- Associated Press - Saturday, July 12, 2014

JACKSONVILLE, Fla. (AP) - Jacksonville’s tallest building has a new owner.

The $88 million sale of the downtown Bank of America Tower to California investors was announced Friday.

The 42-story building was completed in 1990 and last sold for $74.7 million in 1999.

The Florida Times-Union reports (https://bit.ly/1weL9ik) the building is 69 percent occupied.

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Information from: The (Jacksonville) Florida Times-Union, https://www.jacksonville.com

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