A Jacksonville Transportation Authority property on the Downtown Southbank will be sold to a private company under action Sept. 4 by the JTA board.
The seven-member board voted unanimously to declare a JTA office building at 1022 Prudential Drive as surplus property and to authorize CEO Nat Ford to negotiate and execute a sale with TEK Enterprise for $1.8 million.
In a presentation to the board, Jessica Shepler, JTA senior vice president of public affairs, described TEK as a prosthetics company. No information was provided during the meeting about how the business was identified as the potential buyer, and emailed questions to JTA about the company were not immediately answered.
The Loopnet.com commercial real estate website shows the property, marketed by Colliers, was listed July 11.
In a memo from Shepler that was included in the board meeting materials, she wrote that the property initially housed the Jacksonville Expressway Authority. That authority, which was established in the 1950s to maintain toll roads and bridges, merged with the JTA in the 1970s.
Since then, the building has housed various JTA departments, including real estate, information technology, human resources, training and economic development. The First Coast Metropolitan Planning Organization also used the building.
In 2024, the Florida Department of Transportation executed a quit claim deed handing over the property to JTA.
Shepler’s memo stated that with JTA opening newer facilities such as the Jacksonville Regional Transportation Center, the nearby Autonomous Innovation Center and a planned training center at Gateway Town Center, it no longer needed the building on Prudential Drive.
Shepler told the board that the 1.63-acre property had appraised at $1.78 million.
According to Duval County Property Appraiser records, the total assessed value of the building and land is $2.3 million. The two-story, 5,716-square-foot building was built in 1950 and is valued at $149,307.