245 Riverside Avenue Office Building (former St. Joe HQ) Sold for $183/SF

The 137,000 SF, five-story, waterfront office building located at 245 Riverside Avenue sold to central FL based Consolidated-Tomoka Land Co. for $25.1M. It was built in 2003 and was the headquarters for The St. Joe Company, which later relocated, and is 99% leased, anchored by Raymond James. Mark Basch (contributing writer) with the Daily Record has the whole store here.

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 July 17, 2015, in JAX Daily Record, Office, sale, Transactions and tagged , , . Bookmark the permalink. Leave a comment.

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