Riverplace South on Downtown Southbank sells for $9 million


Investor Thomas Marmaros bought the AvMed-anchored building on the Southbank. (Photo from loopnet.com)
Investor Thomas Marmaros bought the AvMed-anchored building on the Southbank. (Photo from loopnet.com)
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A Canadian investor bought Riverplace South on the Downtown Southbank on Friday for $9 million.

AvMed anchors the eight-story office building at 1300 Riverplace Blvd.

Parkway Properties LP of Orlando, through PKY Riverplace LLC, sold the property to investor Thomas Marmaros.

Marmaros created Riverplace Boulevard LP to buy the property. In state corporate records, Marmaros lists a principal address in Laval, Quebec, near Montreal, and a mailing address in Columbus, Ohio.

EverBank issued a $6.3 million mortgage to Riverplace Boulevard LP.

The AvMed building, developed in 1981, comprises 119,072 square feet of space, property records show. The 4.19-acre property is assessed at $7.27 million for tax purposes.

Riverplace South’s sale is one of three Southbank office structures that have sold since the end of 2013. It sits across the street from the 28-story Riverplace Tower, which changed hands for $29 million in October.

Also nearby, Vantage Hospitality Group bought the former Wyndham hotel for $9 million early this month and renamed it the Lexington Hotel & Conference Center Jacksonville Riverwalk.

More transactions are pending. Near Riverplace South, Baptist Health intends to buy the duPont Center I and II office buildings for $16 million.

 

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