Greenfield Partners sells Deutsche Bank-leased building for $27.6 million

It’s the second Jacksonville sale recorded this week for the Connecticut real estate investment group.

Deutsche Bank moved into 5201 Gate Parkway in 2016. Greenfield Partners sold the building Dec. 17 for $27.6 million
Deutsche Bank moved into 5201 Gate Parkway in 2016. Greenfield Partners sold the building Dec. 17 for $27.6 million
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Greenfield Partners LLC sold the Gate Parkway building leased by Deutsche Bank for $27.6 million, its second Jacksonville property sale recorded this week.

Through LSOP 3C II LLC, Greenfield Partners sold the property at 5201 Gate Parkway on Dec. 17 to Strategic Office Partners of Phoenix.

It was recorded Dec. 27 with the Duval County Clerk of Courts.

Both property sales recorded this week were part of Greenfield Partners’ purchase of Liberty Property Trust LLC’s Jacksonville portfolio in December 2013.

Greenfield Partners is based in Westport, Connecticut.

Deutsche Bank moved into the three-story, 156,000-square-foot Gate Parkway building on 13.04 acres in April 2016.

The structure was built in 2006. PHH Mortgage leased it before Deutsche Bank moved in. The Duval County Property Appraiser says the assessed value is almost $17.2 million.

Wells Fargo Bank issued a $27.75 million mortgage to SOP 5021 Gate Parkway LLC, part of Strategic Office Partners.

Strategic Office Partners says on its website that it targets “high-quality, predominantly single-tenant office assets with intermediate lease term in high growth metropolitan areas in the United States.”

It says that since its inception in 2016, it has acquired 33 buildings across the U.S. totaling nearly 4 million square feet.

It says it is wholly owned by TPG Real Estate Partners.

According to a deed recorded Dec. 23, Greenfield Partners sold the Parkway Place office park in South Jacksonville for $13 million to The Runnymede Corp. of Virginia Beach, Virginia.

Greenfield Partners owned that property through LSOP 3 FL 4 LLC, buying it from Liberty Property Trust.

Parkway Place comprises two single-story office buildings on about 10 acres at 6680 and 6700 Southpoint Parkway. They were built in 1986 and 1987.



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