Interstate South Commerce Center Sells for $82/SF

Karen Brune Mathis of The JAX Daily Record reports that Birmingham-based Graham & Co. paid $21M for the Interstate South Commerce Center office/flex/warehouse project at 9440-9454 Philips Hwy. on the Southside.  The seller was UNUM and United of Omaha Life Insurance that paid $29.7M for the same property in 2007.  Graham just sold (December) the 550 Water Street building downtown to CSX for $30M.

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 January 10, 2015, in JAX Daily Record, Office, Transactions, Warehouses/Industrial and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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