US - Jacksonville, FL
JLL has been retained on an exclusive basis to arrange for the sale of the 321-325 West 42nd Street, a collection of 3 contiguous mixed-use properties with a combined 75’ of frontage on West 42nd Street in the Midtown West neighborhood of Manhattan. Combined, the building’s total 27,395 GSF approx. and contain 3 retail units as well as 36 residential units, of which 26 are free market (72%) and 10 are rent stabilized (28%). Of the three retail units, two are currently leased to restaurant tenants and the other is currently vacant. Due to the favorable location immediately adjacent to Times Square and across from the Port Authority, the assets represent an exceptional offering to allow for a value-add repositioning coupled with significant long term development potential.