TIC investors sink money into Florida

Avenues North Center purchased

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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. ...