Neptune Beach-based developer purchases Orange Park Mall Sears

May 5, 2026

By J. Brooks Terry
Jax Daily Record

The acquisition comes amid reviews of redevelopment plans that include a grocer. The Sears at Orange Park Mall has been sold to a Neptune Beach-based real estate development company.

The department store closed in 2020, the last of the former retail giant’s three Jacksonville-area stores to shut its doors, and the space has remained vacant.

As of May 5, the price is not public, but a recorded mortgage shows a $41.3 million loan.

Corta Orange Park FTU LLC purchased the property. Sears parent company Transform LLC sold it through TF Orange Park FL LLC.. 

Corta principal Cory Presnick said he could not discuss specifics of the transaction, including the sale price or what’s planned for the 189,796-square-foot department store.

The timing of the sale is consistent with redevelopment plans called Orange Park Place that are under review by The St. Johns River Water Management District and Clay County. North Carolina-based Kimley-Horn is the civil engineer.

Tenant information is sparse, with plans showing only an unidentified grocer, dental office and Mediterranean restaurant Cava.