Daily Record Financial News &
Tuesday, February 13, 2018
Vol. 105, No. 062 • One Section
35¢ www.jaxdailyrecord.com
One Call chose Downtown for energy, culture change
Rayonier sells 7,000 acres in St. Johns Company: $25.24M deal with buyer was unsolicited. Rayonier Inc., through Rayonier Atlantic Timber Co. and Rayonier Forest Resources L.P., sold up to 7,000 acres in St. Johns County last week for $25.24 million. Rayonier, based in Yulee, sold the property to New York-based First Coast Land and Timber LLC, formed in November. The property is between Interstate 95 and U.S. 1 from St. Augustine to Hastings. Alejandro Barbero, Rayonier director of strategic development and communications, said the property was 6,500 to 7,000 acres of timberland in southern St. Johns County. “We are a timber REIT and we continuously evaluate our portfolio,” he said Monday. Barbero said the offer was unsolicited. “Sometimes we receive unsolicited offers. When it makes sense, we execute on transactions,” he said. He declined to comment on the buyer’s identity or plans for the property. The deed shows that First Coast Timber’s New York City address is the same as Ruane, Cunniff & Goldfarb Inc., a privately owned hedge fund sponsor. It manages Sequoia Fund Inc., described by Bloomberg as an open-ended equity mutual fund begun and managed by the firm. First Coast Land and Timber LLC Manager Greg Alexander did not return two telephone calls. The sequoiafund.com site
Photos by Monty Zickuhr
One Call Chief Executive Officer Dale Wolf cuts the ribbon Monday to mark the new signs atop the Eight Forty One building at 841 Prudential Drive on the Downtown Southbank. From left, Steven Davis, chief legal officer; Fred Pensotti, chief financial officer; Pat Rowland, chief strategy officer; Mayor Lenny Curry; Wolf; U.S. Rep. John Rutherford, standing behind Will Smith, chief product officer; and Jimmy Patronis, Florida CFO.
At ribbon-cutting for new sign on HQ , CEO says firm will grow in Jacksonville. By Monty Zickuhr Managing Editor When One Call decided to consolidate its Jacksonville workforce in one place, there was one obvious choice, company CEO Dale Wolf said Monday. “I very much believe in an urban environment for business,” Wolf said. “It has a totally different feel. There’s an energy that you get Downtown that you can’t get in the suburbs.” One Call is a health care man-
agement company that provides business services in the workers’ compensation industry. The company held a ribboncutting for its new signs that were installed atop its headquarters at the Eight Forty One building at 841 Prudential Drive on the Downtown Southbank. Installation of the signs, which are 16 feet tall by 80 feet wide, was completed Jan. 23. One Call is moving 500 workOne Call
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The One Call sign replaced Aetna’s at the Eight Forty One headquarters. One Call is moving 500 workers from its Baymeadows office to the building.
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Community activist, World War II hero Marvin Edwards dies at 96 He fought for improving the city’s public school system, reducing expenditures on the Skyway and stadium. Public
By Susan D. Brandenburg Special to the Daily Record Longtime Jacksonville community activist and advocate Marvin R. Edwards, 96, died Saturday of natural causes. He is survived by his wife of more than 62 years, Helene, and his children Jeffrey (Mary), Doug (Kristen) and Carolyn (Dan) Edwards and seven grandchildren:
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Lauren, David, Adam (Aaron), Nathaniel and Avalon Edwards and Christopher and Michael Oliveri. Edwards A memorial service is scheduled for 11:30 a.m. Friday at Congregation Ahavath Chesed, The Temple, at 8727 San Jose Blvd. The
family asks that in lieu of flowers, memorial donations may be made to Community Call, People for the American Way or River Garden Foundation. Edwards’ role as the U.S. Air Force 492nd Bomb Group navigator in a British Mosquito spy plane over enemy territory in World War II on behalf of the Office of Strategic Services earned him France’s highest tribute, a Chevalier of the
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French Legion of Honor. The OSS was the forerunner to the CIA. In 2017, Edwards chronicled his wartime service as a spy in his memoir, “Now It Can Be Told … Tales of the OSS.” The book’s foreword was written by Charles T. Pinck, president of the OSS Society, who called Edwards and the OSS “a perfect match.” Edwards
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consecutive business days