NationsBank has put up for sale its 42-story downtown office tower here, with the intent of leasing it back.

NationsBank acquired the 670,000-square-foot building with Barnett Banks, which it bought at the beginning of the year. It subsequently merged with BankAmerica Corp., but still uses the NationsBank name in certain markets, including Jacksonville.

A local newspaper said the building is assessed at $59.7 million and could sell for as much as $70 million.

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