Jacksonville, FL – September 14, 2011 – (RealEstateRama) — Over 69,000 square feet of Class A space is newly available to the Jacksonville/St. Augustine area. Named for the sole tenant, Tree of Life, the building is being reintroduced as Golfway Place. The former tenant, who occupied the space as a headquarters location for their specialty foods distribution business, will be vacating the building in December as a result of an acquisition. CB Richard Ellis (CBRE) is the exclusive listing advisor for the newly renamed Golfway Place.
“Tree of Life grew their operations at the building starting in 2002 and experienced continued growth with an acquisition by Chicago-based Kehe,” said Traci Jenks, Senior Associate with CBRE. “It is an excellent location for a headquarters location or other professional services office. The building has beautiful curb appeal and is positioned right off I-95,” said Jenks. “Among other strengths are the above-market parking ratio (7 per 1,000), an exquisite lobby, Class A finishes throughout, and the backing of strong ownership.”
The ownership, Vorbeck Equities acquired the property at 405 Golfway West Drive in 2002. Vorbeck Equities also owns the Mactec building in Jacksonville and has other real estate holdings in Sarasota, FL.
To introduce the property to the brokerage community, CBRE arranged a golf outing at The King and the Bear golf course for 16 of Jacksonville and St. Augustine’s top office brokers.
Kaycee Gardner, Vice President with Jones Lang LaSalle said, “The golf outing was a real treat, and I really enjoyed touring a building of this size that is newly available to the market. Golfway Place is a very attractive option for users looking for larger blocks of space with high parking ratios. It is one of the nicer Class A buildings on the market at this time.”
Golfway Place comprises three floors with an average floor size of 23,000 square foot. The building was developed in 2001 by St. Joe Company.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
Lauren Crawford
813.273.8482
lauren.crawford (at) cbre (dot) com
