Richmond-based Lingerfelt CommonWealth Realty Partners LLC has acquired the Stein Mart Building in downtown Jacksonville, Fla., for $23.6 million.
Headquarters to retailer Stein Mart Inc., the 10-story, 196,649-square-foot office building has an adjacent six-story parking garage. It is currently nearly 96 percent occupied.
The building is located in Jacksonville’s Southbank area along the St. Johns River and the newly constructed Southbank Riverwalk.
