Overview
Located in the Deerwood North Class-A office campus in Jacksonville’s Southside, this sublease opportunity presented a high-quality, move-in ready space in a desirable location. The building benefits from strong visibility, amenities, and convenient access to major highways and nearby retail/dining.

The Deal
Represented by Patrick Carney and Sydney Miles on behalf of the landlord, and Pacifico Properties-LLC representing CF Capital, the parties negotiated a 40-month lease at $24.91 per sq ft. The tenant committed to roughly half of the available suite, leaving 7,758 sq ft remaining for sublease.

Results

• The leasing rate reflects competitive pricing in the market for high-quality space in a strong suburban office park.

• By securing a portion of the suite for CF Capital, the landlord secured immediate occupancy and cash-flow, while preserving a sizable remainder of the space for future leasing.

Takeaways

• Sublease or partial-lease strategies can work well in larger suites: the landlord retains flexibility, the tenant secures high-quality space, and market momentum is leveraged.

• Location, quality of space and amenities remain key drivers even in sublease transactions.