The city issued a permit April 24 for Marand Builders to renovate the Lakeside IV office building in Southside for Ally Financial.
The $20.8 million project involves renovating the five-story building at 12850 Gran Bay Parkway W. for the Ally Financial Operations Center.
LS3P Associates Ltd. of Savannah, Georgia, is the architect.
Ally Financial, through WGB LLC of Fort Washington, Pennsylvania, owns the property.
Marand Builders is based in Jacksonville Beach.
The scope of work involves reformatting and upgrading offices and conference, huddle and break rooms as well as restrooms.
The Duval County Property Appraiser shows the building, developed in 1999, totals 129,106 square feet of space.
The permit indicates that 65,211 square feet of space will be renovated.
In May 2020, Crocker Partners sold the Lakeside III and Lakeside IV office buildings in Flagler Center to Ally Financial Inc. for $49 million.
Ally Financial spokesperson Cristianna Vazquez said by email at the time that Ally was the sole occupant of both buildings, where it had 1,090 employees.
“This purchase will help Ally strengthen the common culture and collaboration across teams in a campus-like environment for its loyal and high performing workforce,” Vazquez said. “The transaction will also help Ally control long-term occupancy costs.”
Crocker, through two limited liability companies, bought the property in 2014 as part of a larger portfolio in Flagler Center.
Property records show Lakeside III, at 12808 Gran Bay Parkway W., is a four-story, 117,172-square-foot building developed in 2007 on 14.3 acres.
Lakeside IV, at 12850 Gran Bay Parkway W., is a five-story, 129,106-square-foot building developed in 1999 on 26.2 acres.
Web.com leased Lakeside III before moving to the Town Center Two building near St. Johns Town Center.
Ally Bank moved into that space and already leased Lakeside IV.
It is the rebranded GMAC, a name change that took place in 2010.
Ally bought the buildings through WGB Properties LLC.
Crocker Partners sold them through Lakeside III Associates LLC and Lakeside IV and V Associates LLC.