Jaguars to buy Jacksons Fruit Market
Posted On July 2, 2021
Jacksonville Jaguars owners have agreed to buy the Jacksones Fruit Market, the site of the Jaguars franchise since 2000.
The Jaguars announced the purchase Monday, and it is expected to be completed in the next month.
Owner Shad Khan said the Jaguars will retain control of the property, which is located at 1/2 mile from the Jacksonville Coliseum.
The sale is subject to approval from the Jaguars Board of Directors and approval from King County officials, which approved the transaction last month.
The team will maintain ownership of the venue, which has been owned by the Jaguars since 2010.
The deal is expected in the coming weeks.
The purchase of the Jackson’s is expected on par with the purchase of other commercial properties owned by Khan, including a 1,500-seat stadium at the University of Phoenix Stadium, which was purchased by the Raiders in December for $1.5 billion.
Khan is also in the process of buying the team’s $1 billion arena at University of Florida, which opened last month for the 2017 season.