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Skip to main content Google Tag Manager The Daily Record & Observer LLC. respects your privacy and values the relationship we have with you. We use technology to collect information that helps us enhance your experience and our products and services. The cookies we use help us understand what information and advertising are most useful and valuable. Please take a moment to review our Cookie Policy and Privacy Policy. By clicking Accept, you agree to our use of cookies and similar technologies. ....
Type: Bank of America Tower, IberiaBank and parking garage Parcel size: 1.73 acres Buyer: Jacksonville Tower Florida Realty LP Seller: Hertz Jacksonville One LLC Previous sale: $88,000,000 in 2014 Recorded: Dec. 17 About the property: In Jacksonville’s largest Class A office property transaction in 2020, Group RMC of New York City bought Downtown’s tallest high-rise – the 42-story Bank of America Tower along with the adjacent IberiaBank building and a parking garage Dec. 15 for $75.5 million. The purchase price was 14% less than the previous sale in July 2014. According to its website, Group RMC is “a real estate co-investment group that invests in underappreciated office properties in non-gateway U.S. Markets.” ....
Skip to main content Google Tag Manager The Daily Record & Observer LLC. respects your privacy and values the relationship we have with you. We use technology to collect information that helps us enhance your experience and our products and services. The cookies we use help us understand what information and advertising are most useful and valuable. Please take a moment to review our Cookie Policy and Privacy Policy. By clicking Accept, you agree to our use of cookies and similar technologies. ....
The Menlo apartments, built this year in the eTown development, sold Dec. 15 for $73.5 million. Catalyst Development Partners, through CDP E-Town Owner LLC, sold it to Oxford Properties through PAC Menlo LLC, according to a deed filed with the Duval County Clerk of Courts on Dec. 15. Both companies are based in Atlanta. CDP E-Town developed the apartment community. The address is 11390 Square St. Nationwide Life Insurance Co. financed the deal to PAC Menlo with a $47 million mortgage, according to the clerks office. Oxford Properties is based in Atlanta. Newmark Senior Managing Directors Erik Bjornson and Tyler Nilsson brokered the transaction. The 332-unit, seven-building community comprises one-, two- and three-bedroom apartments from 678 to 1,306 square feet of living space. Monthly rents range from $1,150 to $1,855. ....