The 10-year lease, with an average asking rent of $18.50 per sf, has an aggregate value of $31.73 million.
The transaction brings the landmark 17-year-old building at 701 San Marco Boulevard in the Southbank area of Downtown Jacksonville to 100% occupancy.
The block of space became available after Prudential Life Insurance Co. of Newark, NJ, the building's owner, sold a portion of its business to Aetna Insurance Co. and no longer needed the 167,000 sf.
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