"The total process should exceed $100 million and could reach as much as $200 million," St. Joe president Frank W. Herring Jr. tells GlobeSt.com. The company has reached its planned limit for acquisitions in the Florida Panhandle area and Tallahassee.
St. Joe already has stepped onto investment turf in Tampa and South Florida. The firm recently acquired the 13.6-acre, 100,303-sf, five-story Westside Corporate Center at Broward Boulevard and Pine Island Road in Plantation, FL, Broward County. Last May, St. Joe bought three class A office assets totaling 290,000 sf in Pinellas County.
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