HOME
 
- 2014 - May - 29th -
-

Downtown in play for Citizens Property Insurance deal

By Karen Brune Mathis, Managing Editor

Downtown is in play for the large Citizens Property Insurance Corp. office

consolidation that could bring at least 900 jobs to the urban core.

Citizens Property has extended the boundaries for the site search, which had

been limited to a 5-mile radius from its Baymeadows area offices.

The boundary requirement is listed now as an 8-mile radius from Interstate

95 and Butler Boulevard. The company posted on its website Wednesday that it

had amended the requirements.

Because of that, Downtown buildings can compete for the deal.

Two weeks ago, EverBank Center's representative said during a pre-bid

conference the owners will bid to bring Citizens Property to the Downtown

tower if the boundaries are extended.

Citizens Property, which is a state government corporation that provides

insurance protection to Florida property owners, wants to consolidate and

expand offices in Jacksonville into about 226,400 square feet of office

space.

"We will definitely bid if they amend the boundaries to include Downtown

Northbank," said El Ad Florida LLC representative Pamela Smith, who

participated in a Citizens Property pre-bid conference May 15 about the

Invitation to Negotiate.

She raised the question about the company's requirement that the office

space be within a 5-mile radius of a Citizens Property office at 7215

Financial Way in Southside.

"We are eight miles," she said. "Can we submit a bid?"

Citizens Property Procurement Officer Patty Davis responded that Smith's

property was outside the boundaries but encouraged her to send the question

in writing so it can be considered.

The response posted Wednesday included Downtown. The radius stretches north

to Arlington, east to Hodges Boulevard, south to below Old St. Augustine

Road and west to Ortega.

Smith said EverBank Center, at 301 W. Bay St., has about 250,000 square feet

available from AT&T's departure.

Citizens will consolidate the four Jacksonville offices, which focus on

underwriting and claims operations, into one larger location along with 148

new IT jobs that will be shifted to Jacksonville from Tallahassee and Tampa.

Citizens Property wants to lease existing space preferably in a single

building or buildings in an adjacent complex or campus setting. It is

looking for 215,080 to 237,720 usable square feet.

Citizens Property leases 211,288 square feet of space in Jacksonville in

four buildings among Cypress Point, Cypress Plaza, and Corporate Center.

The landlord for Cypress Point Business Park will continue to evaluate the

invitation to negotiate, its broker said last week.

Bids are due by 2 p.m. June 24 and the company expects to start relocating

staff into the chosen building Jan. 1, 2016.

Last Week
Month
3 Months
Published for 26,535 consecutive weekdays
 
Bailey Publishing and Communications, Inc. Bailey Printing & Imaging Realty Builder Connection
Covering events in the Realty and Building communities in Northeast Florida.
10 North Newnan Street · Jacksonville, FL 32202 · (904) 356-2466 · Fax (904) 353-2628
© 2014 Bailey Publishing & Communications, Inc. All Right Reserved.

Privacy Policy · Refund Policy