Consolidated-Tomoka buys Jacksonville office building

DAYTONA BEACH — Consolidated-Tomoka Land Co. has purchased a five-story office building along the St. Johns River in Jacksonville.

The Daytona Beach-based company paid $25.1 million using available cash for the multi-tenant building at 245 Riverside Ave. in Jacksonville, according to a news release. The building was constructed in 2003 and is 99 percent leased. Tenants include Raymond James, Northwest Mutual and Dixon Hughes Goodman, a certified public accounting firm.


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