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Shopping center near Palencia opens with all spaces leased

July 21, 2022
Gateway Village Center at Palencia

By Stuart Korfhage

In another sign of the strong commercial real estate market in St. Johns County, the Gateway Village Center near Palencia just announced that it is open.

In the same announcement, Gateway Capital Development Inc. said the shopping center is fully leased.

The overall market in the area has been favorable for commercial development. According to a report from Colliers International in November, occupancy and average rents were both at record levels — 96 percent and $14.80 per square foot, respectively — through the third quarter.

Gateway Village Center includes a Circle K convenience store/gas station. It also has a 18,000-square-foot retail center with businesses such as Joint Bagel Company, CT Nails & SPA, Market Street Boutique, Whisker Lane Petique, Your Pie Craft Pizza, Christy’s Dream Gourmet Ice Cream, Cinco De Mayo Authentic Mexican restaurant and Aviles Dental Care.

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