JACKSONVILLE, Fla. -

The 42-story Bank of America Tower downtown is under contract and the sale could be completed in July, pending due diligence by the unidentified buyer, Channel 4 news partner the Jacksonville Financial News and Daily Record reports.

The Daily Record, citing four unnamed sources familiar with the deal, reports the tower at 50 N. Laura St. could be sold in a month.

The tower has been for sale at least since February.

It was built in 1990 and has more than 700,000 square feet of space.

The tower's 2014 market value in progress is $73.6 million, according to the Daily Record. It last sold in 1999 for $74.7 million.

To read the full story, go to the Daily Record's website.