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Top 10 commercial sales of 4th quarter 2020 | Jax Daily Record | Jacksonville Daily Record

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The top 10 commercial real estate sales in 2020 | Jax Daily Record | Jacksonville Daily Record

Type: Bank of America Tower, IberiaBank and parking garage
Parcel size: 1.73 acres
Buyer: Jacksonville Tower Florida Realty LP
Seller: Hertz Jacksonville One LLC
Previous sale: $88,000,000 in 2014
Recorded: Dec. 17
About the property: In Jacksonville’s largest Class A office property transaction in 2020, Group RMC of New York City bought Downtown’s tallest high-rise – the 42-story Bank of America Tower along with the adjacent IberiaBank building and a parking garage Dec. 15 for $75.5 million.
The purchase price was 14% less than the previous sale in July 2014.
According to its website, Group RMC is “a real estate co-investment group that invests in underappreciated office properties in non-gateway U.S. Markets.” ....

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Top commercial sales of the week | Jax Daily Record | Jacksonville Daily Record

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