Daily Record Financial News &
Monday, March 28, 2016
Vol. 103, No. 096 • Two Sections
35¢ www.jaxdailyrecord.com
PGP completes $47M land deal
Company’s development near Town Center to bring ‘unique’ offerings With the purchase of 45 developable acres near St. Johns Town Center a done deal, buyer Preferred Growth Properties is expected to soon lay out plans for the construction timeline and tenants. “There are multiple, unique and exciting offerings that are programmed for the development and details will be forthcoming,” said property repre-
sentative Chris Morgan, CEO of Cantrell & Morgan Inc. of Jacksonville. He and Cantrell & Morgan President Jim Loftin represented Preferred Growth Properties in its $46.95 million purchase of the property from members of the Skinner family. The deal closed Friday, according to Chip Skinner, a member of the family and one of the landowners. Preferred Growth Properties, a subsidiary of Birmingham,
Ala.-based Books-A-Million Inc., bought the property through PGP Jacksonville TC LLC, Skinner said. The site is at Gate and Town Center parkways. The main tract is east of Gate Parkway and runs north and west along Town Center Parkway. A smaller tract is west of Gate Parkway. Both include lakefront footage. “From the plans we’ve seen, they will make good use of that lakefront,” Skinner said. Preferred Growth Properties
executives have not returned phone calls or emails. Morgan said Sunday he is designated as the company contact for now. The Skinner family rezoned the property as a Planned Unit Development district for commercial and residential uses. City Council enacted the ordinance in May. Permitted uses are up to 500,000 square feet of enclosed retail and commercial space, 100,000 square feet of office space, up to 400 hotel rooms and up to 500 multi-
Leslie Slover, regional head of Deutsche Bank, goes over information with Denise Graves in the bank’s command center.
‘Microcosm’ of New York Market’s fast pace motivates Deutsche Bank’s Leslie Slover
By Karen Brune Mathis Managing Editor Leslie Slover leads a global company’s very big presence in Jacksonville. Slover is the regional head of Deutsche Bank in Jacksonville and Cary, N.C. The Jacksonville office opened in 2008 and has grown to almost 2,000 employees on the Southside. Slover, 51, joined Germany-based Deutsche Bank in 1997 and moved to Jacksonville in 2014. Along with leading the Jacksonville expansion, she also sits on boards, including the JAX Chamber and the trustees for the Museum of Contemporary Art Jacksonville. A native of New Jersey and the youngest of five children, she graduated from Douglass College of Rutgers University with a Bachelor of Arts in economics. She worked with Drexel Burnham Lambert and Goldman Sachs before joining Deutsche Bank.
Public
First Coast Success: Leslie Slover The Daily Record interviewed Slover for “First Coast Success,” a regular segment on the award-winning 89.9 FM flagship First Coast Connect program, hosted by Melissa Ross. These are edited excerpts from the interview. The interview was scheduled for broadcast this morning and will replay at 8 p.m. on the WJCT Arts Channel or at wjct.org/ ondemand. How large is Deutsche Bank in Jacksonville? And why Jacksonville? Today we are approximately 1,700-plus employees, making Jacksonville Deutsche Bank’s second largest office in the U.S., with New York being our largest office. Success continued on Page A-10
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family residential units. While PGP has not announced tenants or users, two surfaced in November when a retailer and an apartment developer confirmed plans to open there. Oklahoma City-based Hobby Lobby said it would open one of its arts, crafts and home-decor stores on the property. It would be the fifth Hobby Lobby in the area. Houston-based Stanmore Partners said it was under contract to PGP
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Is Foley close to hockey team?
Photos by Fran Ruchalski
By Karen Brune Mathis Managing Editor
The National Hockey League is officially remaining silent on the timetable and process for expansion but according to reports from hockey writers, Bill Foley will soon have his NHL franchise for Las Vegas. After a meeting of NHL general managers in Boca Raton two weeks ago, several reports said the league is expected to announce the new Las Vegas team in June and it will begin play in the 2017-18 season. Foley, chairman of Jacksonville-based Fidelity National Financial Inc., is the lead partner of a group that filed an application last year for an expansion team that would play in a $375 million arena under construction near the Las Vegas strip. Investors in Quebec City also applied for a franchise, but reports from the general managers meeting said the league might only award one franchise for 2017 in Las Vegas, which would leave it Foley with an odd number of teams. The hockey writers seem to believe Foley’s team is a sure thing. The NHL released a statement by Deputy Commissioner Bill Daly at the meetings saying “no final decisions have been reached and no recommendation of any kind has been made” about expansion. However, a story on the league’s website, nhl.com, from the meetings quoted Commissioner Gary Bettman saying if a team is granted for the 2017-18 season, “we’ve got to do something by June.” Basch
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