Choate Construction Co. was the high bidder July 15 for the Berkman II property along the Downtown Northbank at 500 E. Bay St.
Choate bought the property for $5,125,800, according to the Duval County Clerk of Court.
The sale comes after previous property owner PB Riverfront Revitalization of Jacksonville LLC filed for Chapter 11 bankruptcy March 22 in the U.S. Bankruptcy Court, Middle District of Florida.
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