One Deerwood acquired in Jacksonville

Price per square foot hits record

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One Deerwood, a 162,609-square-foot, class A office building in Jacksonville, Fla., has sold for an undisclosed amount. Taurus Stornoway Investments purchased the property from Prudential Real Estate Investors. Completed in 1999, One Deerwood was 97 percent leased at the time of sale to two tenants: CIT Group and BellSouth. The six-story property is situated on a 10.5-acre site at 10201 Centurion Parkway Drive in the Deerwood Park office development. According to a press statement, the property had been "recently improved to the height of technological innovation," which helped the seller achieve a "record-setting price per square foot." ...