Dun & Bradstreet Inc. paid $76.5 million on June 30 for Town Center Two, its new global headquarters office in Jacksonville.
The company announced the purchase June 30 but did not disclose the price. The deed was recorded July 15 with the Duval County Clerk of Courts.
The 218,700-square-foot building is on 14.38 acres at 5335 Gate Parkway across Butler Boulevard from St. Johns Town Center.
Dun & Bradstreet said in a news release it chose the building, developed in 2019, with the company’s growth and sustainability plans in mind.
Dun & Bradstreet bought the property from Jacksonville Town Center 2 Propco LLC, part of TPG Real Estate of San Francisco.
TPG paid $64.5 million for it in January 2020.
Dun & Bradstreet, which will relocate from Short Hills, New Jersey, provides business decisioning data and analytics worldwide.
“We are proud to be owners of the Town Center II building, a recently developed property that meets the highest standards of energy efficiency and sustainability today, and is located in one of the fastest growing areas of Jacksonville,” Dun & Bradstreet CEO Anthony Jabbour said in the release.
“We look forward to playing an active role in the community and building our workforce with local talent who can bring differentiated experiences, skills and strategic insight to help us continue to innovate and grow. We would like to extend our thanks to the city of Jacksonville and the state of Florida for their hard work to create the incentives to make this possible.”
Dun & Bradstreet expects to open its new headquarters this summer.
The company is hiring for the 500 jobs. It asks applicants to visit the dnb.com site.
Dun & Bradstreet has 6,000 employees worldwide in North America, Europe and Asia-Pacific.
Foundry Commercial represented Dun & Bradstreet in the company’s global headquarters relocation to Jacksonville.
Brad Chrischilles, principal and director of Foundry’s Jacksonville office, represented Dun & Bradstreet during the transaction.
“We’ve long known the benefits of this North Florida market, and it’s encouraging to see global companies taking notice,” he said in a news release.
Dun & Bradstreet said in its incentives application to the city it would spend $67 million for an existing building.
The company announced plans May 20 to relocate its corporate headquarters to Jacksonville and invest $75 million to include the real estate purchase and $8 million in tenant improvements, IT equipment, furniture and fixtures.
The city and state committed $25 million in taxpayer incentives for the deal.
City Council approved a $21 million incentives package June 22. It comprises a $12 million Headquarters Retention Grant, a $6 million Relocation Grant and a $3 million Target Industry Grant.
The state committed a $4 million High Impact Performance Incentive Grant.
Dun & Bradstreet was acquired in 2019 by an investor group including Jacksonville-based Black Knight Inc., which remains a significant investor in the company.
