U.S. CORE Investment closes $23.3 mln purchase of Florida retail center

CORE Investment Management, a U.S. asset management and financial planning firm, has completed the acquisition of The Shoppes at Southside, a fully leased retail center in Jacksonville, Florida, for $23.3 million.

The 112,613-square-foot Shoppes at Southside spans across nearly 13 acres at 9930-9990 Southside Blvd., near Interstate 95, State Road 1 and Southside Boulevard.

The asset, consisting of a main building, a strip building and three separate parcels, is roughly 14 miles southeast from downtown Jacksonville, adjacent to both the 1.1 million-square-foot Avenues Mall and the 90-acre Gramercy Woods office park.

CORE Investment Management, via its CORE Investment Properties Fund, acquired the property from Brixmor Property Group, which was represented by commercial real estate services firm JLL in the deal.