The North Florida office of commercial real estate firm Franklin Street has been retained as the exclusive leasing broker for Jacksonville’s River City Marketplace.
Ramco-Gershenson Properties Trust developed and owns the more than 900,000-square-foot retail and entertainment center located on Jacksonville’s Northside. The center is anchored by Regal Cinemas, Lowe’s, Walmart Supercenter, Ross Dress for Less, Michaels, Bed Bath & Beyond and Best Buy.
It is the second largest shopping center on the First Coast as measured by leased area, according to Franklin Street.
“We are proud to be a part of River City Marketplace and providing a shopping destination for the growing Northside as well as residents of Yulee and greater Nassau County and beyond,” Whitney Kantor, the director of retail leasing at Franklin Street, said in a news release. “Ramco-Gershenson has designed an excellent center where shoppers enjoy large and small national retailers and restaurants as well as complementary discounters and successful local shops.”
Kantor and Franklin Street Managing Director Carrie Smith will be the leasing brokers at the property.
JJ Bujalski, RGPT’s regional leasing manager, called the River City Marketplace a legacy asset with the company looking to build on the success of the past.
“We are proud to have Franklin Street and the North Florida team as our local representative in Jacksonville,” Bujalski said in a statement. “This will further enhance the merchandising mix, value, convenience, and experience that already exists at River City Marketplace.”
The River City Marketplace opened in 2006 with its main anchor tenants in place, but has expanded with more retail space along the eastern entrance to the mall. In 2014, RGPT completed development of the Parkway Shops across from the main center on Airport Center Drive. That area is home to Dick’s Sporting Goods, Hobby Lobby, Ulta and Marshalls.
Franklin Street and RGPT are marketing available expansion parcels located at Interstate 95 in front of the Regal Cinemas in addition to small-shop space throughout the project.
“We think there is a huge opportunity for local retailers to be successful in River City Marketplace and capture a whole new set of customers on the Northside,” Kantor said.
There are several locally-owned shops already in the center, Kantor said, pointing to Barnett Jewelers and Peterbrooke Chocolatier.