A Boca Raton-based investor bought the former Comcast building in Southpoint on Thursday, adding to its Jacksonville holdings.
IP Capital Partners LLP paid $3.6 million for the building, at 6805 Southpoint Parkway, and was issued a mortgage of $8.02 million from CopperPoint Mutual Insurance Co. of Phoenix.
Through SCIP 6805 LLC, IP Capital Partners bought the building from SA Challenger Inc. of Oak Park, Ill., which bought it in December 2011.
IP Capital Partners also owns the Aetna Building on the Downtown Southbank and One Imeson Center in North Jacksonville.
Jason Isaacson, the founding partner and president of IP Capital Partners, said Thursday he plans to lease the former Comcast building to one or multiple tenants.
“We bought it because we think the property sits in a really good location,” he said.
The 120,000-square-foot office building is on almost 17 acres in the Southpoint Office Park at Butler Boulevard and Interstate 95.
It was built in 1989 and used or leased by several companies, most recently by Comcast Corp., which moved its main Jacksonville office with 800 employees from there about five years ago to Deerwood North.
Isaacson said IP Capital Partners had no signed tenant for the building, but said it is attractive for companies needing large a large floor plate and a high parking count.
He said upgrades were planned to improve the appearance.
Isaacson said he intended to position the structure to attract high-quality tenants, like last fall’s lease at One Imeson to General Dynamics Information Technology.
General Dynamics Information Technology renovated almost 47,000 square feet of space within the much larger office and distribution structure for an operations center.