Blackwater Development pays $19.1 million for Regency Square Mall
The former main entrance to Regency Square Mall at 9501 Arlington Expressway. Blackwater Development announced April 9 that it bought the more than 76-acre site at northwest Atlantic Boulevard and Monument Road. Photo by Monty Zickuhr
Blackwater Development LLC paid $19.1 million for Regency Square Mall among two deeds executed April 9.
The deeds were recorded April 10 with the Duval County Clerk of Court.
Blackwater Regency LLC paid $12.1 million and Blackwater Regency Acquisition LLC paid $7 million.
Regency CH LLC, Regency Mall Realty LLC and Regency Nassim LLC sold the property.
First Horizon Bank issued a $7 million mortgage.
The mortgage and deed documents were not released on the site as of 4:50 p.m. April 10.
Lake City-based Blackwater Development announced April 9 it will redevelop the property at 9501 Arlington Expressway with multifamily housing, financial institutions and nationally recognized brands.
The regional mall was developed in 1967.
Three LLCs led by New York-based Regency Mall Realty LLC bought the mall for $13 million on Feb. 14, 2014.
Regency Mall Realty LLC is a partnership of Mason Asset Management and Namdar Realty Group LLC, both based in Great Neck, New York.
It sold off the movie theater parcel behind the mall in 2015 for $26.2 million and it sold the closed Belk store in the center of the mall to Impact Church for $7 million in 2016.
Regency Mall Realty LLC said Oct. 2, 2023, it had a contract to sell its portion, after which Blackwater Development confirmed it was the prospective buyer.
The Duval County Property Appraiser’s Office assesses it at almost $6.5 million for tax purposes.
Impact Church, Dillard’s Clearance Center and the former Sears store at the mall property are separately owned.
More on Regency Square Mall sale
Regency Square Mall sold, will be 'reimagined' as The Nexus at Regency. Story here
Blackwater, city agree to settle Regency Square Mall code compliance fines. Story here
Council member Amaro: ‘This is a new day for Arlington and Jacksonville.’ Story here
Business owners at Regency Square Mall waiting to hear from its new owner. Story here
City: No plans have been requested to provide incentives for redevelopment of Regency Square Mall. Story here
