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Jax Daily Record Friday, Nov. 20, 202005:10 AM EST

Build-out approved for Freedom Mortgage in Baymeadows

The company will lease a floor at 8787 Baypine Road in the building where Florida Coastal School of Law operates.

The city issued a permit Nov. 17 for Adams Interior Contractors Inc. to renovate the fifth floor at the 8787 Baypine building in Baymeadows for Freedom Mortgage.

Freedom Mortgage, a mortgage processor, will lease 46,200 square feet of space. The permit shows a build-out cost of $469,920 at 8787 Baypine Road.

Hota Design Studio LLC is the architect.

Freedom Mortgage now leases 25,000 square feet at 6800 Southpoint Parkway for the division that is relocating.

Asked for more details, Marlton, New Jersey-based Freedom Mortgage issued a statement Oct. 23 from its president.

“We are excited about our current team in Jacksonville and the future opportunities for expansion,” said Stanley Middleman, Freedom Mortgage president and CEO.

Freedom Mortgage is a national mortgage provider licensed in all 50 states.

The company has been listing Jacksonville job openings for servicing, underwriting, IT and retail.

Foundry Commercial represents the 8787 Baypine landlord. 

Foundry Principal Brad Chrischilles said Oct. 23 that he expects Freedom Mortgage to move in during December or January.

Florida Coastal School of Law, which has been downsizing, uses two floors of the five-story building and occupies it in a sale-leaseback.

Chrischilles said two floors remain available for lease at the building. 

A Florida Coastal affiliate bought the building in 2005 and sold it in 2011 to Angelo Gordon & Co. LP in New York City. It owns the building through as AGNL FCSL LLC. 

The law school continues as a tenant.

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