Deutsche Bank expanding to former PHH Mortgage building

[thelakelander]

By Karen Brune Mathis, Managing Editor

Deutsche Bank revealed its long-awaited Jacksonville expansion plans today as it told employees it will lease the former PHH Mortgage building near its Meridian Business Park campus.
The lease allows the global financial-services company plenty of expansion space as it builds its job base in Jacksonville while restructuring its worldwide operations.

The decision to lease at 5201 Gate Parkway "definitely creates a more permanent commitment to the location in North Florida," said Leslie Slover, regional head of Deutsche Bank in Jacksonville and in Cary, N.C.

Deutsche Bank has grown to 1,700 employees in Jacksonville and recently won approval from City Council for incentives to create 350 more jobs.

The lease elevates the physical profile of Deutsche Bank in Southside as it boosts its presence to 350,000 square feet, making it one of the largest office tenants in the city's history.

Deutsche Bank will continue to lease the five-building, 200,000-square-foot Meridian Business Park at 5022 Gate Parkway. It has about 1,200 employees there and is at capacity.

It will consolidate employees from additional leased space in Butler Plaza along Belfort Road to the PHH Mortgage building, as well as add new employees there as the company expands.

The company will refer to the building as 5201. PHH Mortgage will move to Baymeadows early next year.

Full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=546522

[ProjectMaximus]

I'd be very disappointed today if this weren't already a such a badly kept secret...