Group RMC Acquires Office Building At 50 N. Laura Street In Jacksonville For $75.5M

The Bank of America Tower, located at 50 N. Laura Street in Jacksonville, was recently sold in a transaction on December 15, 2020. The office building, with a total square footage of 729,185, was purchased by Group RMC for a price of $75,500,000, resulting in a price per square foot of $104. The seller in this transaction was The Hertz Investment Group. The sale was facilitated by Mike McDonald of Cushman & Wakefield.

Summary of transation details

• Property Type: Office
• Transaction Amount: $75,500,000
• Square Footage: 729,185
• Price per Square Foot: $104
• Address: 50 N. Laura Street, Jacksonville
• Market: Jacksonville

The Bank of America Tower, standing at an impressive 42 stories, holds the distinction of being the tallest building in North Florida. This landmark property adds to the iconic skyline of Jacksonville.