Newsletters

CNL Lands Leasing Job at SunTrust Tower

JACKSONVILLE, FL-Located at 76 S. Laura Street in downtown Jacksonville, it was built in 1989 and renovated in 2004.

By Jennifer LeClaire | Updated on May 15, 2011

JACKSONVILLE, FL-The SunTrust Tower is getting a new leasing agent. Atlanta-based Parador Group has selected CNL Commercial Real Estate to lease more than 130,000 square feet of commercial office space in the SunTrust Tower. Located at 76 S. Laura St. in downtown Jacksonville, it was built in 1989 and renovated in 2004. Principal Brad Chrischilles and VP Scott Henley of CNL Commercial Real Estate, an affiliate of CNL Financial Group, will serve as the leasing agents for Parador, the majority owner of the 360,000-square-foot building. The company declined to disclose the vacancy rate, but the tower has entire floors and individual suites available.

Although Jacksonville’s downtown office market was hit pretty hard in the last few years, with several large office users relocating to the suburbs and some delayed projects, CNL reports increasing activity since the fourth quarter of 2010. Chrischilles points to the 15-year, 180,000-square-foot lease CSX recently signed at the 550 Water St. building as a strong sign.

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? Sign In Now

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.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

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

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