Daily Record Financial News &
Tuesday, June 5, 2018
Vol. 105, No. 141 • One Section
35¢ www.jaxdailyrecord.com
Colliers International moving to SunTrust Tower
History paved way for TIAA’s new name CEO Blake Wilson says he hopes community will embrace company as it did EverBank. By Mark Basch Contributing Writer As Blake Wilson sees it, EverBank became a “beloved” name in Jacksonville over the years. But now that the Jacksonvillebased bank has merged with TIAA Bank and taken on the TIAA name, CEO Wilson is hoping local residents will adopt the new name. If they weren’t familiar with it already, the TIAA Bank Field name has replaced “EverBank” at the top of the Jacksonville Jaguars’ Wilson stadium, and now the TIAA name also adorns the bank’s office buildings in and near Downtown. “It took a while for the community to know EverBank,” Wilson said Monday. “TIAA has got this incredible 100-year history,” which he hopes will make an impression on the community as Jacksonville residents get to know the bank. TIAA completed its acquisition of EverBank a year ago and the company announced in February that the bank would keep the TIAA name. “We did a really thoughtful and unique analysis,” Wilson said. TIAA’s centurylong history was a significant part of that analysis. The company was formed as the Teachers Insurance and Annuity Association by the Carnegie Foundation in 1918 to provide a retirement system for teachers.
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Colliers International Northeast Florida is moving to the 15th floor of the SunTrust Tower at 76 S. Laura St., just a block south from its current offices in the Bank of America Tower Downtown.
Commercial real estate company says about 50 people will make the move in August from the nearby Bank of America Tower.
Colliers International Northeast Florida is relocating from one Downtown tower to another just a block south.
Colliers International will move into the Downtown SunTrust Tower from the Bank of America Tower, the city’s tallest building. It represents both high-rises as the leasing agent. “Moving allows us to pick up a little more space, improve the layout and completely overhaul the look and feel Mathis
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Tight industrial market gaining new spec warehouse Imeson Park Investments building at Busch Drive and Whittaker Road. By Karen Brune Mathis Editor Jacksonville’s tight warehouse market is gaining another speculative development. The city approved construction
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Thursday for a 140,790-squarefoot distribution center at 10531 Busch Drive N. in north Jacksonville. Industrial Park Investments Inc. will develop the structure on 11 acres at Busch Drive and Whittaker Road in Imeson International Industrial Park. Webb Southeast Construction Corp. of Orlando is the contractor for the project at a cost of almost
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$4.4 million. EnVision Design + Engineering LLC is the agent and civil engineer. Daniel Webb, president of Orlando-based Industrial Park Investments, said in October the company intended to start construction this year on the speculative center in Imeson International Industrial Park. Webb also is an officer of Webb Southeast. He was unavailable
Monday for comment. Plans filed with the city show the building has 36 loading dock bays, 159 automobile parking spaces and 45 trailer parking spaces. Plans also show a potential building expansion. The Imeson structure joins a tight Northeast Florida industrial market where more than 1.5 million square feet of industrial space is proposed in north and west
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Jacksonville, two of the primary areas for distribution centers. An industry report shows the overall industrial vacancy rate reached a record low of 3.4 percent in the first quarter. Within the market, warehouse-distribution space vacancy fell to 4 percent, also historically low. kmathis@jaxdailyrecord.com (904) 356-2466
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