The former Stein Mart building at 1200 Riverplace Blvd. on Jacksonville’s Southbank is going up for sale via auction.
The 10-story, 200,627-square-foot building, with a six-story adjacent parking garage, is scheduled for auction June 14-16 by Newmark Phoenix Realty Group and online commercial real estate exchange company Ten-X.
An affiliate of Virginia-based Lingerfelt Commonwealth Partners bought the property, built in 1985, for $23.625 million in 2016, according to Duval County records.
A listing for the auction by Ten-X said starting bids for the building will be $7 million.
Jacksonville-based fashion retailer Stein Mart Inc. had its headquarters in the building, but the company filed for Chapter 11 bankruptcy last year and went out of business, vacating its offices.
The Stein Mart name was removed from atop the building in November.
The Ten-X listing said the building is 40.28% occupied.
The listing describes it as a “trophy asset with significant upside” and a “unique opportunity for owner occupants.”
