CSX Buys 550 Water Street Building at $30M ($128/SF)
Confirming an earlier rumor, CSX exercised a purchase option and closed on its purchase of the 14-story 550 Water Street building adjacent to its HQs facility. The seller was Graham & Co. the Birmingham-based investor that bought the building in 2007 at $23.3M. CSX already leased about 75% of the building from Graham; there are six other tenants in the building who now call CSX their landlord. Roger Bull has the announcement for The Florida Times-Union.