St. Joe Acquires 1133 20th St. NW

WASHINGTON, DC-The Jacksonville, Fla.-based company acquired the 118,300-sf space from Northwestern Mutual Life Insurance Co. for an undisclosed sum. The building is 99 percent leased.

By Marlon Millner | September 17, 2001 at 01:01 AM

Financing for the deal came from money made on conservation land sales in northwest Florida and other company revenue that is being redeployed into commercial properties along the East Coast. With this deal, St. Joe now owns just over two million sf of space from South Florida to the District. St. Joe, which is based in Jacksonville, FL, has also developed over 3.5 million sf of commercial and industrial space. At present, it has more than one million sf of space under development throughout Florida.

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