JACKSONVILLE, FL—EverBank Center is up for sale. El-Ad National Properties has decided to exit the Downtown Jacksonville market. CBRE is the exclusive sale advisor for the asset. CBRE senior vice presidents Michael Harrell and Louis Nutter are marketing the office tower.

Formerly known as the AT&T Tower, the EverBank Center changed its name when EverBank Financial Corp inked a 269,000-square-foot lease agreement. EverBank will begin moving its 1,500 employees from various office buildings in Jacksonville to the 30-story tower in July. Located at 301 West Bay Street, EverBank Center spans 956,201-square-feet, making it the largest in Downtown Jacksonville. The asset is 67% leased.

“We’ve not seen a lot of trades downtown or otherwise in the market,” Harrell tells GlobeSt.com. “Many of the properties here are in the hands of a few. We have several big REITs that own quite a large portfolio here.”