April 17, 2018
Special servicer LNR Partners retained Transwestern to provide investment sales services for BB&T Tower, a 285,487-square-foot, Class A landmark office building at 200 W. Forsyth St. in downtown Jacksonville, FL. The 18-story, REO property by LNR is listed on Ten-X, with a final call for bids scheduled for May 31, 2018.
The BB&T-anchored asset encompasses a full city block, connected by a tunnel to a six-story parking garage across the street featuring ground-level retail. This year, a $3.87 million capital investment program was completed to upgrade the property, which was originally built in 1975.
Transwestern’s John Bell will facilitate the sale.
“Investors have shown interest in BB&T Tower, as the property’s recent renovations and increased office demand in the Jacksonville Northbank Central Business District have made it an attractive opportunity,” said Bell.
For comments, questions or concerns, please contact Dennis Kaiser