{"id":286331,"date":"2026-05-27T16:22:09","date_gmt":"2026-05-27T16:22:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/286331\/"},"modified":"2026-05-27T16:22:09","modified_gmt":"2026-05-27T16:22:09","slug":"beachwood-court-building-sells-to-faropoint-for-7-5-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/286331\/","title":{"rendered":"Beachwood Court building sells to Faropoint for $7.5 million"},"content":{"rendered":"

Proper Capital & Real Estate announced May 27 it represented seller J K Davis Land Group LLC in the $7.5 million sale of an industrial warehouse at 3636 Beachwood Court to a subsidiary of New Jersey-based Faropoint Ventures.<\/p>\n

The 43,282-square-foot industrial warehouse includes office and event space. Built in 2017 and fully occupied by Sight & Sound Productions, the 3.77-acre site is off of Beach Boulevard and is less than a half-mile east of Interstate 295.<\/p>\n

The seller is led by Jon Davis, who retired at year-end 2025 as president and CEO of Jacksonville-based Sight & Sound after almost 30 years. The company provides event planning and audiovisual production.<\/p>\n

Jacksonville Beach-based private equity firm Dubin Clark & Co. Inc. bought Sight & Sound in 2025. Heritage Capital Group Inc., an investment banking and financial advisory firm, announced the deal July 9. Heritage Capital served as the financial adviser.<\/p>\n

\"Sight<\/p>\n

Sight & Sound Productions, an event planning and audiovisual production company, occupies the Beachwood Court building.<\/p>\n

Special to the Daily Record<\/p>\n

Sight & Sound was founded in 1987 by Curt Hubbard, who hired Davis in 1996.\u00a0<\/p>\n

In 2009, the company bought Mugwump Productions, an event d\u00e9cor and design business that serves corporate and social events.\u00a0<\/p>\n

Davis advanced through the organization to become president in 2000 and sole owner in 2010.<\/p>\n

\"Jonathan<\/p>\n

Jonathan Heldenbrand<\/p>\n

Jacksonville-based Proper Capital & Real Estate said in a news release the property, with dock-high loading, an oversized truck court and versatile event space, \u201ccannot be replicated in today\u2019s supply-constrained Southside submarket.\u201d<\/p>\n

\u201cThe large amount of buyers interest in this transaction speaks volumes about the industrial scarcity in the this submarket, the quality of the building and the tenant. Well-located, functional industrial product in this corridor doesn\u2019t come available often, and when it does, institutional capital moves quickly\u201d, said Jonathan Heldenbrand, managing partner.<\/p>\n

He said Faropoint did not have a broker representative in the deal.<\/p>\n

Proper Capital & Real Estate said the transaction, which closed May 14, reflects continued investor demand, underscored by recent acquisitions by Decker Capital and Merritt Properties.<\/p>\n

Faropoint Ventures continues to build its presence in the Northeast Florida industrial market, the release said.<\/p>\n

\u201cFaropoint Ventures has been an active and consistent buyer in the Jacksonville market, having previously acquired a property at Gran Park at The Avenues for $15 million in June 2025,\u201d it said.<\/p>\n

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