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Jax Daily Record Tuesday, Aug. 11, 202005:10 AM EST

City reviewing build-out for Cantor Fitzgerald in Southside

The New York City-based financial services firm will open the Jacksonville office for international securities processing.

The city is reviewing a permit for a $369,040 build-out for financial services firm Cantor Fitzgerald in Capital Plaza in Southside Jacksonville.

Codes-ABC Inc. is reviewing plans for a 7,846-square-foot space at 10401 Deerwood Park Blvd. for code compliance.

Plans show the New York City-based firm will lease on the first floor of Building II.

JAX Chamber announced July 7 that Cantor Fitzgerald’s Jacksonville office will employ 80 people.

“After a significant amount of discussion and planning, Cantor Fitzgerald is pleased to open an office in Jacksonville,” said Thomas Anzalone, senior managing director and global head of operations at Cantor Fitzgerald, in the news release.

The operation will handle some of the Cantor Fitzgerald’s international security processing activities.

The Jacksonville City Council approved the project in May as Project Kodiak and the Florida Department of Economic Opportunity finalized it in June.

Newmark Phoenix Realty Group CEO Jim Sebesta said July 7 that Cantor Fitzgerald will lease about 10,000 square feet of office space in Capital Plaza.

He said the Newmark office in New York represented Cantor Fitzgerald in the lease negotiations.

JLL Executive Vice President Michael Loftin and Senior Vice President Preston Phillips represented the landlord in the transaction.

Council approved Resolution 2020-226-A on May 12 for $96,000 as the city’s financial support of a Qualified Target Industry Tax Refund. The state agreed to pay $384,000, for a total rebate of $480,000. That is $6,000 per job.

Cantor Fitzgerald agreed to pay an average annual salary of $74,209 for the jobs to be created by year-end 2021.

The company told the city it would invest about $1.2 million into real estate improvements, IT equipment, furniture and fixtures for the operation.

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