TUESDAY March 19, 2019
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
THE MATHIS REPORT
FIS to buy Worldpay in $34B agreement
Daily Record
Developer’s ‘village center’ vision for I-295, Butler site
JACKSONVILLE
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After merger is complete, FIS would surpass CSX as Jacksonville’s largest company.
BY MARK BASCH CONTRIBUTING WRITER
JACKSONVILLE
Fuqua Development intends to develop a Jacksonville project in Southside with a food and mercantile hall concept similar to that shown here at the Gwinnett Exchange mixed-use community Fuqua will build northeast of Atlanta near the Mall of Georgia.
Special to the Daily Record
KAREN BRUNE MATHIS EDITOR
Jeff Fuqua’s $300 million project includes a food hall, “industrial mercantile” look for the property he plans to buy from the Skinner family.
Imagine historic San Marco Square – but larger – dropped into a signature Southside property. That’s what Atlanta-based developer Jeff Fuqua envisions at the 67-acre “village center” area at southeast Butler Boulevard and Interstate 295 that he wants to buy from the Skinner family. Fuqua, principal of Fuqua Development, intends to bring Jacksonville a fresh version of how people shop, play, live and work in an anticipated $300 million project will comprise retail, commercial and residential uses. Fuqua’s project becomes the retail center at the 1,063-acre Skinner property targeted for development into retail, commercial and housing uses. “We superimposed the San Marco retail district to get that feel and we tweaked it to fit our project,” Fuqua said Friday.
Fuqua
Skinner
With some elements of San Marco, much of the project will follow the “industrial mercantile” look, he said. It will be “a city with different complexions.” Skinner family representative A.C. “Chip” Skinner III said Monday that Fuqua’s project track record brings a new level of activity to the St. Johns Town Center area. The Town Center is northwest across Butler Boulevard. SEE MATHIS, PAGE 3
Fidelity National Information Services Inc., or FIS, announced a $34 billion merger agreement Monday that will make the company Jacksonville’s largest. FIS, which provides technology services for financial institutions, agreed to buy Worldpay Inc., a Cincinnati-based payments technology company. The merged company will retain the FIS name and continue to be headquartered in Jacksonville, where it employs nearly 1,400 people. The two companies combined had $12.3 billion Norcross in revenue last year, and FIS expects to reach $15 billion in three years after the merger. FIS was spun off from Jacksonville-based Fidelity National Financial Inc. in 2006 and has grown with large acquisitions in the past. “As we have discussed over the years, mergers and acquisitions have been and will continue to be a key component of our overall strategy,” CEO Gary Norcross said in a conference call with analysts. “This has never been more at the forefront of our thinking than today.” Combining the financial technology of the two companies will SEE FIS, PAGE 2
TGI Fridays closes in Regency TGI Fridays closed its Regency location at 9400 Atlantic Blvd. and the 7,200-square-foot Regency Park Shopping Center location is shown on the landlord’s website as available. It was built in 1988. A TGI Fridays media representative did not respond to an email or phone call for comment Monday afternoon. TGI Fridays closed its Tinseltown restaurant last summer at 4409 Southside Blvd., which is being renovated for Island Wing Co. Its remaining area restaurant is in Orange Park.
VOLUME 106, NO. 86 • ONE SECTION