Prudential Tower on downtown Jacksonville's Southbank has new owner - Jacksonville Business Journal

A Chicago-based commercial real estate firm has acquired the Prudential Insurance tower on downtown Jacksonville's Southbank.

“This is our second major acquisition in Jacksonville and as opportunistic investors, 701 San Marco presents us a great opportunity — through targeted capital investments and innovative thinking — to reinvigorate and reimagine such an iconic and visually striking property,” Bradford Allen principal Jeffrey Bernstein said in a statement. “This acquisition brings our Jacksonville footprint to just over one million square feet and represents our faith in the continued resurgence of the Southbank.

Built in 1985, the property was acquired by Prudential Insurance Company Of America in 1996, according to real estate data company Reonomy.

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