Jul
03
One Enterprise Center Commands $15M
ByThe LEED Silver certified asset was 51 percent leased at the time of the sale. Transwestern’s John Bell worked on behalf of the seller in the negotiations.
Transwestern brokered the $15.2 million sale of One Enterprise Center, a 317,571-square-foot, Class A officetower in downtown Jacksonville, Fla. According to public records, the buyer was Rosecrans 2004 LLC, an entity affiliated with Los Angeles-based Michael Development Corp. The seller was 225 Water Street West Holdings LLC, an entity connected to CWCapital Asset Management LLC.
LEED SILVER CERTIFICATION
Located at 225 Water St., the 22-story building was completed in 1985 and underwent cosmetic improvements in 2004, Yardi Matrix shows. The LEED Silver certified asset features a marble lobby, a glass atrium dome with a tower directly connected to a 354-key Omni Hotel and a parking ratio of 2.26 spaces per 1,000 square feet…
