The seller was Sherlon, whose asset manager is Miami-based Forum. The seller was represented by Lou Nutter, of CB Richard Ellis. Birmingham, AL-based Graham & Co./Corfac International's Peter Crolius, managing broker for the company's Jacksonville office, represented the buyer.
"The building has some unique characteristics for Downtown Jacksonville," Crolius tells GlobeSt.com. "There is quite a bit of parking, the potential for building signage for a large tenant. It has a lot of upside potential."
The building is located along the St. Johns River in the city's northbank Downtown core. It features a deli, on-site parking, views of the river and Downtown, and access to Interstate 95. "The Downtown Jacksonville office market is highly competitive and this facility is located in the primary commercial district," Crolius says.
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