**Second Horizon Capital Acquires 950,000-SF Orange Park Mall**
Second Horizon Capital has acquired Orange Park Mall, a 950,000-square-foot enclosed shopping center located in Orange Park, Florida, near Jacksonville. Founded in 2021, the firm continues to expand its retail portfolio and now owns six malls and shopping centers across Massachusetts, Virginia, Utah, Arkansas, Illinois, and now Florida.
The mall, located at 1910 Wells Road, was sold by WPG, which had owned the property since 2014. Originally built in 1975, the mall underwent a major expansion of 300,000 square feet in 1984.
Orange Park Mall is anchored by five major retailers: Belk, JCPenney, Dick’s Sporting Goods, Dillard’s, and AMC Theatres. Notable tenants include Old Navy, Hollister, Hot Topic, Foot Locker, and Victoria’s Secret. Dining options at the center include Buffalo Wild Wings, Charley’s Philly Steaks, Popeye’s, and Chao King Express. The mall is currently approximately 95 percent occupied.
Second Horizon Capital plans to enhance the mall’s offerings with a broader mix of shopping, dining, and entertainment options, featuring a combination of national, regional, and local retailers. Physical upgrades to the property are also under consideration.
CBRE has been appointed to handle property management and leasing services for the mall.
For more industry insights and discussions on capital markets, financing trends, development, acquisitions, and property management strategies in the multifamily sector, Connect Apartments will be held on September 11. The event will feature expert-led conversations on affordability, innovation, market dynamics, and investment opportunities.
