The subject property is approximately 153,000 square feet of undeveloped land, located at the southeast signalized intersection of Airport Boulevard and North Davis Highway. The intended development includes the construction of 13,000 SF of building and a ground lease. The property is ideally positioned at the southern gateway to University Town Plaza and the eastern gateway to Cordova Mall, Sacred Heart Medical Center, Washington High School, Pensacola State College, and the Pensacola Airport. Some of the major businesses in the area include Beall’s Department Store, JoAnn Fabrics, Hobby Lobby, Kirkland’s, Barnes & Noble, hhGregg, Sports Authority, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Michael’s, Target, Office Depot, Publix, Rave Motion Pictures, and La-Z-Boy Furniture. Tenant delivery 2015.

• Site / Location: Airport Blvd. & Davis Highway
• Square Feet: 6,500 & 7,000
• Tenant(s): Outback Steakhouse & Mattress Firm
• Project Type: Adaptive Reuse
• Year Acquired: 2012