Stein Mart Building Sold for $23.7M
Lingerfelt CommonWealth Realty Partners recently purchased the Stein Mart building for $23.7M from Parkway Properties. The 10-story building is about 197K SF and is located in the downtown CBD (on the Southbank). The building was about 97% occupied at the time of the sale, and anchored by Stein Mart, who occupies about half of the building and has naming rights to the building. Lingerfelt also owns the Riverplace Tower across the street, which they bought from Gate in 2014 for $29M .
Posted on July 27, 2016, in Downtown, JAX Daily Record, Office, sale, Transactions, Uncategorized and tagged Lingerfelt, Lingerfelt CommonWealth, Riverplace Tower, stein mart. Bookmark the permalink. Leave a comment.