Henrico-based Lingerfelt CommonWealth buys office tower in Jacksonville, Fla.

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.

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One More Time: Lingerfelt, Liberty Property Trust Close On $100+ Million Transaction in Virginia

Posted by Bryce Meyers on 6/24/2015 on Costar

Years after coming together on a $100 million transaction in Richmond, Lingerfelt CommonWealth Partners and former parent company Liberty Property Trust have again struck a $100 million deal in the State of Virginia, with Liberty this time exiting the Hampton Roads office market with the sale of its 1.32 million-square-foot portfolio for $110.3 million.

In 2011, Liberty sold 14 suburban Richmond office buildings totaling 919,000 square feet to Lingerfelt. In Hampton Roads, the firm has sold 20 office buildings, two flex buildings and 3.099 acres of land across six major area submarkets.

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