Search
 

St. Joe Sells Office Asset for $201 per SF

BOCA RATON, FL-Beacon Square Associates, an affiliate of St. Joe Commercial, sells the 168,000-sf Beacon Square Park office building to an unidentified buyer for $33.8 million. The per-sf price is one of the highest this year in South Florida.

By David R. Corder | Updated on October 12, 2001

BOCA RATON, FL-Beacon Square Associates, an affiliate of Jacksonville, FL-based St. Joe Co., has sold a newly completed 168,000-sf class A office building at 8051 Congress Ave. to an unidentified buyer for $33.8 million, or about $201 per sf. The per-sf price is one of the highest this year in South Florida.

Completed in the second quarter this year, the Beacon Square Park office building is occupied by International Business Machines Corp. under a build-to-suit agreement, according to a shareholder’s report St. Joe filed earlier this year with the Securities and Exchange Commission.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.