In 2012, Hines Global REIT, Inc. acquired The Markets at Town Center, a nine-building, 317,477-square-foot, upscale retail center in Jacksonville, FL. It is situated adjacent to the St. Johns Town Center on more than 52 acres. Completed in 2009, The Markets at Town Center is the newest and final phase of the St. Johns Town Center, a 1.9 million-square-foot, master-planned retail destination located along the J. Turner Butler corridor in the prime retail and office submarket of metro Jacksonville.

The center is home to 31 tenants including restaurants, outdoor/fitness, electronics, home, beauty, toy, apparel and jewelry stores.