London-based Paysafe Ltd. appears to be setting up its North American headquarters in Town Center Two, the St. Johns Town Center-area office building owned by Dun & Bradstreet Inc.
The city is reviewing a permit for DPR Construction to demolish and build-out the 38,000-square-foot fourth floor of the six-story building at 5335 Gate Parkway.
The demolition cost is $70,000 and the build-out is listed at $2.5 million.
M Moser Associates of Durham, North Carolina, is the architect. DPR Construction is in Redwood City, California.
The contact is Paysafe Payment Processing Solutions LLC of London.
Dun & Bradstreet paid $76.5 million on June 30, 2021, for the six-story, 218,700-square-foot building where the global financial services and data analytics firm moved its headquarters.
When JAX Chamber announced in November it brokered a deal with global mobile and online payment provider Paysafe Ltd. to open its North American headquarters in Jacksonville, chamber CEO Daniel Davis said it would “bridge the London/Jacksonville divide.”
Less than a month later, City Council approved a $10.1 million cash incentives package to finalize the company’s North American headquarters consolidation in Jacksonville. That was in addition to $3 million from the state’s High Impact Performance Incentive program.
Founded in 1996, Paysafe offers payment processing, digital wallet and online cash solutions.
Paysafe says it is bringing 600 jobs to Northeast Florida. It is posting job openings on paysafe.com.
The company has ties to Fidelity National Financial Chairman Bill Foley and leadership of other affiliated companies like Black Knight, Jacksonville-based Fidelity National Information Services and Dun & Bradstreet.
Paysafe says it has annualized transactional volume of more than $130 billion as of 2022 and about 3,300 employees in more than 12 countries. It says it connects businesses and consumers across more than 250 payment types in more than 40 currencies around the world.
It is geared toward mobile-initiated transactions.
At the JAX Chamber news conference, Paysafe said some jobs will be created and some employees will transfer from other offices over the next three years. It expects to have 200 employees by the end of 2023.
Paysafe CEO Bruce Lowthers said at the time the company was in negotiations for office space.
Before becoming Paysafe CEO in May, Lowthers spent 15 years at Jacksonville-based Fidelity National Information Services.
There are more Paysafe connections to Jacksonville.
In March 2021, Paysafe merged with Foley Trasimene Acquisition Corp. II.
Foley Trasimene is a special purpose acquisition company, or SPAC, that was founded by Bill Foley, chairman of Fidelity National Financial Inc.
Dun & Bradstreet CEO Anthony Jabbour, who also is the executive chairman of Black Knight, is on the Paysafe board of directors.
Paysafe is traded on the New York Stock Exchange as PSFE.
According to its website, it has U.S. offices in Atlanta, Miami, Houston, Irving and Westlake Village, California, Minden, Nevada, and Tampa/Clearwater.
Dun & Bradstreet said in a June 2021 news release it chose the building, developed in 2019, with the company’s growth and sustainability plans in mind.
The company, which relocated from Short Hills, New Jersey, provides business 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,” Jabbour, Dun & Bradstreet CEO, said in the release.
At the time, Newmark Phoenix Realty Group’s marketing brochures showed that at least 73,400 square feet of space was available for sublease in Town Center Two on the fourth and sixth floors.
Dun & Bradstreet uses the third and sixth floors and part of the first.
SoFi, a California-based personal finance products company, subleases the fifth floor.
Jacksonville-based Newfold Digital leases the second floor and part of the first.