Triforce Development and Franklin Street’s North Florida office, its leasing agent, has secured three tenants for Tinseltown Plaza, a new outparcel development at the Tinseltown Movie Theatre complex. The outparcel is located in front of the Cinemark Tinseltown Movie Theater at 4700 Southside Blvd. at Gate Parkway. When built it will include 14,000 square feet of newly-constructed shopping space which is planned for a variety of restaurant, retail, and service-oriented tenants. Triforce Development, owned by brothers Paul and Louis Sleiman, is the owner and developer of the project.
The three tenants secured for the new center so far include Noire The Nail Bar, Kazu Sushi Burrito and Soupa Saiyan. Noire The Nail Bar, a luxury nail salon concept with locations across the Southeast, enters the Jacksonville market with this location. Kazu Sushi Burrito is a Hawaiian/Japanese sushi concept and the Tinseltown location will be its seventh in Jacksonville. Soupa Saiyan is a Dragon Ball Z-themed noodle bowl concept created by the Bento Group of Orlando. Bento has two café locations in the market and has recently announced a sister concept, Dumo, for neighboring St. Johns Town Center.
Each of the new retailers will occupy 2,000-square-foot units at the center. An additional 8,000 square feet of shop space is still available to be configured for up to five additional tenants or a single lease to a retailer or restaurant with a larger space need. Construction start is planned for fall with completion expected in the first quarter 2019.
“Franklin Street is honored to be working with the Triforce Development team on this new retail center,” said Ricky Ostrofsky, retail leasing associate and broker for the Tinseltown outparcel. “Demand for development in this area is very strong and there are a variety of factors that limit new supply to the area, one of many dynamics that are contributing to this project’s fast lease-up. We expect the center to provide new and desired services and entertainment to Tinseltown’s visitors, residents and shoppers.”
Ostrofsky and Franklin Street Managing Director Carrie Smith, whose team represents retail tenants and landlords, started marketing the new development in the second quarter of this year.
Cinemark Tinseltown is one of the top performing movie theatres in Northeast Florida and the Tinseltown retail area is one of Jacksonville’s highest performing retail areas. It boasts more than 114,000 vehicles per day, 580 hotel rooms in five nearby hotels, a combined 2,075 multifamily units within a one-mile radius, and proximity to more than 3 million square feet of Class A office space including major operations of Merrill Lynch, Florida Blue and Fidelity Investments, which have nearly 10,000 area employees.
Triforce Development is a full-service commercial real estate investment and management firm headquartered in Jacksonville, FL with a portfolio of development projects and investment properties owned and managed throughout the Southeastern United States. Triforce Development and its affiliated companies engage in the acquisition, disposition, financing, development, redevelopment, leasing, construction, investment and management of commercial real estate assets.
About Franklin Street: Celebrating more than 10 years in the business, Franklin Street is a family of full-service commercial real estate companies focused on delivering value-add solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Real Estate, Capital, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.
