A Pennsylvania company has bought a Jacksonville shopping center for $8 million, according to CoStar Group.
Goodman Properties bought the Best Buy Shopping Center at 8151 Blanding Blvd. from ARC Properties Inc. The 94,164-square-foot center has several other large tenants, including George’s Music and Ashley Furniture.
Best Buy’s lease is through 2019, according to CoStar, with one five-year renewal option.
Goodman owns 125 commercial properties throughout the country, including the CVS Caremark Corp. store (NYSE: CVS) at the St. Johns Town Center.
Read more: Best Buy Jacksonville Shopping Center sells for $8M | Jacksonville Business Journal