Riverplace Tower – Recapitalization

Realized

Riverplace Tower is a 441,008 square-foot, 28-story, class-A office tower located in the Southbank submarket of Jacksonville, FL. LCP recapitalized the investment bringing in a new institutional joint-venture partner in November of 2016.

Investment Info

  • Status: Realized
  • Market: Jacksonville, FL
  • Property Type: Office
  • Square Footage: 441,008
  • Lingerfelt Role: General Partner
  • Strategy: Acquisition
  • Sub-Strategy: Lease-Up

Investment Metrics

  • Entry Date: November 29, 2017
  • Purchase Price: $53,400,000
  • Total Capitalization: $56,020,000
  • Exit Date: December 22, 2021
  • Exit Price: $73,200,000
  • Hold Period: 4 Years

Riverplace Tower - Recapitalization

1301 Riverplace Blvd, Jacksonville, FL, USA
Realized

Riverplace Tower is a 441,008 square-foot, 28-story, class-A office tower located in the Southbank submarket of Jacksonville, FL. LCP recapitalized the investment bringing in a new institutional joint-venture partner in… Read More