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Jax Daily Record Tuesday, Dec. 13, 201612:00 PM EST

Tossgreen to open Downtown in SunTrust Tower

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Tossgreen, the fast-casual restaurant that focuses on salads and other healthy food, has signed a lease for ground-floor space in the SunTrust Tower Downtown.

Traci Jenks, senior director of office brokerage for Cushman & Wakefield, said the restaurant plans to open in the spring and will offer breakfast and lunch.

Tossgreen will lease 1,500 square feet on the first floor facing Laura Street, Jenks said, and would add outside seating along Laura Street. The 23-story tower is at 76 S. Laura St.

Jenks, who represents the high-rise’s ownership, said having the healthy food option will help leasing efforts at the tower.

The Jacksonville-based restaurant sells salads, wraps, pita, bowls and burritos featuring organic, local and seasonal ingredients. It offers signature selections or customers can build their own.

It also has locations at St. Johns Town Center and off Southside Boulevard in the Tinseltown area.

Matthew Clark, vice president of retail property brokerage with Prime Realty, put the deal together, she said. Jenks is the leasing agent for the tower.

Jenks said owners recently remodeled the building and completed the new parking garage.

She said the owner, Mainstreet Capital Partners Inc., has “done exactly as they said they would and turned the building around. I like to say they put Humpty Dumpty back together again.”

Jenks said when Fort Lauderdale-based Mainstreet Capital Markets bought the building for $31.1 million in April 2015, the structure had six owners and what she said was a lot of deferred maintenance.

Mainstreet Capital Partners said it bought the SunTrust Tower along with the adjacent 602-space parking garage that was under construction.

After the purchase, the company said it would spend $1 million to upgrade the tower.

Mainstreet Capital Markets said then it bought the structure in a joint venture with Minneapolis-based CarVal Investors LLC.

It said the transaction was challenging because the building was split into office condominiums by Florida investor Cameron Kuhn in 2005.

His remaining piece went through foreclosure and was purchased in 2009 by Parador Partners of Atlanta. Mainstreet said its goal was to buy all the pieces and put them back together.

 

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