Patriot moving 50 Jobs Downtown from Riverside

[duvaldude08]

More relocation. Every little bit counts

Jacksonville-based Patriot Transportation Holding Inc. will move its headquarters Downtown this spring from Riverside Avenue.

Matthew McNulty, director of Southern real estate for Patriot, said Wednesday the company will relocate from the EverBank Building to the seventh floor of the BB&T Tower at 200 W. Forsyth St.

He said about 50 people will move into the almost 15,000 square feet of space.

The City issued a building permit to Dav-Lin Interior Contractors to build out space for Patriot at the BB&T Tower at a project cost of $341,475.

Patriot Transportation Holding is involved in transportation and real estate.

Its transportation business is conducted through subsidiaries, including Florida Rock & Tank Lines Inc., which is a Southeastern transportation company that hauls liquid and dry bulk commodities by motor carrier.

Its real estate group, through subsidiaries, acquires, constructs, leases, operates and manages land and buildings to generate current cash flow and long-term capital appreciation.

McNulty said Patriot has subleased space in the EverBank Building along Riverside Avenue since 2008 and the lease was expiring.

The company reviewed sites, primarily Downtown but also in the Southside, he said.

McNulty said Patriot is a longtime Jacksonville-based company. “We are excited to be part of the Downtown growth,” he said.

McNulty also acknowledged BB&T Tower’s management and renovations. “It seems like a great place for us,” he said.

He said Patriot signed a 10-year lease at BB&T Tower. Before moving to the EverBank Building, Patriot was based in MidTown Centre, formerly known as the Koger Center, between Atlantic and Beach boulevards near the St. Nicholas area.


kmathis@baileypub.com

[acme54321]

Don't see that much of a benefit here, it's not like they are coming from the southside.

[duvaldude08]

Don't see that much of a benefit here, it's not like they are coming from the southside.

But they are coming to the North Bank. That is where the most vacancies are. Anybody moving to north bank is a benefit really. And the fact being they considered the suburbs also, I like their choice even better. I dont think to grow downtown means everybody should pack up and leave the burbs. If that were the case, Then we will have another issue that will be much worst. An empty, deserted suburb is much worst than a struggling downtown.

[Tacachale]

The way I look at it is, if anyone is moving from anywhere, I'm glad it's to Downtown Jacksonville. Still, regardless of where they go, I don't like seeing businesses leave Brooklyn, which is basically Downtown, Jr. But if they have to leave Brooklyn, the Downtown core is the best possible location.

[mtraininjax]

Everbank is considered Downtown? More like Brooklyn, but hey, what about the reporting of the law firms that moved out of downtown to, well, er, downtown, from the B of A building to the St. Joe building? Funny how 50 people here or there get lost in the shuffle.....

Is the St. Joe building in Riverside yet? Maybe a zero net???