A prominent historic Downtown Southbank building is gaining a new anchor.
Seacoast Bank announced on LinkedIn that it is expanding with a second Jacksonville branch at 1001 Kings Ave., at southeast Prudential Drive and Kings Avenue, a renovated three-story structure that has served as the headquarters for the Industry West online furniture company.
Seacoast Northeast Florida Market President Allison Bovee and Michael Ludwig, senior vice president and senior community banking director, respectively, posted Oct. 22 that the expansion is “a reflection of our team’s incredible growth and success.”
The bank is adding positions, including a banking center manager and an assistant banking center manager.
In May 2023, Stuart-based Seacoast Banking Corp. of Florida and its banking subsidiary Seacoast Bank opened a full-service retail branch and commercial banking office in Jacksonville at 7880 Gate Parkway, Suite 100.
At that time, the bank said that “this milestone follows Seacoast’s initial expansion into the Jacksonville market early last year via the establishment of a Commercial Banking team. Seacoast Bank’s expansion into Duval County follows years of robust growth across Florida.”
It has since expanded its business reach.
On Oct. 1, Seacoast Banking Corp. completed the acquisition of Villages Bancorporation Inc., parent company of Citizens First Bank.
Landlord representative Sarah Teagle, formerly with NAI Hallmark Partners and now senior associate with Cushman & Wakefield, said Oct. 23 that Seacoast Bank leased the first and second floors, taking 7,801 square feet of space, at 1001 Kings Ave.
“They wanted a visible presence Downtown,” she said.
The 113-year-old, three-story building is one of the few remaining commercial buildings reflecting the old City of South Jacksonville of 1907-32.
Corner Lot CEO Andy Allen and COO George Leone and Industry West founder Jordan England bought the 12,838-square-foot building in 2021 through ALE Kings Holdings LLC.
Industry West renovated the structure and moved its headquarters into the first two floors while leasing out the top level to other tenants.
Industry West has since vacated the building, and space had been on the market for lease for 10 months.