Lingerfelt CommonWealth Partners acquires Florida office building
Richmond-based Lingerfelt CommonWealth Partners has acquired a 28-story office building in Florida from Gate Riverplace Co., a subsidiary of Gate Petroleum. Terms of the deal were not disclosed.
Riverplace Tower is a 425,223-square-foot, Class A office building located at 1301 Riverplace Boulevard in Jacksonville, Fla. Tenants include Rogers Towers P.A., Rayonier Inc., Adecco USA and ClubCorp USA Inc.
Built in 1967, the tower was the tallest building in Florida until 1972. Today, it is the fifth tallest building in Jacksonville. The property was renovated in 1994, and it went through a multimillion-dollar modernization and renovation in 2005.
Commonwealth Commercial Partners , a Lingerfelt affiliate, will handle Riverplace Tower’s asset and property management. Jones Lang LaSalle will be in charge of the tower’s leasing and marketing.