JACKSONVILLE, FL—The iconic Bank of America Tower here has been sold by Parmenter Realty Partners of Miami to Hertz Investment Group of Santa Monica, CA for $88 million.

The 42-story, granite cladded, office tower comprises 696,672 square feet, and has been Jacksonville’s skyline landmark since its completion in 1990. Jubeen Vaghefi and Jeff Morris of JLL represented Parmenter in the sale.

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