Skip to main content
Mathis Report
Jax Daily Record Friday, Sep. 17, 202104:30 AM EST

Deed, mortgage recorded for Hanania on Southbank

The deed was executed Aug. 26 and the mortgage was made Aug. 31.

The deed and mortgage were recorded Sept. 10 for automotive group owner Jack Hanania’s purchase of the former Stein Mart headquarters building on the Southbank.

Through Hanania Riverplace LLC, Hanania paid $20.67 million for the 10-story office building and six-level garage at 1200 Riverplace Blvd. 

Bank of America financed the deal through an almost  $14.47 million mortgage and security agreement.

The deed was executed Aug. 26 and the mortgage was made Aug. 31.

Hanania bought the property from LCP 1200 Riverplace LLC., which is Lingerfelt CommonWealth Partners of Virginia.

The building has 200,627 square feet of rentable spac, with 120,000 square feet available for lease.

Fashion retailer Stein Mart Inc. vacated it last year after filing bankruptcy.

Hanania, owner and CEO of Jacksonville-based Hanania Automotive Group, intends to move his headquarters into about 10,000 square feet of space, continue to lease to existing tenants and recruit more companies.

The building becomes the Hanania Building.

Be the first to know the latest breaking news and information that business leaders rely on in this fast-paced changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key upcoming events you won’t want to miss and much more. Click Here to Grow your Business NOW!

Related Stories