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.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on December 8, 2014, in Downtown, Office, The Florida Times-Union, Transactions and tagged , , , , . Bookmark the permalink. Leave a comment.

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