Development notes: SunTrust plans no immediate changes in wake of VyStar deal

Mueller Industries Inc. is joining Alta Lakes Commerce Center; Pita Pit taking former Firehouse Subs space.

  • News
  • Share

SunTrust said there are no immediate changes in its Downtown location or building signage in the wake of VyStar Credit Union agreeing to buy and move its headquarters into the 358,278-square-foot SunTrust Tower at 76 S. Laura St.

The lease expires in July 2019. VyStar President and CEO Brian Wolfburg said SunTrust leased about 65,000 square feet of the building until it sublet space to Jacksonville University. Wolfburg said SunTrust’s lease will drop to about 35,000 square feet.

A SunTrust spokesman said the company will provide an update about its office space in the coming months.

More development

▪ VyStar Credit Union is preparing to build a 2,800-square-foot branch in Bartram Park. The city issued a Conditional Capacity Availability Statement for the 1.4-acre project. Prosser Inc. is the civil engineer. The site is in the Shoppes at Bartram Park. VyStar bought the property in May from 121 Financial Credit Union for $1.5 million.

▪ The deed was recorded Friday for Caliber Collision, through Cross Development CC Jacksonville St. Augustine LLC, to buy the Boxtown Brite Lite LLC facility at 3633 St. Augustine Road to develop a nondrive collision-repair center. Caliber Collision paid $1.31 million on June 4 for the 1.14-acre property.

▪ Liberty Storage Jacksonville San Marco LLLP of Orlando bought 2.5 acres at 1820 Kings Ave. in the San Marco area for development of a self-storage center. It bought the land June 12 for $1.42 million from Finley & Shell Properties LLC.

▪ Mueller Industries Inc. is joining Alta Lakes Commerce Center in North Jacksonville. The city issued a permit Monday for Dav-Lin Interior Contractors Inc. to build-out space for the Memphis-based industrial manufacturer at a cost of $402,225. The company will lease 48,075 square feet of warehouse and office space at 2550 Cabot Commerce Drive in Building 2. Mueller Industries makes plumbing, HVAC, refrigeration and industrial products. Plans show Mueller Industries is one of four tenants in the building.

Food note

Pita Pit is taking the former Firehouse Subs space in Centurion Square at 8380 Baymeadows Road, No. 8. The city issued a permit for Suncoast Industrial & Construction Services to build-out the 1,763-square-foot space at a cost of $139,859. Firehouse Subs opened a new location across the street in Baymeadows Corner.