Posted by Gregory J. Gilligan on 7/26/2016 on Richmond.com
Henrico County-based Lingerfelt CommonWealth Realty Partners has expanded its ownership reach again in Jacksonville, Fla.
The company said today that it acquired the Stein Mart Building in downtown Jacksonville, Fla., for $23.625 million.
The 10-story building, which is headquarters for discount retailer Stein Mart, is currently 95.75 percent occupied, the company said. It is a 196,649-square-foot Class A office building with an adjacent six-story parking garage located in Jacksonville’s Southbank area along the St. Johns River and the newly constructed Southbank Riverwalk.