Property Overview: Riverplace Tower is a 28 story, 445,000 square foot Class-A office tower located directly on the waterfront of Jacksonville's South Bank. Originally constructed in 1967 for an owner user, the building has historically been one of the premier office assets in Jacksonville. The building is 90% leased to a diverse roster of credit tenants.
Investment Overview: Acram Group is bullish on the macro-economic story of Jacksonville and purchased the Property for its strong in-place cash flow, the opportunity to bring rents to market, and its invaluable location on the St Johns River. Additionally, a 2.2 acre surface parking lot adjacent to the Property offers the potential opportunity to develop up to 400 multifamily units.
1301 Riverplace Tower
445,000 sf Office Building