The facility, which will have three stories and 65,000 square feet, is the second location in Florida for Topgolf after Tampa. The deal was completed through SRS Real Estate Partners' Orlando office.
The facility is an entertainment center in addition to a competitive golfing facility, offering a full food and drink menu, a number of flat-screen TVs, and 3,000 square feet of event space.
The location was a strategic decision for Topgolf, especially due to its proximity to major highways, according to John Artope, who represented Topgolf in the purchase.
“The location offers easy access to residents from I-295 with close proximity to St. Johns Town Center. We believe in this market’s strong demographics and its potential growth for the future," Artope said in a news release.
Topgolf will begin construction on the facility in the coming weeks, and expects to be ready to open by summer 2016.
Topgolf decided to come to Jacksonville for multiple reasons, including its demographic base and growing tourism industry.
“Jacksonville offers everything Topgolf looks for in a location — proximity to local corporations and a major shopping destination in St. Johns Town Center, fantastic demographics, a fast-growing population, a golfing community and a city that promotes outdoor recreation,” Topgolf Vice President of Real Estate Zach Shor said in the release.
The Jacksonville location also seeks to capitalize on the success the Tampa location has had already.
“Our Tampa location has already broken company records for attendance, and we see a lot of potential for our concept to grow in the state of Florida. Topgolf Jacksonville is the perfect destination to continue that expansion," Shor said.
Shor estimates that the facility will welcome 450,000 in its first year of business.
The anticipated economic impact from the facility is $264.5 million over the next 10 years. Topgolf will, additionally, create about 450 new jobs.
JaxUSA Partnership President Jerry Mallot said that Topgolf coming to Jacksonville is an endorsement of the community as a whole.
“Topgolf choosing Jacksonville for just its second location in Florida is another example of a national company recognizing the growth and strength of Northeast Florida’s economy,” Mallot said in the release. “When we’re talking to companies about the excellent quality of life in Northeast Florida, golf is always at the top of the list, and adding a Topgolf will boost our region as a golf destination.”
Written By: Alexa Epitropoulos of Jacksonville Business Journal