Thursday, January 23, 2014

Aetna Building Trades for $55.5 Million

A joint venture composed of Chicago-based GEM Realty Capital and IP Capital Partners out of Boca Raton, FL closed on the Aetna Building at 841 Prudential Dr. in Jacksonville, FL for $55.5 million, or about $108 per square foot. Formerly known as the Prudential Building, the Aetna Building was constructed by KBJ Architects in 1955 in Jacksonville's Downtown Southbank area. The 515,000-square-foot, 22-story trophy tower has the designation of at one time being the tallest building in Jacksonville, later being surpassed by the Riverplace Tower. Source: CoStar For buying, selling, leasing or management of office properties contact Chip Sistare - 904-421-8546

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