By Roger Bull via The Florida Times-Union
The University Center shopping center, which survived the departure of both Publix and Stein Mart, has been sold for $15,750,000.
Ram Realty Services of Palm Beach Gardens bought the center at 3600 University Blvd. W. for $5.6 million in 2007. But since then, it lost both its anchors.
Publix moved to a new, much larger building across the street at University Boulevard and St. Augustine Road. Then Stein Mart moved a mile west to the Lakewood Shopping center.
But L.A. Fitness moved into the Publix space in 2013 after a complete $2 million rebuild. TJ Maxx and Bealls Outlet opened this year, each taking about half the space that Stein Mart had occupied.
With Dollar Tree, CVS and a McDonald’s, the 102,798-squafe-foot center is now 100 percent occupied.
Jacksonville Retail Center DST, a Delaware statutory trust affiliated with The Inland Real Estate Group of Companies of Oakbrook, Ill., bought the center.