Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Florida & Gulf Coast  + North Florida  + Office  | 
JEA tower on auction block

Former Jax Power Co. HQ on the Block

The 19-story tower that once housed employees of the Jacksonville Energy Authority (JEA) is now open for bids. JEA moved its Customer Solutions Center and corporate offices to a seven-story building at 225 N. Pearl St. in April 2023. The Jacksonville Business Journal reports the JEA is looking for respondents to convert the office building into apartments.

Respondents are required to document their experience and success in similar projects, which may include downtown, urban core redevelopment or adaptive reuse, positioning another downtown corner for revitalization.

JEA Board will decide whether to approve a purchase and sale agreement for the 347,811-square-foot tower at 21 W. Church St., the former six-story customer center and the Adair Building, a parking garage with around 500 parking spaces and retail space at 421 Laura St. JEA staff will negotiate the agreement based on the recommendation of the evaluation committee.

Connect

Inside The Story

JEA

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition