{"id":1004355320,"date":"2019-09-26T00:30:29","date_gmt":"2019-09-26T08:30:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004355320"},"modified":"2019-09-26T00:30:29","modified_gmt":"2019-09-26T08:30:29","slug":"hines-sells-north-florida-office-for-42m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-sells-north-florida-office-for-42m\/","title":{"rendered":"Hines Sells North Florida Office for $42M"},"content":{"rendered":"<div id=\"attachment_1004355332\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004355332\" data-attachment-id=\"1004355332\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-sells-north-florida-office-for-42m\/mckesson-headquarters\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg\" data-orig-size=\"677,507\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"McKesson Headquarters\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;McKesson Headquarters&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg?w=677\" class=\"wp-image-1004355332 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg\" alt=\"McKesson Headquarters\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg 677w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004355332\" class=\"wp-caption-text\">McKesson&#8217;s headquarters. <em>Image courtesy of Real Capital Solutions<\/em><\/p><\/div>\n<p>Hines has sold McKesson Corp.\u2019s headquarters in Jacksonville, Fla. Real Capital Solutions acquired the Class AA, 120,407-square-foot office building for $42.3 million, according to Duval County records. Public records also show the sale was subject to a $32 million loan originated by Bank of America.<\/p>\n<p>Located at 6651 Gate Parkway in the Intracoastal West submarket, the 7.7-acre property is roughly 13 miles southeast from downtown Jacksonville, easily accessible due to its proximity to Interstate 295 and J. Turner Butler Boulevard. St. Johns Town Center, with its wide array of shopping and dining options, is less than 4 miles north.<\/p>\n<p>The recently completed, four-story, LEED Silver building features 31,000-square-foot floorplates, collaborative workspaces for nearly 800 employees and&nbsp;walkable amenities.&nbsp;McKesson is the sole tenant, <a href=\"https:\/\/www.commercialsearch.com\/news\/mckesson-signs-for-north-fl-office-building\/\">having signed a 10-year lease<\/a> in 2018.&nbsp;The property is part of Hines\u2019 signature Southside Quarter, a 105-acre, live-work-play development that <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-breaks-ground-on-live-work-play-community-in-jacksonville\/\">broke ground<\/a> in 2017.<\/p>\n<p>This is the fifth recent purchase of a Florida office building for Real Capital Solutions.&nbsp;According to Vice President of Acquisitions Adam Abeln, the company has invested nearly $100 million in single tenant net lease properties over the last five months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The newly constructed, 120,407-square-foot development in Jacksonville is McKesson Corp.\u2019s headquarters. The company signed a full-building lease in 2018. <\/p>\n","protected":false},"author":870,"featured_media":1004355332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1591,21742,21747],"tags":[33250,32797,32779,37909],"class_list":["post-1004355320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-jacksonville","category-latest","category-office","tag-bank-of-america","tag-hines","tag-leed","tag-real-capital-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hines Sells North Florida Office for $42M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-sells-north-florida-office-for-42m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Sells North Florida Office for $42M\" \/>\n<meta property=\"og:description\" content=\"The newly constructed, 120,407-square-foot development in Jacksonville is McKesson Corp.\u2019s headquarters. The company signed a full-building lease in 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-sells-north-florida-office-for-42m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-26T08:30:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/McKesson-headquarters-e1569423343814.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"677\" \/>\n\t<meta property=\"og:image:height\" content=\"507\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-sells-north-florida-office-for-42m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-sells-north-florida-office-for-42m\\\/\"},\"author\":{\"name\":\"Adriana Marinescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"headline\":\"Hines Sells North Florida Office for $42M\",\"datePublished\":\"2019-09-26T08:30:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-sells-north-florida-office-for-42m\\\/\"},\"wordCount\":207,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-sells-north-florida-office-for-42m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/09\\\/McKesson-headquarters-e1569423343814.jpg\",\"keywords\":[\"Bank of America\",\"Hines\",\"LEED\",\"Real Capital Solutions\"],\"articleSection\":[\"Deals\",\"Investment\",\"Jacksonville\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-sells-north-florida-office-for-42m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-sells-north-florida-office-for-42m\\\/\",\"name\":\"Hines Sells North Florida Office for $42M - 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