A Jacksonville Beach investment group bought the Adventure Landing property in Jacksonville Beach on Feb. 24 for $7.87 million.
Property owner National Retail Properties LP of Orlando sold the almost 22.2-acre site at 1944 Beach Blvd. to JB Fair Park MF LLC, according to WJCT News partner the Jacksonville Daily Record.
The LLC shares an address with Trevato Development Group of Jacksonville Beach.
Trevato could not be reached immediately for comment. Its website says it “creates innovative places where residents and visitors alike love to work, relax, stay and play.”
Adventure Landing owner Hank Woodburn said the park has a lease on the property and will continue operating.
“This is our 26th season coming up and (we are) look forward to 26 more,” he said.
He said the park is operating and the water park will open March 6.
The name of the buyer indicates multifamily development is possible.