Parmenter Realty Partners Sells Bank of America Tower in Jacksonville, Florida

  Parmenter Realty Partners Sells Bank of America Tower in Jacksonville,
  Florida

Business Wire

MIAMI -- July 11, 2014

Parmenter Realty Partners, a leader in the commercial real estate industry,
announced today the sale of Bank of America Tower in Jacksonville, Florida for
$88 million. The 42-story, granite cladded, trophy office tower comprises
696,672 square feet, and has been Jacksonville’s perennial skyline landmark
since its completion in 1990. Jubeen Vaghefi and Jeff Morris of Jones Lang
LaSalle represented Parmenter in the sale.

Parmenter Realty Partners Sells Bank of America Tower in Jacksonville,
Florida. (Photo: Business Wir ...

Parmenter Realty Partners Sells Bank of America Tower in Jacksonville,
Florida. (Photo: Business Wire)

“During our ownership of the Bank of America Tower, we made significant
improvements on the building’s sustainability, and the building became the
first office tower in Jacksonville to achieve LEED™ certification in 2011,”
said Darryl Parmenter, Chairman and Chief Executive Officer of Parmenter
Realty Partners. “Our investment in a number of physical and procedural
improvements, and undertaking energy conservation measures, resulted in
measurable utility savings for the building.”

The LEED Certified, institutional-trophy asset is an emblem of architectural
ingenuity, and has received the BOMA’s “The Outstanding Building of the Year”
award nine times in the last 15 years. The building also received BOMA’s “The
Best of the Best” in 2002, BOMA’s “7 Point Challenge”, and the prestigious
“BOMA 360” designation.

Parmenter Realty Partners is a fully integrated real estate investment,
management and development firm, headquartered in Miami, Florida, with three
regional offices in Dallas, Atlanta and Washington, D.C. The company owns and
operates high-quality office properties, and is actively involved in the
expansion of its portfolio throughout its targeted markets.

For more information on this topic please visit our website at www.parmco.com,
or contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail
at MediaRelations@parmco.com.

                                Follow us on:

                  Facebook | LinkedIn | Twitter | Pinterest

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140711005624/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50903937&lang=en

Contact:

Parmenter Realty Partners
Lyndelle Nieuwkerk, 305-379-7500
mediarelations@parmco.com
 
Press spacebar to pause and continue. Press esc to stop.