TPG affiliate acquires Jacksonville, Fla., office towers for $107M

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TPG affiliate acquires Jacksonville, Fla., office towers for $107M

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The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

13 Jan, 2020

Author Ali Imran Naqvi
Theme Real Estate

An affiliate of TPG Capital LP acquired two office towers in Jacksonville, Fla., from VanTrust Real Estate LLC for $107.1 million, the Jacksonville Business Journal reported.

The affiliate acquired Town Center One at 5555 Gate Parkway for $42.6 million and Town Center Two at 5335 Gate Parkway for $64.5 million. The two office towers are anchored by Web.com Group Inc. and Availity.

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TPG affiliate acquires Jacksonville, Fla., office towers for $107M