Consolidated-Tomoka Land Co. purchased a class A office building for $25.1 million. Located at 245 Riverside Avenue in Jacksonville’s Riverside neighborhood, the office building covers 137,000 square feet and was built in 2003. At the time of closing, the building was 99 percent leased to tenants like Raymond James, Dixon Hughes Goodman, Jacobs Engineering Group and Northwestern Mutual. The property will be leased and managed by CBRE.
