April 17, 2018 Comments Off on LNR Engages Transwestern for Jacksonville BB&T Tower Assignment Views: 2395 Florida, National News, Southeast

LNR Engages Transwestern for Jacksonville BB&T Tower Assignment

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.

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