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
RealizedRiverplace 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