The PHH Mortgage building at 5201 Gate Parkway in Southside is available for complete sublease, although lead tenant PHH Mortgage continues operating — and hiring.
The CBRE Inc. real estate company has listed the building’s 150,000 square feet of office space for sublease. The building includes a fitness center and cafeteria.
A PHH Mortgage spokesman has not returned calls or emails for comment.
The building is managed by Lingerfelt CommonWealth Partners, which manages a large portfolio of properties in Jacksonville
Dan Santinga, Jacksonville director of leasing for Lingerfelt CommonWealth Partners, said he could confirm that PHH Mortgage is planning to downsize to 80,000 to 100,000 square feet “and actively exploring various options,” including remaining within the three-story building. The PHH lease expires Nov. 30, 2016.
If PHH Mortgage moves, it would have options within Lingerfelt CommonWealth’s many properties.
Lingerfelt CommonWealth leases and manages the former Liberty Property Trust office and industrial space in Jacksonville, a 2.1 million-square-foot portfolio of office, flexible-use and industrial space, including 32 Southside buildings.
The PHH Mortgage building is part of that.
In October, Lingerfelt CommonWealth Partners bought the 28-story Riverplace Tower on the Downtown Southbank.
Meanwhile, PHH Mortgage is advertising for jobs.
The company plans a “Career Open House” at the Gate Parkway building from 4-8 p.m. Feb. 3 for mortgage sales consultants, loan processors, underwriters, closers, business support representatives, originations supervisors and more.
In 2013, New Jersey-based PHH cut a third of its Jacksonville workforce, notifying the state it would lay off 365 positions in Jacksonville, leaving it with about 700 local employees. It’s unclear how many employees it now has in the area.
Opening the entire building for sublease raises the question whether Deutsche Bank, which continues to expand in Southside, might be a prospect.
Deutsche Bank leases the entire five-building Meridian Business Park at 5022 Deerwood Park Blvd., near the PHH Mortgage building.
The global financial services company also leases space from Lingerfelt CommonWealth in the Butler Plaza campus nearby along Belfort Road.
Real estate observers are waiting for Deutsche Bank’s decision whether to develop an office campus.
A site long speculated to be of interest is property near the PHH Mortgage building.
Deutsche Bank declined comment.
$4.6M Ecolab building nearing construction
Plans proceed for the Ecolab Inc. office-warehouse in North Jacksonville.
The city is reviewing the building-permit application for the almost $4.6 million project to build the shell warehouse, identified on plans as “Tract 4 – Jacksonville International Tradeport.”
The 126,948-square-foot warehouse will be built on almost 9.5 acres at 13500 Tradeport Circle E. The property owner is Thackeray Partners of Dallas.
Richard C. Haskew is the contractor. Jarzyna & Associates of Amelia Island is the architect.
Ecolab, a St. Paul, Minn.-based company, proposes to lease a build-to-suit facility in the Tradeport Industrial Park for its Microtek Medical division.
Previous site plans showed the building will comprise 10,000 square feet for offices and 116,948 square feet for warehouse space.
Interior build-out would be permitted separately.
Ecolab and the landlord committed to a $9 million investment at the site in the Jacksonville International Airport Community Redevelopment Area. City Council adopted a resolution for Ecolab to receive $214,000 in tax breaks to add 35 jobs in moving to the Tradeport site from Southside.
Ecolab committed to a private capital investment of $1.5 million, with a landlord private capital investment of $7.5 million for construction.
Ecolab is a water, hygiene and energy technologies and services company. Microtek Medical, its medical device health care division, in 2007 and has been operating in an 88,000-square-foot facility on A.C. Skinner Parkway. It employs 55 people there.
Charter school planned in Flagler Center
The city is reviewing plans for a Renaissance Charter School in Flagler Center. It would be the seventh in the area.
Plans show developer Red Apple at Deerfield LLC of Fort Lauderdale will develop the two-story school on almost 11 acres a along Flagler Boulevard. It would include a basketball court, recreation field and tot lot.
The area schools are governed by Renaissance Charter School Inc. and are members of the Charter Schools USA family of schools.
The charterschoolsusa.com site shows six schools in Duval County, with one each in Arlington, Mandarin, Westside and Southside and a K-8 school and high school in Baymeadows.
Summit Construction Management of Orlando is shown on plans as a developer. Thomas Hankinson with Summit is the contact. Hankinson and Charles Cordes are managing members of Charter Schools Development Group LLC.
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