From the Daily Record
Australia-based Macquarie Group intends to open a 123-job global finance services office Downtown by year-end.
The Jacksonville City Council approved taxpayer incentives of $393,600. Macquarie has asked for $1.37 million in state incentives.
In return, the company pledges to pay an average wage of $64,356 with an average benefits package of $20,000. The jobs would be created by the end of 2017.
Jacksonville was selected for its talent pool, quality of life, climate and availability of airline flights to Macquarie’s U.S. headquarters in New York, said U.S. Country Head Michael McLaughlin.
Some Macquarie executives will be relocating to Jacksonville, but most of the hires will be local.
Based in Sydney, Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services on behalf of institutional, corporate and retail clients.
It was founded in 1969 and employs about 14,000 people.
Deutsche Bank seeks $5.5M in incentives to add 475 jobs
Deutsche Bank is asking for city and state incentives of almost $5.5 million to add 475 jobs in “multiple, to be determined locations” in Duval County.
The new jobs would boost the company’s Jacksonville payroll to 2,124 employees by the end of 2017.
The jobs would pay an average wage of $64,356 and a benefits package of $18,020.
The financial services company today leases the Meridian Business Park along Gate Parkway. It expects to occupy a project site of 150,000 square feet of office space if it chooses Jacksonville for expansion.
Shopping Center to replace Golden Corral on Beach
A closed Golden Corral along Beach Boulevard near Regal Theaters will be demolished and a shopping center will go up in its place.
Owner John Cothran of South Carolina plans to build a 15,100-square-foot center that should open in early 2016. Killashee Investments is representing Cothran as the leasing broker and will manage the property when it opens.
Golden Corral Corp. bought the property in January 1999 and sold it to Cothran as a sale-leaseback the following June. The restaurant closed in April 2014.
Sub-Zero SE distribution lands in Jacksonville
Sub-Zero Group Inc. will consolidate its Atlanta and Orlando distribution in North Jacksonville.
Sub-Zero and its Wolf Appliance Co. will ship its luxury kitchen and cooking appliances, along with a line of cleaning products and ventilation hoods, out of leased warehouse space at 2855 Faye Road.
John Bergquist, president of Sub-Zero Group Southeast Inc., said Jacksonville is logistically the center of its Southeast territory and the company decided to consolidate two smaller warehouses to one larger one.
The city is reviewing a building-permit application to renovate almost 120,000 square feet of office and warehouse space at a cost of $1.5 million. The project would take almost a third of a 365,000-square-foot mega-warehouse, near JaxPort shipping terminals.
Gatlin Development opens headquarters in Riverplace Tower
Gatlin Development Co. opened its Riverplace Tower office Downtown, officially making Jacksonville its new corporate headquarters.
Founded in 1976 and formerly based in Fort Lauderdale, Gatlin Development specializes in shopping center development, management and renovation in Florida and several other states.
The company developed the Jacksonville-area Walmart Neighborhood Markets and is developing Collins Plaza, the Southwest Jacksonville center that will be anchored with a Wal-Mart Supercenter.
McKesson Medical-Surgical to close Westside distribution center
McKesson Medical-Surgical will close its Westside Industrial Park distribution center at the end of September and consolidate the functions into its Chicago-area operation.
The company leases a 168,500-square-foot center in the business park. It was formerly used by Jacksonville-based PSS World Medical Inc., which McKesson Corp. acquired in 2013. The center served the Eastern U.S., distributing medical-surgical supplies and equipment to physicians’ offices and other health care settings.
McKesson Medical-Surgical said it would continue to lease space in the nearby Enterprise Park building at 4190 Belfort Road. The space serves as a field support office for accounts receivable, IT, marketing and more.
Episcopal School launches $18M capital campaign
The Episcopal School of Jacksonville has launched an $18 million “Lead the Way” capital campaign to upgrade its campus and its sports complex on Atlantic Boulevard.
The money would pay for a new more visible entrance to its Munnerlyn Campus and for a new entrance and development of its Knight Sports Complex, two miles up the road. Today the sports complex holds just a few fields.
The Board of Trustees, faculty and staff have backed the fundraising and a communitywide push is planned for early winter.
Bealls opening coastal-living concept store in Jacksonville
Bealls Inc. has signed a lease at St. Johns Town Center to open Bunulu, a new active coastal lifestyle clothing and accessories concept.
Bunulu is an Aboriginie name for a place of water. The store will feature such brands as Patagonia, Columbia and The North Face. It also will carry items like Yeti coolers, GoPro cameras and sunglasses.
Jacksonville was chosen as one of four test markets in Florida.
Located in the space formerly occupied by Fossil, the Jacksonville store should open Oct. 15.
Read the full stories at jaxdailyrecord.com.