Overview
The Concourse III building sits on Belfort Road just south of Butler Boulevard, in the Southpoint area of Jacksonville’s office sub-market. The campus has strong visibility from I-95 and offers Class A finishes, high ceilings, a landscaped courtyard, and a mix of modern office amenities.

The Transaction
Patrick Carney and Sydney Miles, represented the landlord, Jax Concourse Holdings, LLC and worked with JLL, the tenant’s broker, to negotiate a 38-month lease term at an effective rate of $23.06 per square foot. Pape Dawson took occupancy under these terms, securing high-quality space in a suburban location.

Results & Key Takeaways

• A 38-month term strikes a balance between flexibility and commitment for both landlord and tenant.

• The rate of $23.06 per sq ft demonstrates market strength for well-located, amenitized office space in this sub-market.

• For the landlord, this lease contributes occupancy and income, while positioning the building as a competitive option for future tenants.

What this shows
This deal illustrates that even in suburban office parks, location, building quality, and lease-terms remain key drivers. Skilled brokerage representation that aligns landlord and tenant priorities can facilitate efficient transactions that benefit both parties.