[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”]

Graham & Co. and investors sell prominent office building in Jacksonville for $30 million.
Graham & Co. and investors sell prominent office building in Jacksonville for $30 million.
Class A office continues to be a hot product nationwide.

Birmingham-based Graham & Co., along with other investors, took advantage of the favorable market conditions this week by selling a 14-story office building in Jacksonville, Fla.

BP Graham LLC sold the building at 550 Water Street to CSX Corp. for $30 million.

The seller’s LLC is comprised of the principals at Graham & Co. and a group of undisclosed investors. The corporation had owned the building since 2007.

CSX Corp. occupies 11 floors of 234,310-square-foot building, which serves as the company’s main IT and Intermodal facility, supporting over 800 employees.

CSX Corp. has its headquarters in a building adjacent to 550 Water Street.

Graham & Co. is still very active in the Jacksonville market, owning and managing three buildings at a total of a half million square feet.

Those buildings are First Coast Distribution Center, Bayberry Industrial Park and 6800 Southpoint Parkway Center.

[/fusion_builder_column][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][ Read article at bizjournals.com][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]