Cleeman Realty Group is pleased to announce the sale of a Rowe’s IGA grocery property located at 5435 Blanding Boulevard in Jacksonville, FL. The 63,950-square-foot property is situated on approximately 4.56 acres along Blanding Boulevard, a primary retail corridor serving the Jacksonville market. The asset sold for $9,700,000.
Sam Seelenfreund and Morris Ades of Cleeman Realty Group represented both the purchaser and seller in this transaction. The buyer was attracted to the property’s established grocery tenancy, prominent corridor frontage, and strong underlying real estate fundamentals within a densely populated trade area.
“This transaction further demonstrates the continued demand for well-located, necessity-based grocery assets in high-growth Florida markets,” said Seelenfreund, SVP at Cleeman Realty Group. “Investors remain focused on durable retail properties that generate consistent traffic and long-term income stability.”
Cleeman Realty Group continues to be a leader in advising and facilitating transactions for grocery-anchored and net-leased retail properties nationwide.
For more information about Cleeman Realty Group and its services, please visit www.cleeman.com
About Cleeman Realty Group: Cleeman Realty Group specializes in the sale of retail and net-leased properties across the United States, providing strategic advisory services to investors, developers, and property owners. With a proven track record of success, the firm remains dedicated to delivering superior market insight and transaction expertise.