PHH Mortgage moving to Baymeadows

[thelakelander]

Seems like everyone is moving to Baymeadows! PHH will be moving from Gate Parkway to 8800 Baymeadows Way West.

By Karen Brune Mathis, Managing Editor

In another big suburban office move, PHH Mortgage has signed a lease for more than 100,000 square feet of office space in the Deerwood area at 8800 Baymeadows Way W.
PHH Mortgage will move in the first quarter, said Victor Hughes, managing director for Parkway Realty Services. He represented the landlord, DRA Advisors LLC of New York, N.Y.

The company now leases the three-story, 150,000-square-foot PHH Mortgage building at 5201 Gate Parkway. Its lease expires in November 2016 and it has wanted to downsize its space.

PHH Corp. spokesman Dico Akseraylian said Tuesday morning the company is leaving the Gate Parkway building because it has unutilized space there.

About 450 employees are based in the Jacksonville office, he said.

Full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=546511

[Tacachale]

It's good news for Baymeadows that they're able to keep the interest of big companies like this after so many years. Other areas haven't been so lucky.

[jaxjags]

Question? Are leasing rates in the Gate Parkway area going up due to the success of SJTC?