PHH Mortgage Moving Jax Office

PHH Mortgage is moving from the building it currently occupies off Gate Parkway to a smaller space in the Deerwood area off Baymeadows Way. PHH was leasing the entire 150,000 square foot, 3 story building off Gate Parkway, and will be downsizing to around 100,000 square feet in the new building, which it will share with other tenants. PHH will take half of the first floor, and the entire 2nd and 3rd floors of the 5 story building at 8800 Baymeadows Way. PHH cut a third of it’s Jacksonville workforce back in 2013, and ever since, it had excess/unused space in the Gate Parkway building. Commercial RE insiders have known for months that this deal was in the works, but it was not made public until recently. Deutsche Bank, who is currently expanding it’s Northeast Florida presence, will be signing a lease to occupy the former PHH Mortgage Building.

This news follows other recent announcements related to other companies relocating to the Baymeadows area, including Southeastern Grocers (Winn-Dixie) and Digital Risk, LLC. (Former blog post here)

Karen Brune Mathis with the Jacksonville Daily Record had the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on November 17, 2015, in JAX Daily Record, Jobs/JAX Economy, Office, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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