TUESDAY July 31, 2018
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
JEA considering 5 new HQ sites
Daily Record JACKSONVILLE
Downtown locations include urban core, near TIAA Bank Field
JEA could become a tenant in one of the buildings proposed by Jacksonville Jaguars owner Shad Khan next to TIAA Bank Field.
Two of JEA’s five potential headquarters plans would involve leasing multiple floors in the Bank of America Tower or One Enterprise Center. Three sites would be considered for new construction or renovation.
Daily Record Daily Record JACKSONVILLE
BY DAVID CAWTON STAFF WRITER
BUILD OR LEASE?
LOT J
JEA’s board of directors is considering five Downtown locations for a headquarters campus, including two new developments in the urban core and one near TIAA Bank Field. It’s the first time in months the group has discussed publicly the stalled effort to relocate JEA’s operations from its longtime Downtown headquarters at 21 W. Church St. The board in 2017 agreed to pursue building a new headquarters Downtown, citing the cost of redeveloping its 19-story tower and adjacent customer service center. In October, it engaged the CBRE real estate company to conduct a workplace strategy analysis. There’s been little public discussion since then. A debate over possibly privatizing the public utility and the resignation of CEO and Managing Director Paul McElroy consumed much of JEA’s focus and attention. The utility is seeking 200,000 square feet of space, a reduction of about 160,000 square feet, to
JACKSONVILLE
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Plan would place the utility at a 1.52acre site at 337 W. Adams St. next to the Duval County Courthouse.
FOUR-BLOCK FOOTPRINT
A proposal by developer Steve Atkins would retrofit and expand the utility’s current headquarters at 21 W. Church St.
SEE JEA, PAGE 3
THE MATHIS REPORT
How the ‘Amazon effect’ is impacting commercial real estate Property Theater LLC President Justin Clark expanding Butler95 to meet flex space demand.
KAREN BRUNE MATHIS EDITOR
E-commerce is changing how businesses sell and consumers buy. It also is influencing how developers develop. Property Theater LLC Presi-
dent Justin Clark credits the movement for his decision to expand the Butler95 Business Clark Center. It sits along Philips Highway south of the reconstructed Interstate 95 and Butler Boulevard interchange. Clark is developing Butler95,
an office-warehouse condominium development comprising units, starting at $216,000, from 2,400 to 14,400 square feet in size. “Commercial real estate is going through a unique transition. The emergence of e-commerce as a preferred channel for consumers seems to be the strong driving force behind the appeal of flexible workspace,” Clark said.
“It used to be that people would go to the office for business, the warehouse for light manufacturing distribution and a retail center for the consumer connection,” he explained. Those distinct purposes had distinct physical locations. “They are increasingly merging into one because of the ‘Amazon effect,’” Clark said. SEE MATHIS, PAGE 3
KB Home expands in Northeast Florida National homebuilder acquires Landon Homes. PAGE 2 VOLUME 105, NO. 180 • ONE SECTION