Cleeman Realty Group brokers off-market sale of 58,008 s/f Rowe’s IGA in Jacksonville for $7.3 million

Jacksonville, FL Cleeman Realty Group negotiated the sale of a Rowe’s IGA grocery property located at 9866 Old Baymeadows Rd. The 58,008 s/f property is situated on 5.73 acres within the established Baymeadows retail corridor. The asset sold for $7.3 million.

Sam Seelenfreund and Morris Ades of Cleeman Realty Group represented both the purchaser and seller. The buyer was attracted to the property’s strong infill location, established grocery tenancy, and long-term fundamentals within one of the city’s primary retail corridors.

“This transaction highlights the continued demand for well-located, necessity-based retail assets in strong Florida markets,” said Seelenfreund, SVP at Cleeman Realty Group. “Investors remain focused on grocery properties that offer durable traffic drivers and stable long-term income.”