Parmenter Realty Partners Sells Bank of America Tower in Jacksonville, Florida
MIAMI--(BUSINESS WIRE)--Parmenter Realty Partners, a leader in the commercial real estate industry, announced today the sale of Bank of America Tower in Jacksonville, Florida for $88 million. The 42-story, granite cladded, trophy office tower comprises 696,672 square feet, and has been Jacksonville’s perennial skyline landmark since its completion in 1990. Jubeen Vaghefi and Jeff Morris of Jones Lang LaSalle represented Parmenter in the sale.
“Our investment in a number of physical and procedural improvements, and undertaking energy conservation measures, resulted in measurable utility savings for the building.”
“During our ownership of the Bank of America Tower, we made significant improvements on the building’s sustainability, and the building became the first office tower in Jacksonville to achieve LEED™ certification in 2011,” said Darryl Parmenter, Chairman and Chief Executive Officer of Parmenter Realty Partners. “Our investment in a number of physical and procedural improvements, and undertaking energy conservation measures, resulted in measurable utility savings for the building.”
The LEED Certified, institutional-trophy asset is an emblem of architectural ingenuity, and has received the BOMA’s “The Outstanding Building of the Year” award nine times in the last 15 years. The building also received BOMA’s “The Best of the Best” in 2002, BOMA’s “7 Point Challenge”, and the prestigious “BOMA 360” designation.
Parmenter Realty Partners is a fully integrated real estate investment, management and development firm, headquartered in Miami, Florida, with three regional offices in Dallas, Atlanta and Washington, D.C. The company owns and operates high-quality office properties, and is actively involved in the expansion of its portfolio throughout its targeted markets.
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