The SunTrust Tower is the latest Downtown high-rise building to be sold.
Mainstreet Capital Partners, a Fort Lauderdale-based real estate investment company, paid $31.1 million last week for the 23-story building at 76 S. Laura St.
Mainstreet CV 76 S. Laura St. LLC bought the Northbank property from six owners, according to deeds recorded Friday with the Duval County Clerk of Court. BMO Harris Bank of Chicago issued a $27.15 million mortgage.
Deeds show Mainstreet paid:
• $19.999 million for units from Parador Laura Street Offices LLC, led by Ashish Bahl.
• $8.325 million for units from Trimurti Investments Inc. of Orlando, whose vice president is Jacqueline Frowd.
• $1.356 million for units from Go-To-Pay LLC, whose manager is Bahl.
• $800,000 for units from National Certification Commission for Acupuncture and Oriental Medicine Inc., whose CEO is Kory Ward-Cook.
• $350,000 for units from Trimurti Investments Inc. of Orlando.
• $292,374 for a condominium from CREX-McBurney LLC, led by Charles McBurney Jr.
Parkador Parking LLC also deeded the garage parcel to Mainstreet CV 76 S. Laura St. LLC. The Parador garage is under construction at 37 S. Hogan St., next to the tower.
The city has an economic development agreement with Parador Parking LLC. Downtown Investment Authority CEO Aundra Wallace sent a March 24 letter to Parador Parking LLC saying the city consents to the deal.
Mainstreet Capital Partners, led by President and Partner Paul Kilgallon, invests in office and industrial buildings. He started the company in 1999.
It owns and manages 3.2 million square feet valued at more than $407 million throughout the Southeast U.S., including seven properties in Florida.
The 383,239-square-foot SunTrust Tower was built in 1989. It had been marketed as office-condominiums by Florida investor Cameron Kuhn, who bought the structure in 2005.
After the lender took title to the property in 2008, the office space that remained unsold was made available for lease. Parador Partners bought the space in 2009.
The tower is the seventh Downtown high-rise office buildings sold to investors since December 2013.
On the Northbank, the Bank of America Tower sold for $88 million; Wells Fargo Center, $79 million; EverBank Center, $47 million; and the 550 Water Street building, $30 million.
On the Southbank, the Aetna Building sold for $55.5 million and Riverplace Tower for $29 million.
Last year was a big one for commercial real estate sales in Jacksonville. The Colliers International real estate company reported a record $2.9 billion in transactions took place, a “staggering” 67 percent increase from the record $1.7 billion in 2013 and more than double the total of 2012.
Colliers said the $758 million in office transactions in the metro area was up 142 percent from 2013 and seven-fold from 2012.
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