The St. Joe Company announced plans to move its corporate headquarters to its large-scale development project adjacent to the new Northwest Florida Beaches International Airport in Bay County. The new location is surrounded by some of the company's most valuable land holdings.
St. Joe's new headquarters will be located in Phase I of the company's West Bay Sector Plan development near the entrance of the new international airport scheduled to open in May.
According to the company's announcement, the new location is central to St. Joe's residential communities and commercial properties under development, as well as company lands slated for new business and development opportunities in the region.
As part of the move, St. Joe will consolidate offices from Jacksonville, Tallahassee, Port St. Joe and South Walton County. Construction of the approximately 50,000 square foot Class A multi-tenant office building is scheduled to begin this summer, with relocation of the company's headquarters and personnel to be completed by summer 2011.
"This move is a very important step in the evolution of The St. Joe Company, and we are excited about expanding our relationships with the people of Northwest Florida," says Britt Greene, St. Joe president and CEO. "At the same time we are very grateful for our 75-year relationship with the City of Jacksonville. There are many friends and supporters in the area that have played an integral part in the growth and success of the company throughout the years. We will remain forever thankful for their contributions and support."
"The relocation represents a new phase for our company where we will be able to closely align our resources in an area that we have been actively involved in developing for the past 12 years," continued Greene. "Furthermore, we expect to capitalize on the many significant business and economic development opportunities that we see emerging as the region continues to evolve into not only one of the nation's top ranked vacation destinations, but one of the nation's newest business and technology corridors."
The St. Joe Company, a publicly held company currently based in Jacksonville, is one of Florida's largest real estate development companies and Northwest Florida's largest private landowner.
Source: 2010 Florida Realtors®
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