Development

Development

Bakkar Group builds in all types of commercial developments specializing in retail shopping centers, including strip centers and neighborhood shopping centers.

Partners with the
Local Community

Bakkar Group works together with local city planners and the surrounding communities to develop an understanding and consensus of our projects.

We encourage comments from community members in order to understand the important topics and implement new ideas whenever possible. Our goal is to create an atmosphere that captures the spirit of the community.

Fountain of Knowledge

For over 40 years, Bakkar Group has been developing commercial projects. Our experience includes:

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Site Identification, Evaluation and Acquisition

Bakkar Group uses a qualified set of criteria when pursuing development opportunities. We believe that site feasibility is an important part of development and we want to ensure we create the best project at each location. We seek to meet the needs of our clients, and to bring beneficial attributes to the community.
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Regulatory Permitting Management

Our team is intimately familiar with northeast Florida, allowing us to manage the permitting phase with precision and efficiency. We work to complete the job accurately and in a timely manner.
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Supervision of Construction

We work closely with the general contractor and subcontractors to ensure the construction process progresses efficiently and within budget. We work with the community and local officials to prevent as much interference as possible, while observing the needs of the people.
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Leasing

Bakkar Group team members use their extensive experience and knowledge to find the tenant that best fits each space. We strive to ensure that each property is well-maintained and attractive. The leasing team currently leases and manages commercial retail shopping centers in Clay, St. Johns and Duval counties.

Acquisition

Bakkar Group is a Florida Limited Liability Company headquartered in Jacksonville Beach, FL. The company’s portfolio consists of over 15 properties of primarily retail shopping centers located in small towns and major metropolitan markets of Northeast Florida. Property types of particular interest include community and neighborhood shopping centers, which provide daily essential services.

Bakkar Group seeks the following types of investments to employ its acquisitions strategy:

  1. Stabilized market-dominant, grocery-anchored properties with supply-side restrictions and strong demographics.
  2. Redevelopment opportunities offering added-value enhancements that could result from modifying the tenant mix, developing additional expansion space for existing or new tenants and developing out-parcels.
  3. Land appropriate for ground-up development of community and neighborhood shopping centers.

Types of Investments

Bakkar Group seeks the following types of investments to employ its acquisitions strategy:

  • Assisted Living Facilities
  • Self Storage
  • Medical Offices
  • Retail Shopping Centers
  • Educational Facilities
  • Out Parcels