Harbour Village in Jacksonville, which is anchored by Fresh Market and Stein Mart, has been sold in a $24.85 million deal. A joint venture between MMG Equity Partners and Global Fund Investments sold the 113,000 sqf shopping center located at the intersection of Atlantic Boulevard and San Pablo Road. The partnership took control of the asset by purchasing a non-performing loan secured by Harbour Village from a special servicer in April 2011 for $12.6 million, and later took title to the property through foreclosure. Dennis Carson and Casey Rosen, Senior Vice-Presidents of hCBRE’s National Retail Investment Group Florida team handled the transaction for the joint venture. At the time of the sale the center was 100 percent leased.
