MountainStar Capital Building Achieves 100% Occupancy
NAI Hallmark, a leading commercial real estate brokerage and property management firm in Jacksonville, has announced that The MountainStar Capital Building, 5000 Sawgrass Village Circle in Ponte Vedra Beach, is now 100% leased.
NAI Hallmark’s Vice President Patrick Carney and Principal Patrick Thornton have finalized five separate lease transactions totaling more than 12,000 square feet of previously vacant space on behalf of Ponte Vedra Management Group, Ltd.
MountainStar Capital is a 33,292-square-foot Class A suburban office building located in Sawgrass Village in Ponte Vedra Beach. The fully renovated, first-class office building is known for its desirable location to impress within a mile of five golf courses, including TPC Sawgrass, Ponte Vedra Inn & Club, Marsh Landing Country Club, Sawgrass Country Club and The Plantation at Ponte Vedra Beach.
Ponte Vedra Management Group, Ltd., which purchased the property in 1999, has invested in property improvements and upgrades, including remodeling of the lobby, all hallways including updated lighting, and all common area restrooms. Ownership has also spent significant capital modernizing and reconfiguring each of its vacant spaces to appeal to changing tenant requirements and efficiencies.
“I am very proud of the success achieved on behalf of ownership,” said Carney. “I advise my clients who want to attract new tenants and retain existing tenants, to continually invest and reinvest in their assets to remain current and competitive, especially considering the ever-changing effects the pandemic has on the office environment. The beaches office market has also always been an attractive business location within the greater Jacksonville MSA for those who do not need a central business district presence and want to be a part of the beaches community.”
For more information about MountainStar Capital or office space for lease throughout Northeast Florida, contact Carney at email@example.com.