TIC investors sink money into Florida

Spectrus Real Estate Group on Wednesday announced it brokered the sale of Avenues North Center in Jacksonville, Fla., to 30 tenant-in-common owners.

Neither the value of the transaction nor the seller's identity was disclosed.

Avenues North Center is a 98,749-square-foot, multitenant shopping plaza comprised of a single story. Built in 2004-2005, the property was 89 percent leased at the time of sale to eight tenants including Basset Furniture, Sofa Express, and Leather Avenue and Home Theatre.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.