The city issued a permit Dec. 8 for Dav-Lin LLC to build-out tenant space for Stellar Energy’s headquarters space at the former Allstate Campus at a project cost of $2.635 million.
The permit shows Jacksonville-based Stellar Energy is building-out about 13,000 square feet of space on the seventh floor and a limited scope of about 1,600 square feet on the eighth floor at 4920 San Pablo Road S. Plans show the seventh-floor work at closer to 14,000 square feet of space.
Trevato Development Group announced May 31 it bought the Allstate Campus office park on 30 acres near Mayo Clinic in Florida for $20 million and signed Jacksonville-based Stellar Energy as the anchor tenant.
Trevato said the new Stellar Energy headquarters will lease 34,600 square feet of space on the top two floors of the main eight-story building.
Stellar Energy is now based at 3015 Hartley Road in the Mandarin area of Jacksonville.
“As a critical ingredient brand in a large, multinational corporate ecosystem, this innovative approach to real estate is exactly the kind of environment we naturally thrive in,” said Stellar Energy Executive Chairman Peter Gibson in the May news release.
Stellar Energy says it works with companies and public utilities worldwide to reduce energy costs, optimize energy performance and prepare for energy needs.
It analyzes, designs, constructs, fabricates, integrates, installs, operates, maintains and services energy systems.
Jacksonville Beach-based Trevato said the property, also shown as 1776 American Heritage Life Drive, off San Pablo Road, comprises three buildings that total 235,484 square feet of commercial space.
It bought the property from American Heritage Life Insurance Co., a subsidiary of Northbrook, Illinois-based Allstate.
Duval County property records show two of the buildings – eight floors and two floors – were developed in 1994 and the third – five floors – in 2001.
Trevato Director of Operations and Portfolio Katelyn Taylor said in the release that Trevato had pre-leased more than 120,000 square feet of total space based on its plans “to reimagine the campus to lifestyle office.”
Trevato anticipated renovations to begin in the fourth quarter of 2023.
It said it was rebranding the property and completing designs, but could not provide details nor share information about other prospective tenants.
The release said the design and architecture team includes CD+urban studio architects/placemakers, headquartered in Jacksonville, as well as Chicago-based Valerio Dewalt Train, serving as the lead architect and designer on the project.
The CBRE real estate company will manage leasing for the development. Vice President of Office Leasing and Sales Billy Kuntz will lead the efforts.
CBRE Senior Vice President Mike Harrell represented the seller in the deal, Trevato said.
Allstate also is making tenant improvements at the campus.
The city is reviewing a building permit for improvements to 23,190 square feet of space for Allstate at an estimated project cost of $1.3 million.
Plans show Allstate is remodeling existing space on the third, fourth and fifth floors in the five-story, 51,900-square-foot Building C.
The space is for Allstate Benefits, part of Allstate Insurance Co.
GastingerWalker of Kansas City, Missouri, is the architect.
Jacksonville-based American Heritage Life Insurance Co. developed the property when it relocated its headquarters from Downtown.
Allstate Corp. completed its $1.1 billion acquisition of American Heritage Life Investment Corp., a holding company for the insurance company, in October 1999.
“Allstate employees have more choice about where they work, and we no longer need as much office space,” Allstate said in a statement June 6.
It did not detail how much space it uses and for which functions.
“We’ll continue to utilize a portion of the Jacksonville office for employees who choose to work in person,” it said.