One Tower Court, the Jacksonville Jaguars new headquarters office building next to the Four Seasons Hotel and Private Residences, signed another tenant – Timucuan Asset Management Inc.
The Jacksonville-based private investment firm will lease about 7,034 square feet on part of the top floor of the six-story building under construction at 1 Tower Court, which is off East Bay Street on the Downtown Northbank riverfront.
“Across the market, we’re seeing a flight to quality and Timucuan Asset Management is a great example of a tenant seeking office space of the highest caliber as they seek to retain and attract top level talent to Jacksonville,” said NAI Hallmark co-CEO Christian Harden in a statement Dec. 10.
“One Tower Court is the only true Class A opportunity in downtown Jacksonville.”
Jacksonville-based real estate NAI Hallmark is representing the landlord in tenant negotiations and is serving as the building property manager.
Shipyards Office LLC, led by Jaguars owner Shad Khan’s Iguana Investments Florida LLC, owns the 137,000-square-foot building.
The architect for the Timucuan Asset Management build-out is kasper architects + associates Inc.
Timucuan Asset Management is a private investment firm now based Downtown at 200 W. Forsyth St., Suite 1600.
Executives did not respond immediately for requests for comment Dec. 10.
The Timucuan.com site says that the firm, established in 1988, manages funds for high net worth individuals, family offices and institutional investors.
“Timucuan seeks to preserve and grow capital over time by investing in businesses that are competitively advantaged, well managed and undervalued,” it says.
Russell Newton Jr., who died in 2023 a month shy of his 99th birthday, was the cofounder, chairman and chairman emeritus of Timucuan Asset Management.
Russell Newton III is the chairman emeritus, forming the investment manager in 1988 when he developed the strategy that set the course for the practice.
He also serves as general partner of The Timucuan Fund L.P., which he formed in 1990.
Timucuan.com shows Timucuan Asset Management is led by President and Chief Investment Officer Christopher Schmachtenberger; Vice President James W. Moore; Vice President Todd B. Martin; Vice President Dennis D. Blyly; and James Franco.
All are designated Chartered Financial Analysts, a professional designation for senior and executive positions in investment management, risk management, asset management and more.
One Tower Court
First called One Shipyards Place, the office building has been branded One Tower Court.
The city issued a permit May 9, 2024, for PCL Construction LLC of Orlando to build the structure at a cost of almost $39.2 million.
HKS is the design and architect of record for the office building shell and core.
The office building is designed with 132,493 square feet of enclosed space and 10,185 square feet of unenclosed space on the riverfront near EverBank Stadium.
NAI Hallmark announced Sept. 30, 2025, that it is the exclusive management and leasing agent for the office building on behalf of Shipyards Office LLC.
NAI Hallmark’s brochure shows a 137,000-square-foot structure with the ground floor including a fitness center and a restaurant, among other uses; the Jaguars headquarters on the second, third and fourth floors; and 25,064 square feet of available space on each of the fifth and sixth floors along with private terraces.
The brochure says the building will be delivered, meaning it will be ready for tenant build-out, in February 2026.
NAI Hallmark said the ground floor will include 12,000 square feet of retail and amenity space, including a fitness facility and the restaurant that offers “a stunning patio view of the event lawn and marina, is poised to become a vibrant hub for business and leisure.”
The city issued a permit April 16 for Jacksonville-based Auld & White Constructors LLC to build-out the commercial gym in a shell space on the first floor at a project cost of almost $1.51 million. Kasper architects + associates is the architect.
Plans show a reception area, exercise room, commercial gym, locker and shower rooms and storage in 5,046 square feet of space. A site brochure shows the fitness center at a total 6,633 square feet.
The Jaguars landed a permit May 6 for the team’s new headquarters at a cost of almost $12.21 million. Auld & White Constructors LLC will build-out 63,500 square feet of space for the Jaguars to lease on the second through fourth floors.
The Jaguars headquarters is moving from nearby EverBank Stadium, which is being renovated on track for completion by 2028.
Kasper architects + associates is the architect for the Jaguars office floors as well as the building lobby.
LS3P of Savannah, Georgia, is the interior design consultant.
NAI Hallmark said the top two floors will offer “unparalleled view corridors of Jacksonville’s picturesque waterfront and urban landscape.”
The property
In January 2023, Jacksonville City Council approved a redrafted $129.75 million incentives deal for the 170-room hotel, 26 residences, office building, a city-owned marina support building and a public marina.
Khan leads the development of the residences and the hotel, targeted for completion June 30, 2027.
The Northbank project at 1406 E. Bay St. is near EverBank Stadium, which is under renovation as the Jaguars’ “Stadium of the Future.”