SunTrust Tower Downtown Trades for $31.1M

Mainstreet Capital Partners, based out of Ft. Lauderdale, has bought a majority of the SunTrust tower in downtown Jacksonville for $31.1 million. Mainstreet also purchased the adjacent parking garage, currently under construction and set to open in May. The office tower is a class A, 383k SF, 23-story building in the Jacksonville CBD and was 59% occupied at the time of the sale; but the building is a condominium ownership regime and it is still unclear how much of the 383k that Mainstreet actually purchased. Andrew Thurlow with the Jacksonville Business Journal has the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on April 6, 2015, in Downtown, JAX Business Journal, Office and tagged , . Bookmark the permalink. Leave a comment.

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