Raymond James seeks $13M from former landlord
Raymond James and Associates Inc. started moving from the Downtown office tower at 50 N. Front St. that bore its name in 2019. (Jim Weber/The Daily Memphian file)
Raymond James and Associates Inc. has filed a lien against the Downtown office tower that used to bear its name, a move which could further complicate the building’s redevelopment.
The St. Petersburg, Florida-based financial services company is seeking more than $13 million from the owner of 50 N. Front St., formerly known as Raymond James Tower.
New York-based developer Jacob Sofer, operating as 50 N. Front Street LLC, owns the 336,483-square-foot Downtown office tower and has been working to redevelop it, most recently as apartments.
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Raymond James Raymond James Tower Jacob Sofer 50 N. Front St. Mirable Capital LLC Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Andy Ashby
Andy Ashby covers commercial real estate and economic development. He has worked locally at the Germantown News, the DeSoto County Tribune, the Daily News and the Memphis Business Journal. He graduated from the University of Tennessee, where he photographed the 1998 National Championship game. Email tips or story ideas to aashby@dailymemphian.com
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