Commercial Real Estate, Capital, Insurance, Leasing & Management

Jacksonville Business Journal: Corner Lot’s newest commercial project hits 100% occupancy

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Four leases recently secured for a speculative retail property being constructed off St. Johns Parkway has brought the property up to full occupancy just prior to its completion.  

Corner Lot Development Group’s Parkway Place at Durbin, a 6,480-square-foot multi-tenant development has reached 100% occupancy after Franklin Street’s Carrie Smith and Ricky Ostrofsky secured leases with Pearle Vision, DEP Nails & Spa, Jeremiah’s Italian Ice and Sadhana Eyebrow Threading. 

“With its frontage along St. Johns Parkway and Racetrack Road, this site was prime for retail development,” Ostrofsky said in a press release. “We are pleased to have worked with Corner Lot to get this property fully leased right on time with its scheduled delivery.”

Jeremiah’s and Sadhana will occupy 1,200 square feet each, while Pearle Vision will occupy 2,280 square feet, and DEP Nails & Spa will occupy 1,800 square feet. 

Located at 1195 St. Johns Parkway, the development is adjacent to Goodwill and Circle K – two recently completed properties also developed by Corner Lot.  

Parkway Place at Durbin is slated to be completed and delivered by the end of the first quarter of this year, according to the release. 

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