arlington, is a graduate of the University of Illinois Urbana-Champaign. As such, he is familiar with one of what he calls its most revered alumni. “One of the reasons we chose to invest in Jacksonville is if it’s good enough for Shad Khan, it is good enough for me,” Gendell said April 6. “If you are a graduate of the University of Illinois, Shad Khan is someone you look up to and certainly want to emulate.” Gendell is active at the university and has friends in common with Khan. They’ve met a few times. Gendell is a 1979 graduate of the university with a bachelor’s degree in advertising. Khan is a naturalized U.S. citizen who left Pakistan in 1967 at age 16 to attend the university. He graduated in 1971 with a degree in industrial engineering. He later bought and built up the Urbana-based global Flex-N-Gate Corp. automobile parts manufacturer. Khan purchased the Jaguars in 2012. Gendell went on to receive a law degree from the Chicago-Kent College of Law at Illinois Institute of Technology in 1982 and began his career as a real estate attorney in Chicago’s northern suburbs. In 1985, he and his wife, Lisa, formed Terraco Real Estate Development & Management, based in Wilmette, Illinois, a North Shore suburb of Chicago. Terraco specializes in developing, buying and managing retail, office, medical and mixed-use properties with an emphasis on neighborhood and community shopping centers and singlepurpose retail stores. Terra is Latin for land. “My two semesters of college Latin had to be good for something,” Gendell said. Terraco has developed or managed more than 120 properties, primarily in the Midwest. It began buying in Florida in the past decade in Orlando, Tampa and Vero Beach. “And now Jacksonville,” Gendell said. Terraco branched into Jacksonville with the March 19 acquisition of Monument Landing for $13.7 million. The 66,780-square-foot retail center is on 8.85 acres at 2485 Monument Road in the Fort Carolina area of East Arlington. Major tenants include Walgreens, Bailey’s Health & Fitness, UF Health Family Medicine and Dollar Tree. The center was developed in 1988 and Walgreens was built in 2008. Terraco bought the center from The Josephs Group of Orangeburg, New York, which paid $12.2 million for it in June 2017.

Photo by Karen Brune Mathis

Developer Scott Gendell paid $13.7 million for the 66,780-square-foot Monument Landing shopping center on 8.85 acres at 2485 Monument Road in the Fort Caroline area of East Arlington.

Special to the Daily Record

“This is going to be one of several properties that we either own or develop in Jacksonville,” developer Scott Gendell says.

Gendell said Dennis Carson of CBRE in Miami facilitiated the transaction, representing the buyer and seller. “This property is in an excellent neighborhood, is close to the water and it has tenants we are familiar with,” Gendell said. The location is near the St. Johns River in the Fort Caroline area and near the beaches by way of the Wonderwood Expressway. The center is fully occupied. David Gallagher is the Terraco property manager. Gendell said he has built more than 35 Walgreens pharmacies and multiple Dollar Tree stores. He said Terraco is familiar with Jacksonville-based Bailey’s, and “the University of Florida medical group is something we thought was an asset to the city and the area.” Terraco expects to make more area acquistions. “This is going to be one of several properties that we either own or develop in Jacksonville,” Gendell said. “We are real estate developers but we will buy a center that we think is a good, stable asset that we can upgrade over time.” Gendell said Terraco wants to look at Downtown and other areas. “We are actively looking for opportunities in the Jacksonville market,” he said, requesting that anyone who wants to reach him do so at shg@terracorealestate.com. Downtown, he would look at a project with ground-level retail and entertain-

Photo by Karen Brune Mathis

Monument Landing tenants include Walgreens, Bailey’s Health & Fitness, UF Health Family Medicine and Dollar Tree.

ment, with apartments on upper floors. In suburban areas, Terraco would take more of a conventional shopping-center approach, he said. With his experience with the chain, “where there isn’t a Walgreens and there is a corner, we would like that.” Gendell said Terraco is not afraid of building where there is not as much residential density because “we understand the car allows you to broaden the radius of a target market.” Terraco wants to grow its footprint and portfolio throughout Florida. While its properties are concentrated in Illinois, it also has locations in Arizona, Indiana, Michigan, Minnesota, Ohio, Pennsylvania, Wisconsin as well as Florida. The company grew from a neighborhood retail development business to a real estate development and management company with a portfolio of more than 5 million square feet of retail and office properties. Terraco owns and/or manages 75 properties in nine states. In Florida, its properties include two retail centers in Orlando, 300 apartments in Tampa and residential acreage in Vero Beach.

Gendell thinks Jacksonville will draw more interest from investors. “Jacksonville has a bit of an undersized reputation in the Midwest and I am not sure why that is, but I think that will change in the next decade,” Gendell said. He looks at the community and the climate – and the fact it has an NFL franchise with “a proactive owner and now they have one of the great coaches in college football history.” “That might not seem like a huge deal, but it gets people to notice.” The Jaguars hired Urban Meyer as head coach in January. He coached collegiately at Florida, Bowling Green, Utah and Ohio State. He went 187-32 as a college coach, the Jaguars noted. Jacksonville, Gendell said, “feels like a Midwestern city on some levels.” “There is a Midwestern sensibility. People work hard, they are not showy and they are interested in a good life,” he said. Gendell said Terraco is “really, really happy to be part of the community.” “Don’t develop in a community that you don’t care about.” KMATHIS@JAXDAILYRECORD.COM @MATHISKB (904) 356-2466

JaxDailyRecord.com

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, APRIL 15, 2021

A VISION AS BOLD AS OUR CITY.

SETTING OUR SIGHTS ON JACKSONVILLE’S FUTURE SINCE 1924. From revolutionizing the cigar industry right here in Jacksonville to today’s bold vision for the future, our people have always driven our culture of innovation and rooted us in this community—paving the way for the successes we enjoy today. At Swisher, our vision is to encourage innovative thinking and action not only in our business but in the many ways we give back to the city we proudly call home.

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459 E. 16th St., Jacksonville, FL

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, APRIL 15, 2021

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COMMERCIAL REAL ESTATE

Emerald C’s finds new home in Talleyrand The owners plan “pretty major renovations” to the 1950s-era building that offers views of TIAA Bank Field. BY KAREN BRUNE MATHIS EDITOR

Brittany and Jesse Culbreth searched for a new headquarters for Emerald C’s Development Inc., their general contracting firm that focuses on interior build-outs. They found one in the Talleyrand area of Downtown. “We came across this property and saw it had the potential to be something great,” company President and co-owner Brittany Culbreth said April 8. She said the industrial area near TIAA Bank Field “hasn’t had a lot of love,” so the Culbreths decided to share some of their own. Through 1750 E. Duval LLC, they paid $750,000 on March 24 for a vacant two-story, 6,250-square-foot office structure and 8,000-square-foot warehouse that is leased to a tenant, who will remain for now. Both buildings were developed in 1955. Center State Bank issued a $680,000 mortgage. Jesse Culbreth, company vice president and co-owner, said the deal is financed by the SBA through Florida First Capital Finance Corp. and Center State Bank. The property is at 1750 E. Duval St., next to the colorful Toon Town Jax building, a creative and event space covered with cartoon murals. “We’re going to do some pretty major renovations of the interior and exterior. We are hoping to make a pretty cool spotlight for the area,” he said. That could include a mural of their own. The structure also has a 1,250-square-foot deck. They will need Downtown Development Review Board approval and are researching potential incentives. The design team includes Thomas Duke Architect, Micamy Design Studio and Fortress Engineering Group. The stadium and the energy from the Jacksonville Jaguars are a big reason for the site choice. “With the changes in the Jaguars and with Urban Meyer on board, we wanted to stake our

Photos by Karen Brune Mathis

Jesse and Brittany Culbreth on the building deck at 1750 E. Duval St. They plan to renovate the structure as the headquarters for Emerald C’s Development Inc., their general contracting firm.

Special to the Daily Record

An artist’s rendering of the renovated Emerald C’s Development Inc. headquarters in Talleyrand.

spot,” Brittany Culbreth said. The Culbreths are graduates of the University of Florida, where Meyer coached. The Jaguars hired him in January as head coach. The building’s previous uses include for construction maintenance and accounting firms, but has been vacant since it flooded during Hurricane Irma in 2017. They bought the 0.9-acre property from Talleyrand Properties Inc., led by John Ferlisi. Emerald C’s leases 3,700 square feet of suburban space

at 8400 Baymeadows Way in Baymeadows Business Park. The couple started the company in 2010 and kicked it into high gear in 2013. They have 14 employees and hope to add more. Emerald C’s Development specializes in interior buildout projects, serving corporate/ office, health care, industrial, production, education, recreation and retail. They incorporated Emerald C’s in 2010. Their Emerald-Cs.com site said the company “really grew

wings in 2013 when Brittany and Jesse devoted their full attention to becoming a prominent presence in Jacksonville.” The name stems from their Emerald Coast roots and C’s from the Culbreth family name. Their families have lived in the Florida Panhandle and South Alabama region for more than a century. Clients include Brooks Rehabilitation, Turner Pest Control, Velocity Air Sports and other local and national companies, the site says.

Brittany Culbreth, who was born in Panama City and grew up in Orlando, graduated from the University of Florida in 2006 with a bachelor’s degree in construction management. She started her career with a defense contractor building ground-up projects on military bases throughout the southeastern United States. She became a state-certified general contractor and began renovating houses in her off time. Jesse Culbreth, a native of Destin, graduated from Florida in 2005. He started his career in residential construction and transitioned into commercial in 2007 specializing in interior build-out projects. The couple married in 2009 and have two sons – Mason, 9, and Casey, 1½. The business is available for them when the time comes. “That’s a goal for sure,” Jesse Culbreth said. KMATHIS@ JAXDAILYRECORD.COM @MATHISKB (904) 356-2466

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

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FROM STAFF

JAXUSA Partnership President Aundra Wallace spoke March 31 to the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter. JAXUSA is the JAX Chamber’s economic development division that recruits companies and jobs to the city. The organization has a budget of $3.3 million and a staff of 14. Here’s are some of Wallace’s insights:

Prospects in the pipeline Office opportunity Because of company decisions to leave high-cost areas, we see tremendous opportunity, particularly in financial services and IT. We believe there’s opportunity in the office sector and JAXUSA will be relishing the opportunity to work with our commercial brokerage industry to attract these companies.

Back to the office

Florida seems to be the top state for remote work, and we will be working with companies that are relocating here when employees may also be relocating elsewhere. We will work to attract (the) remote workforce in addition to attracting talent for existing jobs within our region.

As the vaccine continues to roll out and people come back to the office, we’ll see more significant opportunities for us in 2021. According to a PricewaterhouseCoopers study, very few U.S. executives and employees are prepared to totally abandon the office environment. By July, three-quarters of executives anticipate at least half of the office employees will be working in the office. That said, you’ve got about 85% of executives expecting to make changes to their real estate strategy over the next year, including consolidating office space in premier locations, and/or opening satellite locations.

Flocking to Florida and Jacksonville

Hybrid workplace

Too many apartments under development? Will job recruitment and job growth fill those units? I would say yes. They wouldn’t be building it if there weren’t numbers that dictate that they can actually fill the units. I certainly believe that, yes, recruitment and job growth will fulfill that.

850-1,000 845,000 The number of people moving to Florida every day, with 7% to 8.5% of those coming to Northeast Florida.

File image

JAXUSA Partnership President Aundra Wallace

The Northeast Florida labor force from the population of 1.8 million.

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The JAXUSA outlook for 2021

Right now the team is chasing about 58 new projects that represent more than 3,300 jobs and almost $584 million of capital investment. We’ve got about 22 projects that are very hot. E-commerce and advanced manufacturing will remain active and remain strong this year. We think there is a great opportunity for us in the biotech and life sciences.

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Office space is now planned where Southbank Crossing was designed to bring restaurants and retail stores to San Marco. BY KATIE GARWOOD STAFF WRITER

Chase Properties Inc., which had been planning to redevelop the Reddi-Arts property as Southbank Crossing, sold the almost 1-acre San Marco site for $2 million, according to a deed recorded April 8 with the Duval County Clerk of Courts. Kings Ave Properties LLC, managed by Dav-Lin Interior Contractors Inc. President Allen Stevens, purchased the property at 1037 Hendricks Ave. Stevens said April 9 that he intends to redevelop it into a 14,000-square-foot mixed-use development. About 8,000 square feet will be used as office space for DavLin and the other 6,000 square feet will be leased. Parts of the property will be demolished, he said. “It’s going to be more of an adaptive reuse project where I’m going to try to retain some of the feel (of the property),” he said. While he doesn’t have plan renderings, Stevens said the project will need Downtown

File image

Dav-Lin Interior Contractors Inc. President Allen Stevens purchased the Reddi-Arts property at 1037 Hendricks Ave. from Chase Properties. The art supplies store is moving to Springfield.

Development Review Board and Downtown Investment Authority review before starting construction. He estimates work will start in three months with completion by yearend. Dav-Lin is Stevens based at 6811 Phillips Industrial Blvd. Stevens said the Reddi-Arts property will be used as an annex and include Dav-Lin signage.

Kings Ave Properties LLC financed the deal with a $1,785,000 mortgage from Ameris Bank, according to the recording at the clerk’s office. Reddi-Arts is operating in the space as it awaits the completion of its new store at 1731 N. Main St. in Springfield. Chase Properties, managed by Mike Balanky, purchased the property for $1.6 million in January 2020. He bought the property from former Reddi-Arts owner Howard Meiselman. Chase planned two buildings

totaling about 10,500 square feet that included restaurant and retail space. Balanky said he was negotiating with a few restaurants to build at the development when the pandemic hit, stalling those conversations. Balanky said Stevens asked him if he would be willing to sell the property after seeing construction had been delayed. “I said ‘yeah, for the right price we would sell it,’ so we negotiated a deal,” Balanky said. Proceeds from the sale will be moved into another Chase

Properties development project that Balanky said is in the early planning stage. Stevens said he has held several properties in the area over the years and owns 1024 Kings Ave., adjacent to Reddi-Arts. “I always liked (the ReddiArts) property and always wanted to buy it and finally had my opportunity, so I did,” Stevens said. KGARWOOD@ JAXDAILYRECORD.COM (904) 356-2466

Apartments planned for former Regal Cinemas on Beach BY KATIE GARWOOD STAFF WRITER

The City Council approved a bill 18-0 on April 13 to rezone the former Regal Cinemas property on Beach Boulevard to allow for multifamily development. A JEA Service Availability letter dated Oct. 21 from PG Investco LLC states it wants to build a 350-unit community called Presidium Beach Blvd. A JEA report for March 30 said the number of units is 400. Attorney Paul Harden is listed

as the applicant. The rezoning application seeks to rezone the property at 14051 Beach Blvd. from commercial community general to high-density residential. A Regal Cinemas spokesperson could not be reached about when the theater closed, but the location no longer is listed on the company website. Regal operates two locations in Jacksonville at 9525 Philips Highway and 12884 City Center Blvd. in River City Marketplace. The theaters were closed for much of the past 12 months because of the pandemic. Mark Farrell is listed as the registered agent of Dallasbased PG Investco LLC. Farrell

is the president of development for Presidium Group, a Texasbased real estate developer. Farrell did not return a call for comment. Presidium developed the JTB Luxury Apartments at 8876 AC Skinner Parkway and Presidium Town Center at 7738 AC Skinner Parkway. Elda FL Investments LLC owns the 14.01-acre theater and parking lot property. The Jacksonville Planning Commission approved it 5-0 on March 18, followed by Council Land Use & Zoning Committee approval 7-0 on April 6. KGARWOOD@ JAXDAILYRECORD.COM

Photo by Karen Brune Mathis

The former Regal Cinemas at 14051 Beach Blvd. could make way for the Presidum Beach Blvd. apartments.

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

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THURSDAY, APRIL 15, 2021

CGI WINDOWS & DOORS LAUNCHES STATEWIDE CONTEST to

Celebrate

Meet Our 2020 Winners JOAN SAINT-HILAIRE a Cutler Bay, Florida, kindergarten teacher is passionate about being a teacher, but it’s what she does above and beyond her everyday teaching responsibilities that really sets her apart. For 26 years, she’s been advocating for her students, feeding those who are short on food, and making house visits to deliver school supplies.

KATIE LIZANA is a fourth-generation watchmaker who has been sewing to save health care professionals’ ears after hearing that many nurses and doctors were experiencing discomfort due to the loops and restrictions of their surgical masks. The Hollywood, Florida resident developed an ear-saving product prototype and has crafted and customized thousands of complimentary medical mask attachments for health care workers across the country.

DEMI GENAO is a registered nurse at Broward Health Medical Center, works 12hour shifts three days a week. She

typically arrives home exhausted but that doesn’t stop her from buying and hand-delivering groceries to the elderly in her community during her time off.

into a statewide contest to recognize heroes across Florida who go above and beyond to help others.

JARREL STRONG

“Our first CGI Heroes campaign in 2020 resulted in hundreds of stories of individuals demonstrating strength and compassion in South Florida. When we saw how the winning stories brought hope to the communities and encouraged others to also take steps to serve those in need around them, we were inspired to expand our contest to the entire state,” said Bob Keller, President of the Southeast Business Unit for PGT Innovations. “It will be our honor to acknowledge the efforts being performed by everyday heroes all over Florida and to highlight their contributions to their communities.”

a Miami-native, is compelled to help the homeless. He saw the need for daily resources and food for those living on the streets. He personally hand delivers meals in to-go containers, complete with utensils, that feed about 300 men and women in Overtown, Florida.

These compassionate everyday heroes were the first four winners in the 2020 CGI Heroes: Celebrating Strength contest, which recognized Miami-area residents who demonstrated selflessness within their community. Each of the chosen heroes were awarded a $2,000 cash prize for their efforts. This year, Hialeah-based CGI Windows & Doors, part of the PGT Innovations family of brands, is expanding its successful “CGI Heroes: Celebrating Strength” initiative

Now through April 22, individuals can nominate a full-time Florida resident as a “community hero” at www.cgiwindows.com/heroes. Four new CGI Heroes will be recognized and each awarded a $1,000 cash prize. After that, a statewide public online voting period will determine the grand prize winner who will be presented with a $5,000 cash prize.

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, APRIL 15, 2021

JaxDailyRecord.com

Top commercial sales of the first quarter FROM STAFF

Here are the top 10 commercial real estate sales in Northeast Florida, comprising Clay and Duval counties. The sales were recorded Jan. 1- March 31. DUVAL

DUVAL

CLAY

DUVAL

$63,350,313

$50,500,000

$43,900,000

$40,625,000

$35,100,000

9601 Southbrook Drive, Jacksonville

4435 Touchton Road E., Jacksonville

10501 Cold Storage Road, No. 100, Jacksonville

4627 J.P. Hall Blvd., Green Cove Springs

245 Water St., Jacksonville

Type: Brookdale Southside Senior Living Parcel size: 32.91 acres Building size: 18 buildings totaling 342,150 square feet Buyer: OHI Asset (FL) Jacksonville LLC Seller: HCP Jacksonville LLC Previous sale: $29,150,000 in 2002

Type: Eddison at Deerwood Park apartments Parcel size: 32.76 acres No. of units: 282 Buyer: Eddison at Deerwood Park LP Seller: LJC Deerwood Park LP Previous sale: $40,872,000 in 2017

Type: Warehouse Parcel size: 25.95 acres Building size: 552,720 square feet Buyer: 10501 Cold Storage Road LLC Seller: JI Imeson Industrial 552 LLC

Type: Green Cove Springs Distribution Center Parcel size: 137.18 acres Building size: Six buildings totaling 782,025 square feet Buyer: Green Cove Springs Distribution Center LLC Seller: Green Cove LLC, NEFIC Holdings LLC, Merel Ventures LP, Carl Manofsky, Timothy Luby, Bradley P. Gdowski, Stewart W. Mills and the J.C.A. Gift Trust Previous sale: $14,943,600 in 2003

Type: Omni Jacksonville Parcel size: 1.04 acres Building size: 287,042 square feet Buyer: LR JAX LLC Seller: Omni Jacksonville Corp.

DUVAL

$21,700,000

$19,371,000

$17,515,170

$17,474,000

$17,010,000

5245 Commonwealth Ave., Jacksonville

7200 Powers Ave., Jacksonville

4101 Southpoint Drive E., Jacksonville

11001 Pritchard Road, Jacksonville

3455 San Pablo Road S., Jacksonville

Type: Fanatics warehouse Parcel size: 27.69 acres Building size: Three buildings totaling 592,044 square feet Buyer: Ranger Commonwealth LLC Seller: SCIP 5245 LLC Previous sale: $15,025,000 in 2018

Type: Pointe Sienna Apartments Parcel size: 15 acres No. of units: 260 Buyer: Pointe Sienna (M-O) Owner LLC Seller: El-Ad Pointe Sienna LLC Previous sale: $4,500,000 in 1999

Type: Consulate Health Care of Jacksonville Parcel size: 6.08 acres No. of skilled nursing beds: 116 Buyer: OHI Asset (FL) Jacksonville- 4101 Southpoint Drive LLC Seller: RE Jacksonville LLC Previous sale: $5,100,000 in 2002

Type: Warehouse Parcel size: 11.66 acres Building size: 244,454 square feet Buyer: 11001 Pritchard Rd LLC Seller: Florida Becknell Investors 2011 LLC Previous sale: $10,650,000 in 2013

Type: HarborChase of Jacksonville senior living Parcel size: 7.99 acres Building size: 58,213 square feet Buyer: EPC Guardian LLC Seller: HCP Eden1 Jacksonville FL LLC Previous sale: $6,651,300 in 2003

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

JaxDailyRecord.com

FROM STAFF

Photo by Karen Brune Mathis

Through BGP Orland Park L.L.C., Illinois-based Terraco Real Estate Development & Management bought the Monument Landing retail center in Arlington for $13.7 million.

DUVAL

$13,717,000

$10,450,000

$9,753,447

$9,675,000

$7,350,000

2485 Monument Road, Jacksonville

121 W. Forsyth St., Jacksonville

14390 Mayo Blvd., Jacksonville

12961 N. Main St., Jacksonville

8737 Baymeadows Road, Jacksonville

Type: Monument Landing commercial center Parcel size: 8.85 acres Building size: Four buildings totaling 66,790 square feet Buyer: BGP Orland Park L.L.C. Seller: Monument Landing LLC Previous sale: $12,200,000 in 2017

Type: 121 Atlantic Place office Parcel size: 0.36 acres Building size: Two buildings totaling 121,308 square feet Buyer: 121 Atlantic Place Holdings Inc. Seller: 121 Atlantic Place LLC Previous sale: $3,150,000 in 1992

Type: Courtyard by Marriott Parcel size: 6.3 acres Building size: 89,495 square feet Buyer: Mayo Clinic Jacksonville Seller: HPTCY Properties Trust Previous sale: $13,071,300 in 1996

Type: Main Street Place shopping center Parcel size: 7.76 acres Building size: Three buildings totaling 47,065 square feet Buyer: First Coast Land Development Inc. Seller: Main Street Place at Oceanway LLC Previous sale: $969,420 in 1985

Type: Multifamily Parcel size: 3.9 acres Building size: 81,280 square feet Buyer: Lenox Cove Apartments LLC Seller: Baymeadows Hotel LLC Previous sale: $5,000,000 in 2018

CLAY

ST. JOHNS

DUVAL

ST. JOHNS

$6,411,800

$3,499,400

$3,439,800

$3,014,445

$2,827,450

Brannan Oaks Drive, Middleburg

Settlers Landing Drive, Ponte Vedra

6575 and 6611 Blanding Blvd., Jacksonville

Potters Mill Trail, Ponte Vedra

Type: Undeveloped Parcel size: 150.55 acres Buyer: Water-Ade Properties LLC Seller: BFC Partnership Ltd.

Type: 41 residential lots in Crosswater Village Phase 6A Parcel size: Not available Buyer: Weekley Homes LLC Seller: Sonoc Co. LLC

47, 77 and 89 Hutchinson Lane and 32 Watley Lane, St. Augustine and Ponte Vedra Beach

Type: Commercial Parcel size: 3.43 acres Building size: 10,526 square feet Buyer: FIP Master Funding II LLC Seller: EquipmentShare.com Inc.

Type: 23 residential lots in Crosswater Village phases 6A and 6B

Type: Residential Parcel size: 0.92 acres Buyer: Dream Finders Homes LLC Seller: Guardian Residential Income Fund I LP

SPECIAL EDITION

COMMERCIAL REAL ESTATE

Top commercial sales of the week Here are the top 10 commercial real estate sales in Northeast Florida, comprising Clay, Duval and St. Johns counties. The sales were recorded April 5-11.

THURSDAY, APRIL 15, 2021

Parcel size: Not available Buyer: Jax Construction Holdings LLC Seller: Sonoc Co. LLC

LAW DAY 2021

The Jacksonville Daily Record and the Record & Observer Law Day 2021 celebrates the rule of law. The American Bar Association Law Day theme–Advancing the Rule of Law, Now–reminds all of us that we the people share the responsibility to promote the rule of law, defend liberty, and pursue justice. The Jacksonville legal community recognizes Law Week with community service events.

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COMING THURSDAY, MAY 6 Reserve your ad space by Thursday, April 22. Contact your account executive at 904-356-2466 or advertise@jaxdailyrecord.com

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, APRIL 15, 2021

JaxDailyRecord.com

THE BASCH REPORT

Rayonier AM shrinking, sales slipping “The sale of the lumber and newsprint businesses allows us to divest noncore assets at an attractive valuation and positions Rayonier Advanced Materials to further invest in the earnings growth of our core High Purity Cellulose assets and its biofuture while also reducing overall debt.”

MARK BASCH CONTRIBUTING WRITER

The company is shedding units to focus on its cellulose specialties core. Rayonier Advanced Materials Inc. more than doubled in size and briefly entered the Fortune 1000 in 2019 after acquiring Montreal-based Tembec Inc. in late 2017. However, the Jacksonvillebased company is getting smaller as it sheds some of the Canadian operations acquired from Tembec to focus on its core cellulose specialties products. Rayonier AM announced a deal April 12 to sell six lumber mills and one newsprint mill in Canada to Vancouver-based GreenFirst Forest Products Inc. for $214 million. That deal follows a 2019 sale of a pulp mill in Quebec to South Africa-based Sappi Ltd. for $175 million. After acquiring Tembec, Rayonier AM’s revenue jumped from $961 million in 2017 to $2.13 billion in 2018, vaulting the company into 951st place on Fortune magazine’s annual list of the 1,000 largest U.S. companies. However, the pulp mill sold in 2019 produced $177 million of those sales. Rayonier AM sales have continued to drop since then, largely because of weakness in its core cellulose specialties market. The company reported 2020 sales of $1.74 billion, which included $392 million in forest products sales from the six lumber mills being sold to GreenFirst, and $47 million from the newsprint plant included in the deal. The forest products segment was particularly strong in 2020 because of rising lumber prices, sending sales in the business up 31%. So Rayonier AM will continue to shrink in size when the deal is completed later this year, but it is hoping the cash from the sale will help it improve operations. GreenFirst is paying about 85% of the $214 million sales price in cash and the rest in the company’s stock, which is publicly traded. “The sale of the lumber and newsprint businesses allows us to divest non-core assets at an attractive valuation and positions Rayonier Advanced Materials to further invest in the earnings growth of our core High Purity Cellulose assets and its biofuture while also reducing overall debt,” CEO Paul Boynton said in a news release.

International Baler may go private International Baler Corp. has been an under-the-radar company for years but has remained publicly traded.

Rayonier CEO Paul Boynton

Rayonier AM

That soon may change as its controlling shareholder has offered to buy the shares of the Jacksonville-based company that is does not already own. According to a Securities and Exchange Commission filing last week, Avis Industrial Corp., which owns 81.1% of International Baler’s shares, has offered to acquire the remaining stock. Indiana-based Avis owns several competitors that make balers, which are used by businesses to bundle waste for disposal and recycling. Avis is owned by the estate of Leland Boren, its former CEO who died in 2018. Boren and his wife began buying shares of International Baler, then known as Waste Technology Corp., in 2005 and became the majority stockholder by 2007, according to SEC filings Boren’s accumulation of stock left few shares available for trading. Avis’ 81.1% stake represents about 4.2 million of the 5.18 million International Baler shares outstanding. The stock was trading at $1.32 but jumped above $2 last week after the SEC filing revealed Avis’ offer. Terms were not disclosed in the filing. International Baler said in the filing its board of directors formed a special committee to evaluate the offer, but no timetable has been set to complete the process. International Baler operates from a 62,000-square-foot building it owns at 5400 Rio Grande Ave. on the Northside. It reported 49 full-time employees at the end of fiscal 2020. The company’s most recent financial filing showed revenue of $2.35 million and net income of $489,389 for its first quarter ended Jan. 31.

CSX-Pan Am deal termed ‘significant’ It turns out that CSX Corp.’s proposed acquisition of Pan Am Systems Inc. is a big deal after all, according to federal railroad regulators.

Jacksonville-based CSX’s application with the U.S. Surface Transportation Board asked the regulators to classify the deal as a “minor” transaction, but the federal agency said in a March 25 ruling that it considers the deal to be “significant.” The acquisition of Massachusetts-based Pan Am’s 1,800-mile rail network would expand the company’s operations in New England. CSX said in its application that if the deal was deemed significant, it would add 75 more days to the regulatory process than if the deal was classified as minor. The regulatory board has three categories for evaluating mergers: minor, significant and major. The board said in a news release that CSX is a Class I railroad and Pan Am is Class II, and only mergers between Class I railroads are considered as major. “The demarcation between ‘significant’ and ‘minor’ turns upon whether the transaction would have ‘regional or national transportation significance,’” it said.

The board decided the Pan Am acquisition would be significant because “several shippers on affected lines might lose competitive access to two railroads” and “certain short line railroads might connect with a single railroad network, as opposed to having multiple connections,” it said. “The Board’s decision to treat the proposed CSXT-Pan Am transaction as ‘significant’ – as opposed to ‘minor’ – provides a greater opportunity to develop a more complete record upon which to consider the transaction’s competitive implications and the public interest in meeting significant transportation needs,” board Chairman Martin Oberman said in the news release. The board said the final application for the merger must be filed by June 25 and it could take up to 10 months to review the application.

JinkoSolar earnings tumble JinkoSolar Holding Co. Ltd. reported disappointing fourthquarter earnings last week, but the China-based company

expressed optimism about its U.S. solar manufacturing operations moving forward. The company serves the U.S. market through a solar panel manufacturing plant in AllianceFlorida at Cecil Commerce Center in West Jacksonville that opened in 2019 as JinkoSolar’s first plant outside of Asia. JinkoSolar said fourth-quarter adjusted earnings dropped 92% to $5.1 million, or 11 cents a share. That was 25 cents a share lower than the consensus forecast of analysts, according to Thomson Reuters. “The solar industry showed a tenacious volatility in the midst of the pandemic’s doom and gloom atmosphere and economic contraction,” Chief Marketing Officer Gener Miao said in a conference call with analysts. However, Miao said an economic recovery and “accelerating decarbonization of the U.S. energy system” will continue to make solar power attractive. “Compared with other renewable energy sources, the price of solar power in the U.S. is very competitive and market competition is more rational because of this unique supplydemand relationship and market entry route,” he said. “We are confident about maintaining our leading position in the U.S. market with stable supply capability, excellent customer service, and high-quality product advantage.” Despite the company’s optimism, Roth Capital Partners analyst Philip Shen downgraded JinkoSolar’s stock April 12 from “buy” to “neutral,” saying the company provided “weak” guidance for first-quarter results. “Although headline 2021 shipment guidance was in line, management redefined the terms to include wafer, cell, and module shipments as opposed to just module shipments, implying a weakerthan-expected outlook for module shipments,” Roth said in his research note. “Look for the stock to be weak until the outlook for volume and margins improves, and it’s unclear when that will happen,” he said. MBASCH@ JAXDAILYRECORD.COM

JinkoSolar falls

$5.1M

Fourth-quarter adjusted earnings at the company, which has a manufacturing facility at Cecil Commerce Center.

92%

Percentage change of from the previous quarter.

File image

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

JaxDailyRecord.com

THURSDAY, APRIL 15, 2021

Promotions, hirings and happenings for business people in Northeast Florida. Send items to kmathis@jaxdailyrecord.com

Skoglund

O’Reilly

McGowan

Delgado

Prigge

Argalas

Neely

Sweeting

Mizrahi

Goetz

Marcus

Suwak

Praskovich

Reilly-Finch

McClung

Karzan

Johnson

The Jax Federal Credit Union board of directors appointed John Servos as CEO and president. He joins after a 22-year career at Neighbors Credit Union in St. Louis where he was CEO for more than 12 years. Mary Svoboda, who has been interim president and CEO since March 2020, has returned to her previous dual roles of chief operating officer and chief lending officer.

has worked with GreenPointe Regional President Mike Taylor. GreenPointe Developers named Jim McGowan as regional president for the West Coast of Florida, including Manatee, the greater Tampa, Lakeland and Orlando metropolitan statistical areas. McGowan previously worked at KB Home as vice president of land and for CalAtlantic as vice president of land acquisition

Crowley Maritime Corp. appointed Trish Skoglund as corporate director of mergers and acquisitions. Based in Jacksonville, she will report to Deepak Arora, vice president of corporate strategy. Skoglund previously led sales and supplies services for Crowley Fuels.

The KPMG LLP U.S. audit, tax and advisory firm named Jerry E. Delgado as office managing partner in Jacksonville, succeeding Jim Stepnoski, who is retiring after 31 years with the firm. Delgado, who has been with KPMG for 20 years, is responsible for the strategic direction and growth of the Jacksonville office.

GreenPointe Developers LLC promoted Liam O’Reilly to regional president to manage the company’s operations in southern St. Johns, Clay, Flagler and Volusia counties. For the past three years as senior land development manager, O’Reilly

Regency Centers Corp. promoted Scott Prigge to managing director, Property Operations, and named Barry Argalas as senior vice president, National

SAVE THE DATE

Transactions and Investment Strategy. Prigge joined Regency in March 1997 as a project manager. Argalas joined Regency in 1996 as an analyst. Orange Park Medical Center, an HCA Healthcare affiliate, announced that Kathy Neely was named chief nursing officer. She had been serving as the interim chief nursing officer. Atlantic Logistics announced Grant Sweeting as the firm’s controller to oversee the accounting department and staff for the professional brokerage, third-party logistics (3PL) business. He will report directly to CEO Rob Hooper. River Garden Senior Services announced Mauri Witten Mizrahi as the organization’s fourth CEO, succeeding retiring CEO Martin Goetz from River Garden, where he served for 43 years. Mizrahi is a Jacksonville native who began work at River Garden in 2005 as a physical therapist and joined the

administration team in 2017. The Jewish Community Alliance hired Ben Marcus as director of development. He has been an independent nonprofit consultant. Rebekah Suwak joined Goodwill Industries of North Florida as vice president of marketing & communications, a new role. She previously was director of marketing with Rethreaded. Crowley Maritime Corp. promoted Alisa Praskovich to vice president of sustainability, where she will lead the company’s efforts in environmental, social responsibility and governance activities globally. Praskovich, who reports to Chief Operating Officer Ray Fitzgerald, joined Crowley in 2016 as a manager of operations integrity. Ascension St. Vincent’s Foundation hired Natalie Reilly-Finch as director of

major gifts to oversee the development of strategies to support the organization’s fundraising goals. She joins after a nearly four-year tenure at Ascension Michigan.

PEOPLE ON THE MOVE

Servos

Brett McClung, president and CEO of Baptist Health, was appointed as a state delegate of Regional Policy Board for Region 4 (Southeastern United States) with the American Hospital Association, the national organization that represents hospitals and health care networks and serves patients and communities through advocacy and representation. The appointment is effective through 2024. Dana Karzan and Deborah Johnson joined Groundwork Jacksonville’s volunteer board of directors. Karzan is chief marketing officer at VyStar Credit Union. Johnson is a certified public accountant and will chair Groundwork’s finance committee.

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, APRIL 15, 2021

JaxDailyRecord.com

THE MARBUT REPORT

Equal pay a priority for FAWL leader ■ Kenneth Reddick, nonlawyer The panel will review each application and may interview applicants as the panel determines. No later than June 30, the panel must recommend to the district judges the five applicants whom the panel considers best qualified. The district court will select and appoint the new magistrate judge. Visit https://www.flmd. uscourts.gov/announcements/ public-notice-appointmentmagistrate-judge-jacksonville for details about the vacancy. The application deadline is May 14.

MAX MARBUT ASSOCIATE EDITOR

At JWLA’s first in-person meeting of 2021, Kimberly Hosley says not enough women are making partner. The Jacksonville Women Lawyers Association convened its first in-person meeting of 2021 on April 8 at The River Club. It also was the first in-person address during her term for Florida Association for Women Lawyers President Kimberly Hosley, the keynote speaker. A graduate of Stetson University and the Emory University School of Law, Hosley practices real estate law with The Orlando Law Group. She said one of her initiatives leading the state association is to advocate for women lawyers to be compensated equally with their male counterparts in the profession. Hosley said that since 2002, law school graduating classes are virtually half female and half male. With the track to law firm partnership usually less than 10 years, there should be as many women lawyers who are partners as there are men. “That has not been the case so far,” Hosley said. Citing statistics from the American Bar Association, Hosley said women lawyers comprise 47% of associate attorneys, but only 30% of nonequity partners and 20% of equity partners. The inequity is even more pronounced for women of color. They represent 14% of associates, 5% of nonequity partners and 3% of equity partners, Hosley said. When it comes to income, women associates make 94% of what their male counterparts are paid; nonequity partners about 89%; and equity partners, 86%. Hosley said there may be unconscious bias leading law firm decision-makers to regard women as being less dedicated to their jobs because they often have responsibilities at home, such as raising a family. Women also often bill at a lower rate than men, “so their contribution appears lower and there’s less income for the firm with equal hours billed,” Hosley said. She advises women lawyers to make sure they know their value and their worth. “Keep an eye on billable rates as you advance in your firm. It’s better for the firm when women lawyers bring in more money,” Hosley said. FAWL is lobbying The Florida Bar for a permanent seat on its board of governors. Hosley said that campaign began in 1953, when association members started attending the board meetings, even

City seeking an assistant general counsel

Special to the Daily Record

Jacksonville Women Lawyers Association President Cyndy Trimmer, left, and Kimberly Hosley, president of the Florida Association for Women Lawyers, at the Jacksonville group’s April 8 meeting at The River Club.

though uninvited. “In 1961, we were permitted to give a report. In 1982, we were given an ex officio seat, but the percentage of women on the board of governors is still significantly lower than the percentage of women in the profession,” Hosley said. JWLA President Cyndy Trimmer said the association will convene again May 8, when state Supreme Court Justice Jamie Grosshans, the only woman on Florida’s highest court, will be the keynote speaker.

& Ashton. Bell most recently practiced in the Jacksonville office of Quintairos, Prieto, Wood & Boyer.

Panel seated to nominate for federal bench

Chief U.S. District Judge Timothy Corrigan established a merit selection panel to consider applications for the U.S. magistrate judge vacancy in the

Jacksonville Division. U.S. Magistrate Judge James Klindt is retiring effective Oct. 31 after serving on the federal bench since 2007. The panel comprises: ■ Attorney Michael Abel (chair) ■ Attorney Maurice Grant ■ Attorney Joni Poitier ■ Attorney Laura Renstrom ■ Attorney Frank Talbot ■ Mercedes McGowan, nonlawyer

MMARBUT@ JAXDAILYRECORD.COM (904) 356-2466

Judicial Assistant Audrey Ivory retires

Marks Gray adds aviation law team The Marks Gray law firm established a four-member aviation law team and added two business litigators. The firm now comprises 25 attorneys and 57 employees. The aviation law practice is led by partner Edward Booth Jr., with associate attorney Courtney Johnson, paralegal Beth Lewis and legal assistant Tia Pace. The group previously was with Boyd & Jenerette’s Booth Jacksonville office. Booth has practiced law since 1982. A licensed pilot for 43 years, in 1996 he was the first attorney to be board certified in aviation law by The Florida Bar. Booth has served on the Jacksonville Aviation Authority board of directors and is an adjunct professor at Jacksonville University, teaching an aviation law course in the Davis College of Business School of Aviation. Kevin Moore and Andrew Bell joined the firm to practice commercial and insurance defense litigation. Moore most recently practiced at Hardesty, Tyde, Green

The city of Jacksonville Office of General Counsel is accepting applications for an assistant general counsel. The primary purpose of the position is to mentor less experienced attorneys and to provide legal services related to complex cases. Requirements include: ■ Graduation from an accredited law school. ■ Licensed to practice law in Florida. ■ Ten years of progressively responsible experience in the practice of law. ■ Two years of experience at the managerial or supervisory level. Visit www.coj.net/jobs to apply online. The city of Jacksonville is an equal opportunity/equal access employer.

Special to the Daily Record

Judicial Assistant Audrey Ivory and Duval County Judge Kimberly Sadler at Ivory’s retirement celebration March 31 at the Duval County Courthouse.

Audrey Ivory, judicial assistant for Duval County Judge Kimberly Sadler, ended her 35-year career at the Duval County Courthouse. Ivory officially retired March 31, but remained in the office to help train her successor. In 1986, she became Duval County Judge Albert Washington’s judicial assistant after working for him in private practice. After he died in 1998, Ivory worked for Duval County Judge Pauline Drake for 21 years, then for Sadler after Drake retired in 2020. “I always tried to make the legal system easy to understand and be here for people if they need me,” Ivory said. She plans to volunteer in the office at her church, Greater Beulah Missionary Baptist Church. Retirement for Ivory is somewhat bittersweet. “The people I see and work with every day are my family. I’m going to miss my courthouse family,” Ivory said.

JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

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904-725-4355 | 6747 Southpoint Parkway | Jacksonville, FL 32216 |

THURSDAY, APRIL 15, 2021

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JACKSONVILLE DAILY RECORD / JACKSONVILLE RECORD & OBSERVER

THURSDAY, APRIL 15, 2021

Top 10 home sales of week FROM STAFF

Here are the top 10 single-family residential real estate sales in Northeast Florida, comprising Duval and St. Johns counties. The sales were recorded April 5-11.

JaxDailyRecord.com

ST. JOHNS

$2,391,000

$1,975,000

1B 15th St., St. Augustine

8957 Lake Kathryn Drive, Ponte Vedra Beach

Type: Single-family Lot size: 0.18 acres House size: 4,780 square feet Buyer: Cynthia E. and Henry J. Berens Seller: John A. and Benita K. Halbrook and the Benita K. Halbrook Living Trust

Type: Single-family Lot size: 0.69 acres House size: 7,589 square feet Buyer: Charles E. and Ashley C. Baxter Seller: David E. and Gail M. Otero

ST. JOHNS

$2,250,000 100 Harbourmaster Court, Ponte Vedra Beach

ST. JOHNS

$6,995,000 327 Ponte Vedra Blvd., Ponte Vedra Beach Type: Single-family Lot size: 0.35 acres House size: 6,724 square feet Buyer: Robert E. and Andrea M. Kircher Seller: 327 Ponte Vedra LLC Previous sale: $5,975,000 in 2007

About the property: Oceanfront twostory home features six bedrooms, five full baths and one half-bath, sunroom, porches, balcony, deck, pool and dune walkover.

DUVAL

ST. JOHNS

DUVAL

$4,450,000

$2,875,000

$2,775,000

1451 Beach Ave., Atlantic Beach

221 San Juan Drive, Ponte Vedra Beach

13897 Bella Riva Lane, Jacksonville

Type: Single-family Lot size: 0.35 acres House size: 3,290 square feet Buyer: Alison and Brent Trager Seller: Steven and Celia Voorhees Previous sale: $2,500,000 in 2012

Type: Single-family lot Lot size: 0.47 acres Buyer: Baron J. and Irene Carlson Seller: Peter and Catherine Kotchen Previous sale: $1,700,000 in 2019

Type: Single-family Lot size: 1.21 acres House size: 7,101 square feet Buyer: Irving G. and Janet D. Snyder Seller: Elaine D. and Franklin Valinho Previous sale: $2,608,000 in 2018

Type: Single-family Lot size: 0.29 acres House size: 5,926 square feet Buyer: Genell L. Webb and Michael A. Peers Seller: Kaisorn L. Chaichana, Jamie L. Robison and Dora Syin

ST. JOHNS

$1,722,860 265 N. Roscoe Blvd., Ponte Vedra Beach Type: Single-family Lot size: 0.92 acres House size: 4,815 square feet Buyer: William C. and Beaumont S. Palmer Seller: Alan D. and Melinda A. Parrish Previous sale: $1,700,000 in 2006

ST. JOHNS

$2,100,000

$1,700,000

213 Plantation Circle S., Ponte Vedra Beach

510 Rutile Drive, Ponte Vedra Beach

Type: Single-family Lot size: 0.76 acres House size: 6,125 square feet Buyer: The William J. and Katherine A. Hannigan 1996 Trust Seller: Antoinette R. McBride and the Antoinette R. McBride Trust Previous sale: $1,575,000 in 2011

Type: Single-family Lot size: 0.57 acres House size: 2,615 square feet Buyer: Michael and Stephanie Bosi Seller: Therese Maguire, Michael J. McCool and Patricia Greenspon

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RESIDENTIAL REAL ESTATE