Blog

February 28, 2017

How to Choose the Best Commercial Real Estate Firm

How to Choose the Best Commercial Real Estate Firm

What to look for when choosing a commercial real estate firm to represent you.
January 30, 2017

Wall Street is Hiring in Florida

Wall Street is Hiring in Florida

Click Here to Read More
December 23, 2016

How to market your commercial real estate for lease

How to market your commercial real estate for lease

Top Five Tips To Leasing Your Commercial Property


November 02, 2016

Why Are Investors Buying Commercial Real Estate in Northeast Florida?


October 20, 2016

5 Reasons Why A Tenant Needs Professional Representation

5 Reasons Why A Tenant Needs Professional Representation

Hiring a Tenant Representation Broker makes a world of difference when leasing an office. You need someone to guide you through the detailed process from A-Z and help you assemble a team of experts who will fulfill specific needs. Hiring a professional should be the easiest choice you face throughout the whole process.


September 30, 2016

Prime Realty’s Eric Bumgarner and Joseph M. Turri Close on 53,000 SF Warehouse

Prime Realty’s Eric Bumgarner and Joseph M. Turri Close on 53,000 SF Warehouse

A company that recycles used electronics will be creating 30 jobs over the next two years in Northwest Jacksonville after buying a 53,000-square-foot warehouse in Northwest Jacksonville at 3722 Bright Ave.
The company, E-Tech Management USA Inc, collects precious metals from used electronics and then ships them around the world, said Prime Realty broker Eric Bumgarner, who brokered the transaction between E-Tech Management and seller Antonio Estevez.

Bumgarner said the property was in complete disarray in 2014 when Estevez bought it for $150,000.
“The roof was shot, electric was ripped out, office was shot, plumbing had to be replaced and it was spray painted all over the place,” he said. “It was in about the worse condition possible.”
However, the property was still functional and Estevez used it for the past two years to run a business that refurbished printers to sell to overseas clients.
Bumgarner said that in January 2015 when he first took the assignment, Jacksonville’s industrial market was a little soft and “nothing like it is now.”
“I’d say the industrial market really started heating within the last 12 months, and once that happened we started getting a lot more interest in the property,” he said.
Benny Yeung, the owner of E-Tech Management USA, reached out to Bumgarner about another property, but the Prime Realty broker realized that Yeung’s business would work well in the Northwest warehouse. Eventually, buyer and seller agreed to a purchase price of $730,000.

Bumgarner said that Yeung, who wasn’t immediately available for comment, still got a good deal on the property as the sales price of $14 per square foot is still below what similar buildings offering the same functionality.
This building offers dock high access, outside storage, a rail spur and a 20-foot clear height. Bumgarner said buildings with similar functionality routinely are sold in the $25 per square foot range.
Also, Jacksonville wasn’t the only place that Yeung looked before deciding on 3722 Bright Ave. to buy. Yeung also looked in Savannah, but couldn’t find any property at a comparable price. Bumgarner said that some similar sized warehouses in that port city are being marketed at much higher prices.
Also, Jacksonville provided other strategic advantages, he said.
• Available workforce
• Jax Port
• Cost of living
• Quality of life
• Cost of real estate
• Strategically located to reach a large portion of the US population by truck in a short amount of time

After about a month of him examining the Savannah market he made his mind up on Jacksonville, Bumgarner said.

Derek Gilliam
Reporter - Jacksonville Business Journal


August 29, 2016

4 Ways To Sell Your Commercial Real Estate


May 17, 2016

Third Annual TPC Reception.  “Team Prime and their invited guests enjoyed a beautiful day at TPC.”

“Team Prime and their invited guests enjoyed a beautiful day at The Players Championship in Ponte Vedra Beach. Fun was had by all.”


May 02, 2016

Prime Realty’s very own, Tyler Saldutti makes Jacksonville’s top 40 young upcoming leaders list!

Every year, the Jacksonville Business Journal honors 40 of the city’s up-and-coming leaders under the age of 40. This class of honorees is diverse, with individuals hailing from companies from Holland & Knight to Mayo Clinic to CSX. Prime Realty’s CEO Tyler Saldutti is honored to be added to this years list!


April 22, 2016

2016 New Year’s Resolutions

Our new year’s resolutions for Jacksonville, FL in 2016.


April 13, 2016

Jacksonville Sees a 31% Increase in Construction of Large Apartment Developments in 2015

Jacksonville Sees a 31% Increase in Construction of Large Apartment Developments in 2015

Developers are going all out, offering potential residents more than just a rental apartment, but a full living experience!


April 05, 2016

Lack of large blocks of office space a problem in Jacksonville

Lack of large blocks of office space a problem in Jacksonville

New construction has not followed the decrease in vacancy leading to a supply problem that could hurt the city attracting companies that would need a large block of space.


March 18, 2016

Prime Helps Worldwide IT move headquarters Downtown


January 15, 2016

The Elks Building in Downtown sells for $4.5 million to California buyer

The Elks Building in Downtown sells for .5 million to California buyer

The Elks Building in Downtown Jacksonville sold for $4.5 million on Friday to a California buyer, according to the broker representing the seller.

Matthew Clark, vice president with Prime Realty Services, said Randy Dieu bought the property that is about 92 percent leased. There’s about 2,200 square feet of space available for lease in the building, he said. The price per square foot was $158.43.The about 28,400 square-foot building located at 201 N. Laura St. wasn’t always an easy spot to lease, Clark said.


January 11, 2016

Beach Boulevard business center in Jacksonville sold for $4.7 million

A Beach Boulevard business center sold for $4.7 million Monday, according to the broker who put the deal together.

Tyler Saldutti, CEO and founder of Prime Realty, said the Millennium Business Center, 11744 Beach Blvd, is 100 percent leased. The Beach Center llc. sold the property to Millennium Business Center llc.


October 28, 2015

Six Ways to Reduce Risk and Insurance Claims at a Shopping Center

Six Ways to Reduce Risk and Insurance Claims at a Shopping Center

Listed are six suggestions on how a property owner can be proactive regarding insurance claims.


October 16, 2015

Analysts See Multifamily Market Remaining Strong for Several More Years

Freddie Mac: Increase in Multifamily Demand More than a Temporary Correction Stemming from Great Recession
By Mark Heschmeyer


September 22, 2015

Big changes coming to Downtown architectural centerpiece,

Big changes coming to Downtown architectural centerpiece,

Matthew Clark lives and works Downtown and wouldn’t have it any other way.


September 21, 2015

Top Golf Coming to the Jacksonville Area

Top Golf Coming to the Jacksonville Area

Topgolf has closed on a 15-acre parcel of land near the St. Johns Town Center for its Jacksonville facility.


September 17, 2015

Prime Realty continues to attract Chinese investors to Jacksonville during Golden Week

Prime Realty continues to attract Chinese investors to Jacksonville during Golden Week


September 15, 2015

Bark - Opening Boutique at the Elks Building

Bark - Opening Boutique at the Elks Building

“I knew that’s what I wanted,” Yocum said of her Downtown move. “I’ve always wanted to be in areas that needed a little growth.”


September 10, 2015

Jacksonville, FL: A Few of the Reasons We Love Our City.

What is Great About Jax?! We have comprised a few recent articles about our city and all it has to offer.


August 11, 2015

Team Prime hangs out with Daniel Kids

Team Prime hangs out with Daniel Kids

Once we started learning more about Daniel Kids, their history within Jacksonville and how many lives are positively touched through their many programs, we had to get involved.


August 06, 2015

Neil Hemenway Negotiates the Purchase of a Single Tenant Investment Property

Neil Hemenway Negotiates the Purchase of a Single Tenant Investment Property

2597 Oak St, a 4,810 SF retail property located in the riverside neighborhood of Jacksonville.


August 04, 2015

Prime Realty Negotiates Off-Market Sale

Prime Realty Negotiates Off-Market Sale

For Immediate Release: Prime Realty negotiates off-market sale of 2155 Corporate Sq Blvd, Jacksonville, FL


August 03, 2015

Jacksonville Distribution Center Sold for Record-Setting $90 Million

Jacksonville Distribution Center Sold for Record-Setting  Million

Jacksonville distribution center sold for record-setting $90 million. Written by: Jacksonville Business Journal


July 23, 2015

HEW - Before & After

HEW - Before & After

Hard Exercise Works located on University Blvd, opened in May 2015 and this is their build out “before & after” story.


July 21, 2015

Austin Kay Negotiates the Sale of 1101 N Main St.

Austin Kay Negotiates the Sale of 1101 N Main St.

Austin Kay Negotiates the Sale of 1101 N Main St. to Alyssa Key founder of fashion line, Love Brigade.


July 21, 2015

Hillary Clinton to Propose Increasing Capital Gains Taxes.

Hillary Clinton to Propose Increasing Capital Gains Taxes.

Hillary Rodham Clinton plans later this week to propose raising capital gains taxes for some investors, pivoting from a 2008 pledge not to increase the rate beyond 20 percent. - Written by: US News LISA LERER


July 21, 2015

Becoming a Master Networker

Article Written By: Jacksonville Business Journal
Mastering the art of networking.


June 30, 2015

Chuck White & Efrain De Leon Negotiate Sale of Office Building

Chuck White & Efrain De Leon Negotiate Sale of Office Building

Chuck White and Efrain De Leon negotiate the sale of 5711 Richard St.


June 30, 2015

Tyler Saldutti Makes Power Sale

Tyler Saldutti Makes Power Sale

Tyler Saldutti Negotiates Power Sale in Fernandina Beach, FL


June 24, 2015

Prime Realty Continues to Grow and Expand.

Prime Retail and Prime Industrial just got a little bit bigger as we welcome Justin O’Brien and Eric Yi.


June 24, 2015

Responding to Criticisms, Outside Economist says Jaxport is ‘Relevant’

Responding to Criticisms, Outside Economist says Jaxport is ‘Relevant’

The port of Jacksonville is relevant, although it may not be for the reasons you’d think.


June 15, 2015

Kane Capital Purchases 5th Florida Industrial Park

Kane Capital Purchases 5th Florida Industrial Park

Colorado investors recently bought an industrial park in northeast Ocala and have big plans for it, according to the Realtor working with the group.


June 09, 2015

Times Are Changing in Lacrosse and CRE

Prime Realty sees the same values of focus, hard work, diversity, finishing, disciplined planning and experienced matched with talent disrupting college lacrosse the way Prime is changing the CRE industry.


May 29, 2015

Executive Magazine Ranks Florida #2 Best State For Business

Executive Magazine Ranks Florida #2 Best State For Business

Florida is on an upward trend with industrial development — like GE’s opening of a manufacturing plant within Jacksonville’s Cecil Center, which will bring 500 new jobs — helping to diversify Florida’s economy


May 28, 2015

Local Artist Makes One of a Kind Art for Prime Realty Office

Local Artist Makes One of a Kind Art for Prime Realty Office

Prime Realty has commissioned local artist Todd Rykaczewski to make 4 one of a kind paintings for our office.


May 20, 2015

Prime Celebrates a Great Start to 2015

The Prime Realty Team Celebrates a Great Start to 2015 at The Players


April 29, 2015

Volkswagen Makes Jaxport its Southeast Distribution Center.

There are 1,000 new Volkswagen vehicles sitting at the Port of Jacksonville, by next Wednesday, 5,000 new VWs will have made their way to Jacksonville.


April 24, 2015

Hemming Park one of six to be awarded $100,000 grant

Hemming Park one of six to be awarded 0,000 grant

Friends of Hemming Park has a little more funding to work with thanks to a grant given by a major airline.
Hemming Park was one of six organizations selected to receive a $100,000 grant from Southwest Airlines’ Heart of the Community program, which gives public spaces the ability to “reimagine and activate” their area.


April 23, 2015

NAIOP: Industrial Players Gear Up for Another Great Year

NAIOP: Industrial Players Gear Up for Another Great Year

Industrial players are in the midst of experiencing another phenomenal year, thanks to strong market and economic fundamentals


April 15, 2015

Prime Realty Sponsored ICSC Next Gen Social- One Spark

Prime Realty Sponsored ICSC Next Gen Social- One Spark

Prime Realty and our team attended the festival and were proud to sponsor the ICSC Ignite Downtown event during the 2015 One Spark crowd funding festival.


April 06, 2015

Professional Soccer is a Hit in Jacksonville

Professional Soccer is a Hit in Jacksonville

The Jacksonville Armada FC is welcomed with huge support from fans.


April 01, 2015

Prime Realty and Brokers Recognized by CoStar 2014 Power Broker List

Congratulations to Matthew Clark, Eric Bumgarner and Team Prime!


March 20, 2015

Town Center to celebrate ten year anniversary

St. Johns Town Center to celebrate ten year anniversary.

What a difference 10 years makes.


March 19, 2015

Square Feet: Eric Bumgarner of Prime Realty Delivers for Kane Capital

Square Feet: Eric Bumgarner of Prime Realty Delivers for Kane Capital

Jacksonville’s Commercial Real Estate News Source on Kane Capital and Eric Bumgarner


March 18, 2015

Prime Realty’s #makeJAXhappen Property Tour 2015

Prime Realty’s #makeJAXhappen Property Tour 2015

#makeJAXhappen Prime Realty Launches Marketing Campaign Promoting Northeast Florida.


March 09, 2015

Prime Realty’s CEO sponsors and judges Jacksonville’s Shark Tank style contest, Dolphin Pitch!

Prime Realty’s CEO sponsors and judges Jacksonville’s Shark Tank style contest, Dolphin Pitch!

Prime Realty is proud to be a founding sponsor for this great event, now in its second year. “We feel it is important to promote entrepreneurship as a viable career path in our community”, says Tyler Saldutti, CEO of Prime Realty. “Entrepreneurs can help shape our economy and create jobs in Northeast Florida.”


March 09, 2015

Prime Realty’s Austin Kay Negotiates the Sale of a Retail Suite

Prime Realty’s Austin Kay Negotiates the Sale of a Retail Suite

Prime Realty, one of Jacksonville’s leading commercial real estate brokerage firms, announced today that it assisted in the sale of a commercial retail space at 3546 St Johns Bluff Rd. #118 Jacksonville, FL.


March 09, 2015

Neil Hemenway Negotiates the Sale of a Jacksonville Office Condo.

Neil Hemenway Negotiates the Sale of a Jacksonville Office Condo.

Prime Realty, one of Jacksonville’s leading commercial real estate brokerage firms, announced today that it assisted in the sale of a commercial office condo located at 7807 Baymeadows Rd. Suite 202 Jacksonville, FL.


February 24, 2015

Industrial Vice President Eric Bumgarner Lists Body Central Facility

Industrial Vice President Eric Bumgarner Lists Body Central Facility

The former headquarters and distribution center for Body Central Corp. went up for sale today with a list price of nearly $5 million.


February 20, 2015

Prime Realty Expands Its Retail & Office Brokerage Teams.

Prime Realty, one of Jacksonville’s leading commercial real estate brokerage firms, announced today that they have added to their successful brokerage team with the addition of Austin Kay and Efrain De Leon.


February 09, 2015

Veteran Broker Chuck White Joins Prime Realty

Veteran Broker Chuck White Joins Prime Realty

When real estate veteran Chuck White decided to get back into the business, he didn’t have much trouble finding a job — or, rather, selecting from the handful of offers that showed up at his feet.


February 04, 2015

Jacksonville Rises on The Best Performing Cities List

Jacksonville Rises on The Best Performing Cities List

Jacksonville has seen a rise in several key areas of its market over the past 12 months, according to an economic growth study.


January 14, 2015

Meet Prime Realty’s Vice President of Office Brokerage

Meet Prime Realty’s Vice President of Office Brokerage

Chuck White leads our Office Brokerage service. During his 23 years brokering in Jacksonville, Chuck has personally completed some of the market’s largest tenant representation and investment/ development transactions. He works with clients and companies of all shapes and sizes, no matter the amount of the transaction. Chuck feels all clients should receive the same amount of diligence and exemplary service.


January 12, 2015

Prime Realty Assists Cardinal Casket in Lease Negotiation for Expansion to Jacksonville FL

Prime Realty Assists Cardinal Casket in Lease Negotiation for Expansion to Jacksonville FL

Prime Realty, one of Jacksonville’s leading commercial real estate brokerage firms, announced today that it has leased 5,000 SF of space at 6731 Stuart Ave, Jacksonville FL to Cardinal Casket Company.


January 09, 2015

Industrial Brokerage Power Team Have a Busy 2014 Q4

Industrial Brokerage Power Team Have a Busy 2014 Q4

Eric Bumgarner and Joseph M. Turri have a strong Q4 2014


January 06, 2015

Prime Realty Associates Attend Day of Service during Holiday Season

Prime Realty Associates Attend Day of Service during Holiday Season

Prime Realty’s team volunteered their time at City Rescue Mission in December 2014


December 31, 2014

Joseph M Turri Brings Italian Motorcycle Builder Favre Motorcyles to Plaza 295

Joseph M Turri Brings Italian Motorcycle Builder Favre Motorcyles to Plaza 295

Favre Motorcycles is Opening Their First American Facility at Plaza 295.


December 22, 2014

Matthew Clark helps PCR Agency move to The Black Sheep Building

Matthew Clark helps PCR Agency move to The Black Sheep Building

PCR Agency has expanded its office and moved to 1534 Oak St. Jacksonville FL


December 17, 2014

Tampa FL Multi-Family Conference

Tampa FL Multi-Family Conference

Our multi-family team Neil Hemenway and John Rutherford attend a Tampa Florida commercial real estate conference.


December 15, 2014

Neil Hemenway and John Rutherford Facilitate Off Market Apartment Sale

Neil Hemenway and John Rutherford Facilitate Off Market Apartment Sale

Prime Realty’s Neil Hemenway and John Rutherford Represent Local Apartment Owner for Sale to Private Canadian Investor.


October 29, 2014

Prime Realty Represents Jacksonville Florida at Trade Summits

Prime Realty Represents Jacksonville Florida at Trade Summits

Prime Realty expands its presence in October 2014 attending both the FCMA Summit at Amelia Island and the Florida Multi Family Summit in Miami. Our team had the opportunity to learn from multiple keynote speakers, meet new professionals, and bring awareness to Jacksonville investment opportunities.


October 21, 2014

Neil Hemenway Negotiates the Purchase of Regency Park

Neil Hemenway Negotiates the Purchase of Regency Park

Prime Realty is pleased to have negotiated the purchase of the bank owned Regency Park, a mobile home park located in the Southside submarket of Jacksonville FL. Neil Hemenway, Vice President of Multi-Family Brokerage Services, represented a local investor through the transaction.


October 17, 2014

New Brokerage Service Offered at Prime Realty!

New Brokerage Service Offered at Prime Realty!

Prime Realty is now offering Student Housing brokerage services with the addition of John Rutherford to the team.


October 01, 2014

Cathedral Arts Project signs with Matthew Clark to move Downtown

Cathedral Arts Project signs with Matthew Clark to move Downtown

CATHEDRAL ARTS PROJECT MOVES TO THE ELKS BUILDING
Prime Realty is pleased to announce Cathedral Arts Project has moved to the third floor of The Elks Building downtown at 201 N Laura St Jacksonville FL.


September 25, 2014

Retail Update: Matthew Clark Summer 2014

Retail Update: Matthew Clark Summer 2014

Matthew Clark, Vice President of Retail Brokerage at Prime Realty has closed 46,284 SF in retail transactions across Florida and Georgia. Prime Realty is proud to announce that Ship 2 Shore, The Happy Grilled Cheese, Ale Wife, New Leaf and Dollar Tree have opened business locations with Matthew. It has been a great year so far and we look forward to finishing the year just as strong.


September 22, 2014

Industrial Update: Eric Bumgarners Summer 2014

Industrial Update: Eric Bumgarners Summer 2014

Summer was a good season for Eric Bumgarner, Prime Realty, and Industrial Properties.  With seventeen closed transactions so far this summer and activity picking up over the last two years, Prime Realty is anticipating a surge of industrial property sales and leases in Q4 2014 and Q1 2015.


September 17, 2014

Matthews Design Group Expands at 7 Waldo Street and Building Goes Up For Sale

Matthews Design Group Expands at 7 Waldo Street and Building Goes Up For Sale

Engineering firm Matthews Design Group has expanded its office area at 7 Waldo Street in St. Augustine FL. They are opening their doors to a larger office space taking the top floor of the two story office building.


September 04, 2014

GU ALLSTARS has Signed with Eric Bumgarner of Prime Realty for a New Location at Plaza 295

GU ALLSTARS has Signed with Eric Bumgarner of Prime Realty for a New Location at Plaza 295

FOR IMMEDIATE RELEASE
GU ALLSTARS IS PRIME REALTY’S NEWEST TENANT AT PLAZA 295


August 27, 2014

Joseph M. Turri Completes Lease with Therapeutic BD Services at Colonial Plaza

Joseph M. Turri Completes Lease with Therapeutic BD Services at Colonial Plaza

Exclusive: New Medical Clinic, Therapeutic BD Services, is Leasing its First Office on Phillips Highway in Colonial Plaza.


August 01, 2014

Jacksonville tops the list of 2014 best cities to start a business

Jacksonville tops the list of 2014 best cities to start a business

Jacksonville is #1 city to start a business…


July 18, 2014

Ian Brown sells Candlewood Suites for $5 million

Ian Brown sells Candlewood Suites for  million


June 10, 2014

Matthew Clark leases 5 Points location to Happy Grill Cheese


June 09, 2014

Saldutti sells 22,000 sf office condo to Craven Land Corporation

Saldutti sells 22,000 sf office condo to Craven Land Corporation


April 25, 2014

Two New Hires at Prime Realty

Prime Realty is growing. The strength of our firm comes from our people and we are so glad to have too strong new members of the team; Tiffany Lane and Joseph Turri.


February 10, 2014

Eric Bumgarner Assists Veteran Moving and Storage with Industrial Lease

PRIME REALTY ASSISTS VETERAN MOVING AND STORAGE LLC COMPLETE LEASE FOR 13,500 SQ FT WAREHOUSE ON JACKSONVILLE’S WESTSIDE


November 18, 2013

Retail Specialist Matthew Clark Closes Deal with Dollar Tree in Macclenny

Retail Specialist Matthew Clark Closes Deal with Dollar Tree in Macclenny

Retail Specialist Matthew Clark recently closes a deal with Dollar Tree- Cornerstone Shopping Center in Macclenny Fl.


November 18, 2013

Retail Specialist Matthew Clark Closes Deal with Levenson Eye Associates

Retail Specialist Matthew Clark Closes Deal with Levenson Eye Associates

Retail Specialist Matthew Clark recently closed a deal with Levenson Eye Associates.


August 01, 2013

Getting to Know Your Multi-family Specialist

Getting to Know Your Multi-family Specialist

Neil Hemenway joined Prime Realty in May 2010 as a Sales Associate specializing in multi-family property in the Jacksonville area. As a second generation real estate entrepreneur, real estate has always been a passion for Neil. Prior to joining Prime Realty, Neil worked for a company that focused on condo conversions on the Space Coast and was involved in the management of multiple apartment buildings.


July 29, 2013

Getting to Know Your Industrial Associate

Getting to Know Your Industrial Associate

Eric Bumgarner leads the Industrial Real Estate Division at Prime Realty. His brokerage activities include both tenant and landlord representation; where he completes sales and leases in the specialty of industrial land and buildings for local, regional and international companies.


July 29, 2013

Getting to Know Your Retail Specialist

Getting to Know Your Retail Specialist

Matthew Clark is the power behind the Prime Realty Retail Group – Matt specializes in all aspects of retail brokerage including tenant representation, third party leasing, and asset disposition


July 29, 2013

Getting to Know Your Broker

Getting to Know Your Broker

Prime Realty is under the direction of Tyler J Saldutti. Tyler is a fourth generation real estate entrepreneur and, prior to starting Prime Realty, was a top producer working for a global commercial real estate firm.


July 11, 2013

Prime Realty Makes a Splash with New Branding

Prime Realty Makes a Splash with New Branding

Press Release 7.10.13


July 09, 2013

Welcome Eric!

Welcome Eric!

Prime Realty wants to officially welcome the newest member of the team- Eric Bumgarner. His activities as an industrial associate will include tenant and landlord representation as well as sales and leases of industrial land and buildings for local, regional, and international companies.


April 30, 2013

The Tipping Point: Downtown Jacksonville Retail Development

Matthew Clark gives his perspective on retailing in downtown Jacksonville, FL 2013.


January 08, 2013

New Restaurant is Going to Feed the Courthouse

New Restaurant is Going to Feed the Courthouse

Restaurant going in downtown near the courthouse.


June 01, 2012

Matthew Clark hits the papers!

Matthew Clark featured in the Jacksonville Business Journal!