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.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
