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Boca Raton-based investment firm Second Horizon Capital announced Wednesday it had acquired the 950,000-square-foot mall.
ORANGE PARK, Fla. — The Orange Park Mall has a new owner.
Boca Raton-based investment firm Second Horizon Capital announced Wednesday it had acquired the 950,000-square-foot mall located on Wells Road.
The company said it plans to invest in enhancements to the mall’s common areas, community engagement resources, safety operations and infrastructure to position it for long-term success.
“Throughout its 50-year legacy, Orange Park Mall remains a core retail destination for the Clay County community and greater Jacksonville area,” said Howard Levine, managing partner and co-founder of Second Horizon Capital. “We see significant opportunities to strengthen this center through targeted investments in the center’s retail line-up, operating capabilities and community engagement. Our focus is to help ensure that Orange Park Mall remains a welcoming and vibrant destination for residents, visitors and tenants for decades to come.”
The company added that it intends to expand the mall’s community programming calendar and foster more local partnerships.
“We prioritize investments with significant potential to deliver an elevated experience for shoppers, tenants and the broader community,” said Camilo Varela, managing partner and co-founder of Second Horizon Capital. “Orange Park Mall offers a meaningful opportunity to welcome an expanded range of shopping, dining and entertainment options, including a mix of national, regional and local retailers. We look forward to working directly with the community to help ensure the mall reflects their evolving needs.”
The Orange Park Mall is the sixth mall Second Horizon Capital has acquired, and the first in Florida.