The St. Joe Company has purchased the Beckrich I and Beckrich II office buildings located at the intersection of Richard Jackson Boulevard and U.S. 98 in Panama City Beach, Florida.
The two, 2-story buildings situated on approximately 5.5 acres, total over 67,000 net leasable square feet and 278 parking spaces. The buildings were originally completed in 2003. Current tenants include Sacred Heart Health System, AECOM, and Community Bank, among others.
Jorge Gonzalez, the Company’s President and Chief Executive Officer, stated, “This acquisition demonstrates St. Joe’s long term commitment and optimism about Panama City Beach and Bay County.” Mr. Gonzalez added: “These two quality-built office buildings are strategically located to serve the continued growth of the area and the needs of prospective tenants.”
The Class “A” office buildings have space available for lease, ranging in size from 1,000 square feet to over 11,000 square feet, accommodating a wide variety of users. The buildings are located in close proximity to restaurants, shopping, schools, healthcare facilities and growing residential communities like Breakfast Point.