Newspaper article The Florida Times Union

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Newspaper article The Florida Times Union

NewsBites

Article excerpt

REAL ESTATE INVESTMENT TRUST BUYS SOUTHPOINT OFFICE

Inland Real Estate Corp., a real estate investment trust based in Oak Brook, Ill., bought a Southpoint office for $10.2 million from Citizens Property Insurance Corp. of Tallahassee.

Karl Johnston of Cushman & Wakefield's Capital Markets Group and Chuck White of Commercial Jacksonville Inc. represented the seller.

The office sold for $170 per square foot, a significant rate for such property. Citizens plans to lease the entire building from Inland for at least the next 10 years.

The office, built this year by Hallmark Partners, is Inland's first purchase in Jacksonville, Johnston said.

Alison Trinidad/The Times-Union

YMCA WELLNESS CENTER PLANNED NEAR COUNTY LINE

The YMCA of Florida's First Coast has leased 20,892 square feet in Flagler Center, an office park near the Duval-St. Johns county line.

In December, the YMCA plans to open a 11,231-square-foot wellness center with a family fitness room, KidZone area, aerobics programs and locker rooms. The remaining space will be used as offices for the YMCA.

Flagler Center, 12735 Gran Bay Parkway, is a 1,022-acre park built by Flagler Development Co.

Alison Trinidad/The Times-Union

KEVA JUICE STORE OPENS IN TINSELTOWN

Franchisees Jon and Kara Heldenbrand have opened Jacksonville's first Keva Juice store just north of the Cinemark Tinseltown theater.

The smoothie shop, which offers 35 different drinks using real fruit, is open from 7 a.m. to 10 p.m. daily.

For more information, visit www.kevajuice.com or call (904) 645-7054.

Alison Trinidad/The Times-Union

RETAIL STORE SALES DIP AS GAS PRICES RISE

For the fourth consecutive week, retail chain stores reported slipping sales as consumers cut back spending to offset rising gasoline prices. …

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