JACKSONVILLE, FL—The iconic Bank of AmericaTower here has been sold by Parmenter RealtyPartners of Miami to Hertz InvestmentGroup of Santa Monica, CA for $88 million.
The 42-story, granite cladded, office tower comprises 696,672square feet, and has been Jacksonville's skyline landmark since itscompletion in 1990. Jubeen Vaghefi andJeff Morris of JLL representedParmenter in the sale.
“During our ownership of the Bank of America Tower, we madesignificant improvements on the building's sustainability, and thebuilding became the first office tower in Jacksonville to achieveLEED™ certification in 2011,” says DarrylParmenter, chairman and CEO of Parmenter Realty Partners.“Our investment in a number of physical and proceduralimprovements, and undertaking energy conservation measures,resulted in measurable utility savings for the building.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
