BELLINGS

B of A Pays $155M for Jacksonville Office Buildings

Bank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City. Bank of America bought about 820,000 square…

Bank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City. Bank of America bought about 820,000 square…

BELLINGS Intelligence Score: 10

Why it matters

This is a routine real estate acquisition by Bank of America of office buildings it was already leasing, representing ordinary operating activity with limited broader market impact or novelty.

Sources

  • Connect CRE

    B of A Pays $155M for Jacksonville Office Buildings

    Bank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City. Bank of America bought about 820,000 square…