Business Brief: First Baptist Hires CBRE To Market Downtown Jax Property
First Baptist Church hired CBRE Jacksonville to help market and sell 11.29 acres of its Downtown campus, the commercial real estate firm announced Dec. 5 in a news release.
First Baptist Senior Pastor Heath Lambert unveiled a plan Sept. 8 to downsize its 13.7-acre campus in the Downtown core in response to declining church attendance and a growing multimillion-dollar maintenance bill on its aging 1.5 million-square-foot property.
Oliver Barakat is senior vice president at CBRE and one of three real estate brokers from the firm working on the sale. In a phone interview with WJCT News partner the Jacksonville Daily Record on Dec. 5, he said CBRE will seek a single buyer for the property.
Barakat said the only change from Lambert’s original announcement is two of the site’s smaller buildings are under contract and won’t be part of the sale.
An expanded version of this story is at JaxDailyRecord.com.