JACKSONVILLE, FL—The iconic Bank of America Tower here has been sold by Parmenter Realty Partners of Miami to Hertz Investment Group of Santa Monica, CA for $88 million.
The 42-story, granite cladded, office tower comprises 696,672 square feet, and has been Jacksonville's skyline landmark since its completion in 1990. Jubeen Vaghefi and Jeff Morris of JLL represented Parmenter in the sale.
“During our ownership of the Bank of America Tower, we made significant improvements on the building's sustainability, and the building became the first office tower in Jacksonville to achieve LEED™ certification in 2011,” says Darryl Parmenter, chairman and CEO of Parmenter Realty Partners. “Our investment in a number of physical and procedural improvements, and undertaking energy conservation measures, resulted in measurable utility savings for the building.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.