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Land sold for Novo Kendall Town apartments | Jax Daily Record | Jacksonville Daily Record


With the land bought and financing in place, Atlanta developer Shelton McNally Real Estate Partners LLC is preparing to build the 300-unit Novo Kendall Town apartments in the Regency area.
GL National Inc. and Shaner Select Services Hotels VIII LLC sold almost 16.7 acres east of Southside Connector along Kendall Town Boulevard.
Novo Jacksonville Owner LLC paid $4.5 million for the vacant land Dec. 10, financed with a $28.6 million mortgage from Synovus Bank in Columbus, Georgia.
The mortgage was made to Shelton McNally. The deeds are in the address of Pacific Coast Capital Partners of Los Angeles.
Novo paid $3.5 million for about 13 acres from GL National Inc., affiliated with Gate Petroleum Co. ....

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