“Jacksonville is an important market and the city has the potential for significant business growth in the next five to seven years,” says Ashish Bahl, a Parador principal. “We feel the SunTrust Tower is poised to take advantage of this growth by offering a prime location for professional services firms who want to be downtown and take advantage of all the amenities that location provides.”

In addition to an extensive amount of work the city of Jacksonville is doing to upgrade the Laura Street corridor, Parador is investing in modernizing the building’s HVAC, elevators, plumbing and electrical infrastructure. Bahl says Parador chose CNL because the firm is “very well connected and respected in the local market, but also have the national outreach needed to help recruit a wide variety of tenants to the SunTrust Tower.”

CNL believes SunTrust Tower has a very broad appeal to a variety of business and professional tenants. In addition to smaller and medium size suites, Chrischilles says there are several full floors available so a larger user can also be accommodated, creating a blank canvas for companies looking to customize office space.

“With the Jacksonville Landing across the street, and several class A hotels within a block, the amenities are also excellent,” Chrischilles says. “Both of the principals of Parador are owners of very successful companies, so they really have a good grasp of what businesses are looking for in a building, both in terms of infrastructure and tenant services, and they are willing to go above and beyond in meeting those needs.”