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JEA extends deadline for generating site bids

By Karen Brune Mathis, Managing Editor

JEA extended the bid opening date for the purchase of its Southside Generating Station site from July 1 until at least September.

JEA posted on its site Monday that the new date will be announced in September. Proposals received in response to the July 1 date will be returned unopened.

JEA said it wants to provide time for the proposed access agreements to be officially considered and approved by the Duval County Public Schools, the Jacksonville Transportation Authority, the city and JEA.

The groups are working on an agreement involving land swaps and access to the Southbank Riverfront site.

The framework agreement is expected to be considered officially by the Duval County Public Schools in July, the JTA in August and the JEA board in September. The final agreement will need City Council approval.

JEA said the current structure of the agreement only addresses the right-of-way configuration and parcels that will be swapped or exchanged. It said funding for the new roadway has not been identified.

JEA is seeking proposals for the purchase and development of its 30-acre site or either of the two parcels within it.

Deutsche Bank is considered one of the potential projects in its site decision for a consolidated Jacksonville office campus.

Four sites bid for Citizens Property lease

Four properties, including the Downtown EverBank Center, are competing for the Citizens Property Insurance Corp. lease that would bring almost 950 employees to the chosen site.

El Ad Florida LLC, Ivy Investments LLC, CRT Baymeadows Ltd. and Crocker Partners submitted bids by the 2 p.m. Tuesday deadline.

The current landlords did not bid.

Ivy Investments submitted the highest bid for $62.97 million for property at 7960 Arlington Expressway, known as Three Oaks Plaza.

Crocker Partners bid $58.64 million at Freedom Commerce Centre, which is known as Prominence, in Baymeadows.

El Ad Florida, which owns EverBank Center, bid $34.95 million.

The lowest bid, at $31.66 million, was from CRT Baymeadows Ltd. at 8800 Baymeadows Way W.

Bid documents and details were not available.

The next step will be for the Citizens evaluation committee to review the proposals. A meeting is scheduled July 22 to determine which proposals the committee wants to bring in for presentations, said spokesman Michael Peltier.

Bids were due at 2 p.m. Tuesday.

Citizens Property Insurance intends to consolidate its Jacksonville operations, which have 800 employees, and move another 148 IT jobs into one large office. It was seeking bids through an Invitation to Negotiate.

Citizens Property is a state government corporation that provides insurance protection to Florida property owners. It was seeking about 226,400 square feet of space.

It now leases 211,288 square feet of space among four buildings in Cypress Point Business Park, Cypress Plaza and Corporate Center in the Baymeadows area. The offices comprise underwriting and claims operations

Citizens Property was seeking one building or buildings in an adjacent complex or campus setting. It said it would consider from 215,080 to 237,720 usable square feet of space.

Will Stout, vice president and partner of HGL Properties LP Ltd., which owns Cypress Point Business Park, said late Tuesday he has two of the leases totaling 99,500 square feet, but owners decided not to bid on the deal.

“We didn’t feel it was in the best interest of our property to bid,” he said, declining to elaborate.

“We appreciate them as a tenant, but we didn’t feel the ITN was suitable for our park,” he said.

Cypress Point Business Park is a 344,000-square-foot, eight-building office campus in the Butler Boulevard area. Along with Citizens Property, it leases to EverBank, US Assure and others, and recently announced two new tenants – ADT North America, at 10,000 square feet of space, and Selene Finance, at 34,200 square feet.

Citizens Property invited bids from within an 8-mile radius of its current offices. It initially limited the reach to 5 miles, but extended that to include Downtown after requests by EverBank Center’s representatives.

Cushman & Wakefield of Florida Inc. is the broker representing Citizens Property in Jacksonville.

The 27-page Invitation to Negotiate specified Citizens Property’s requirements.

Citizens Property expects its “best value determination” Sept. 10 and to begin moving staff into the new space July 1, 2015. The lease would start Jan. 1, 2016.

kmathis@baileypub.com

(904) 356-2466

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