Regions Bank Acquires Existing Downtown Location for $142/SF – CoStar Group
Regions Bank acquired 51 West Bay St. in Jacksonville, FL from Laney & Duke Terminal Warehouse Co. for $1.539 million, or about $142 per square foot.
The two-story, 10,280-square-foot historic retail building was built in 1909 and is located in the Northbank neighborhood of downtown Jacksonville.
Regions Bank was a tenant in the building and exercised the option to purchase. The tenant had been occupying the space since 2009 and, due to the long tenancy, was able to make a deal with the seller.
Posted on July 22, 2014, in Downtown, Office, Single Tenant Net Leased (STNL), Transactions and tagged Bay Street, Historic, Northbank Jacksonville, Regions Bank. Bookmark the permalink. Leave a comment.