Posted on 9/17/2021 by Karen Brune Mathis at Jacksonville Daily Record
Through Hanania Riverplace LLC, Hanania paid $20.67 million for the 10-story office building and six-level garage at 1200 Riverplace Blvd.
Bank of America financed the deal through an almostĀ $14.47 million mortgage and security agreement.
The deed was executed Aug. 26 and the mortgage was made Aug. 31.
Hanania bought the property from LCP 1200 Riverplace LLC., which is Lingerfelt CommonWealth Partners of Virginia.
The building has 200,627 square feet of rentable space, with 120,000 square feet available for lease.
Fashion retailer Stein Mart Inc. vacated it last year after filing bankruptcy.
Hanania, owner and CEO of Jacksonville-based Hanania Automotive Group, intends to move his headquarters into about 10,000 square feet of space, continue to lease to existing tenants and recruit more companies.