AT&T sells Downtown property near Gateway Jax development

The $29.65 million sale and leaseback deal is with private real estate development firm Reign Capital.

  • By Monty Zickuhr
  • | 12:01 p.m. February 3, 2025
  • | 0 Free Articles Remaining!
AT&T Inc. sold its Downtown property at 424 Pearl St. on Jan. 8 for $29.65 million.
AT&T Inc. sold its Downtown property at 424 Pearl St. on Jan. 8 for $29.65 million.
Photo by Monty Zickuhr
  • Real Estate
  • Share

AT&T Inc. sold its Downtown property at 424 Pearl St. on  Jan. 8 for $29.65 million to a New York private investment company.

The property comprises the block of Pearl, Church, Duval and Clay streets. It is adjacent to and west of where Gateway Jax is building its Pearl Square Block N11 building at 515 N. Pearl St.

AT&T sold the property through Bellsouth Telecommunications LLC and other entities. The buyer was Reign CO2 Propco LLC.

Continue reading your article
with a JAX Daily Record subscription.
What's included:
  • ✓ Unlimited digital access to JaxDailyRecord.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed printed newspaper every Thursday
Subscribe

Already subscribed? Sign in.

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.