Jacksonville-based Patriot Transportation Holding Inc. will move its headquarters Downtown this spring from Riverside Avenue.
Matthew McNulty, director of Southern real estate for Patriot, said Wednesday the company will relocate from the EverBank Building to the seventh floor of the BB&T Tower at 200 W. Forsyth St.
He said about 50 people will move into the almost 15,000 square feet of space.
The City issued a building permit to Dav-Lin Interior Contractors to build out space for Patriot at the BB&T Tower at a project cost of $341,475.
Patriot Transportation Holding is involved in transportation and real estate.
Its transportation business is conducted through subsidiaries, including Florida Rock & Tank Lines Inc., which is a Southeastern transportation company that hauls liquid and dry bulk commodities by motor carrier.
Its real estate group, through subsidiaries, acquires, constructs, leases, operates and manages land and buildings to generate current cash flow and long-term capital appreciation.
McNulty said Patriot has subleased space in the EverBank Building along Riverside Avenue since 2008 and the lease was expiring.
The company reviewed sites, primarily Downtown but also in the Southside, he said.
McNulty said Patriot is a longtime Jacksonville-based company. “We are excited to be part of the Downtown growth,” he said.
McNulty also acknowledged BB&T Tower’s management and renovations. “It seems like a great place for us,” he said.
He said Patriot signed a 10-year lease at BB&T Tower. Before moving to the EverBank Building, Patriot was based in MidTown Centre, formerly known as the Koger Center, between Atlantic and Beach boulevards near the St. Nicholas area.
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