Bank of America Tower sold for $88M

Updated:

JACKSONVILLE, Fla. —

The Back of America tower was sold for $88 million.

The Bank of America tower has been Jacksonville’s perennial skyline landmark since its completion in 1990. The granite-clad office tower is 696,672 square feet and 42 stories. 

The sale was announced by Parameter Realty Partners on Friday. 

“Our investment in a number of physical and procedural improvements, and undertaking energy conservation measures, resulted in measurable utility savings for the building and the building became the first office tower in Jacksonville to achieve LEED certification in 2011,” said Darryl Parmenter, Chairman and Chief Executive Officer of Parmenter Realty Partners.

The Bank of America tower received the BOMA’s ‘Outstanding Building of the Year’ award nine times in the last 15 years. The building also received BOMA’s ‘Best of the Best’ in 2002, BOMA’s ‘7-Point Challenge', and the prestigious 'BOMA 360' designation.