Intercontinental Exchange Inc. lists its principal offices in Atlanta and New York, but according to its annual report, its largest office site is now in Jacksonville.
The company, officially headquartered in Atlanta, announced in December 2024 it would put the headquarters of its mortgage technology division in Jacksonville, after acquiring Black Knight Inc. in 2023.
ICE’s annual report says it has 577,000 square feet of space at the property at 4800 - 4804 Deer Lake Drive in Deerwood Park on Jacksonville’s Southside.
That’s more than the 370,000 square feet of space each it has in Atlanta and New York.
ICE is best known as the operator of the New York Stock Exchange and its New York office at 11 Wall Street is adjacent to the stock exchange building.
The company already had a mortgage technology business that expanded significantly with the $11.9 billion acquisition of Black Knight, which had dominated the market for providing processing services for first mortgage loans.
ICE reported revenue from its mortgage technology business grew 5% in the fourth quarter to $532 million and revenue for all of 2025 rose 4% in $2.1 billion.
The company’s total 2025 revenue rose 6% to $9.9 billion, with earnings rising 14% to $6.95 per share.
In its quarterly conference call with analysts Feb. 5, ICE officials touted the success of the Black Knight deal.
“I’m particularly pleased to report that annualized expense synergies from our 2023 Black Knight acquisition exited the year at an annualized rate of approximately $230 million, exceeding the updated $200 million target that we set early last year,” Chief Financial Officer Warren Gardiner said, according to a company transcript of the call.
Gardiner said ICE expects annual cost savings to reach $275 million by the end of 2028.
“This outperformance underscores our integration capabilities and our proven ability to identify incremental value creation opportunities,” he said.
ICE President Benjamin Jackson said the mortgage technology unit is working to reduce inefficiencies in the lending process.
“We’re delivering solutions that automate legacy, manual workflows throughout each stage of the mortgage life cycle, resulting in raising workforce productivity, improving loan quality, and expanding team capacity, all of which lowers the cost to originate and service loans and can be passed on to the end consumer,” he said.
ICE Mortgage Technology had been working from Black Knight’s 327,000-square-foot headquarters at 601 Riverside Ave.
After announcing Jacksonville would be the headquarters for the business, ICE bought the 52.23-acre Merrill Lynch office campus in Deerwood Park from Bank of America for $42 million in January 2025.
In addition to that initial investment, ICE has invested $59.21 million for construction at the site, according to permits obtained by the Daily Record.
The company has committed to retaining 1,500 jobs and adding 500 more at its mortgage technology headquarters.
In the conference call, Jackson announced that Bob Hart has been appointed president of ICE Mortgage Technology. Hart joined ICE as part of its 2020 acquisition of mortgage technology company Ellie Mae.
“Bob’s 20-plus years of mortgage and real estate experience will help us accelerate this strategy as we continue to modernize mortgage workflows and deliver value for our customers,” Jackson said.
ICE is projecting revenue from the mortgage technology business to grow by a low- to mid-single-digit percentage this year.
The stock of Coach handbag brand parent Tapestry Inc., another international company that has its largest site in Jacksonville, has been surging, and it rose even more after its quarterly earnings report.
Tapestry’s sales for its second quarter ended Dec. 27 rose 18% to $2.5 billion and adjusted earnings rose by 69 cents a share to $2.69.
Tapestry owns the Coach and Kate Spade fashion accessory brands. Sales of Coach products are fueling its stock surge, with Coach sales rising 25% to $2.1 billion in the quarter while Kate Spade sales fell 14% to $360 million.
“These standout results, combined with the momentum in our business, enabled us to confidently increase our outlook for the year, reinforcing that our advantages are structural and sustainable and underscoring our commitment to driving durable growth and value creation,” CEO Joanne Crevoiserat said in a Feb. 5 conference call.
Tapestry is now projecting revenue to grow 15% for the full fiscal year to $7.75 billion and earnings to grow 25% to $6.40 to $6.45 a share, up from its previous forecast of $5.45 to $5.60.
On a day when the major stock indexes all dropped by 1%, Tapesty’s earnings report sent the stock up as much as $15.50 to a new high of $145.42, about double its price just nine months ago.
When the overall market turned around and rallied Feb. 6, the stock jumped to another new high of $153.13.
“Coach’s brand equity flywheel is accelerating, creating a virtuous cycle where sales growth unlocks incremental marketing spend, in-turn fueling further sales growth,” Barclays analyst Adrienne Yih said in a research note after the earnings report.
“The pushback is that valuation is high versus historical, and we acknowledge this,” Raymond James analyst Rick Patel said in his note.
Patel said the stock is trading at 20 times estimated fiscal 2027 earnings, while it has historically traded at 11 times earnings.
“But Tapestry is one of the strongest companies in Softlines,” with levers to fuel more growth in revenue and earnings, he said.
“We see strength continuing and upside to updated guidance,” he said.
Tapestry handles much of its North American distribution for Coach products from a 1.05 million-square-foot warehouse at Jacksonville International Tradeport near Jacksonville International Airport.
That’s almost twice the size of its 546,000-square-foot headquarters in New York.
The company opened a second Coach distribution facility in Las Vegas in 2023 with 789,000 square feet of space.
Regency Centers Corp.’s stock edged lower during the market rally Feb. 6, despite reporting strong earnings.
The Jacksonville-based developer and operator of grocery-anchored shopping centers said net operating income at properties held for more than a year rose 5.3% in 2025, but it forecast slower growth in that key metric of 3.25% to 3.75% in 2026.
Core operating earnings rose by 28 cents a share in 2025 to $4.41, and the company is projecting it to increase to $4.59 to $4.63 a share this year.
Regency’s portfolio of 481 properties across the country was 96.1% leased at the end of 2025.
CEO Lisa Palmer said in a Feb. 6 conference call that the company is in a good position.
“Across our portfolio, we continue to see healthy demand for our space, historically low bad debt, and continued growth in tenant sales and foot traffic, reinforcing the durability of our portfolio and the essential nature of the real estate we own,” she said.
Palmer also pointed to Regency’s development pipeline, with $300 million of project starts in 2025.
“New retail development remains really difficult across the industry, and this is evidenced by historically low supply growth over the past 15 years. In that environment, Regency is uniquely positioned, leveraging our expertise, long track record, access to low-cost capital, and longstanding tenant relationships to source and execute on opportunities to build high-quality shopping centers at meaningful spreads to market value,” she said.
“Physical retail, particularly well-located grocery-anchored real estate, like we own, continues to benefit from this limited new supply and a renewed appreciation among retailers for the role of stores.”
Regency’s stock fell by 26 cents to $75.22 Feb. 6.
“The leasing environment remains strong despite uncertainty stemming from tariffs and a stretched consumer,” Mizuho analyst Haendel St. Juste said in a research note.
“However, Regency’s 2026 earnings guidance marks significant deceleration in its core given what appears to be limited future upside as the portfolio continues to fill up, though we expect Regency’s re/development pipeline to be a differentiated source of growth going forward,” he said.
Despite the small decline after the earnings report, Ladenburg Thalmann analyst Floris van Dijkum said the stock was still up 9.1% so far in 2026, better than a 4.4% gain overall for real estate investment trust stocks and a 1.3% increase in the Standard & Poor’s 500 index.
“We estimate 4.6% 2026 Core funds from operations growth, which appears attractive though reflected in the current relative valuation, in our opinion,” he said.
Both van Dijkum and St. Juste rate the stock as “neutral.”
Duos Technologies Group Inc. said Feb. 5 its 2025 revenue was $28 million, nearly quadrupling its 2024 revenue of $7.28 million.
The Jacksonville-based company will report final results in late March but said it expects to report positive earnings before interest, taxes, depreciation and amortization for the second straight quarter in the fourth quarter.
Duos was mainly in the business of railroad safety technology, but expanded in 2024 with two new businesses, one that deploys edge data centers (EDCs) and another that provides energy services.
“We continue to roll out our EDCs, now with the patented clean room and can also acknowledge that we are engaged in multiple discussions with industry leaders regarding planned expansion of our EDCs for use in AI applications,” Duos President Doug Recker said in a news release.