Cass Information Systems intends to lease space in the Capital Plaza office park in Southside, apparently moving its Waste Reduction Consultants from Jacksonville Beach.
A pending building permit application shows Dav-Lin Interior Contractors will renovate about 9,700 square feet of space on the third floor of the four-story building at 10401 Deerwood Park Blvd. at a project cost of $320,000.
Michael Loftin, managing director of leasing for Parkway Realty Services, representative of the property owner Deerwood Office Buildings LLC, said Cass Information Systems signed a lease for about 11,100 square feet of space and will move in by the first of the year.
He did not know the number of employees who would move, but industry standards show that size of space could accommodate 50-55 people. Building plans show offices, training space and conference rooms.
Capital Plaza comprises three buildings, totaling 415,000 square feet of leasable space. Cass will move into a 150,000-square-foot building.
St. Louis-based Cass Information Systems describes itself on cassinfo.com as a leader in back-office business processing solutions for complex payables.
Cass Information Systems says it provides transportation, utility and telecom expense management and related business intelligence services. Annual revenues for fiscal 2010 were $96.2 million, up 9.4 percent from fiscal 2009, while average total assets were $1.1 billion.
It announced Jan. 9 that it bought Jacksonville-based Waste Reduction Consultants Inc., which provides environmental expense-management services.
According to Cass, Waste Reduction Consultants serves businesses with multiple locations by reducing operating costs and managing expenses.
CEO Bryce Kaspar, who founded Waste Reduction Consultants in 1999, joined Cass and continues to manage the operations. He could not be reached for comment about the move to Southside.
The Waste Reduction website, wasteconsultants.com, shows its name as Waste Reduction, Pure Expense Management, A Cass Company.
Waste Reduction's office address is shown on its website and in state corporate filings as 333 N. First St., Suite 310, in Jacksonville Beach.
The Cass Information Systems website shows job openings in Jacksonville that include client support representative, research and recovery representative and account manager.
According to its quarterly Securities and Exchange Commission filing made Nov. 2, Cass said it provides payment and information processing services to large manufacturing, distribution and retail enterprises from its offices and locations in St. Louis; Columbus, Ohio; Boston; Greenville, S.C.; Wellington, Kan.; Jacksonville; and Breda, Netherlands.
The company's services include freight invoice rating, payment processing, auditing and the generation of accounting and transportation information.
The filing says Cass also processes and pays utility invoices, which include electricity, gas, environmental and telecommunications expenses, and is a provider of telecom expense management solutions.
The company also, through Cass Commercial Bank, its St. Louis-based bank subsidiary, provides banking and loan services in the St. Louis metropolitan area, Orange County in California, and other cities in the United States.
Sam's East lease completed
Grubb & Ellis Phoenix Realty Group announced brokers Bryan Bartlett and John Richardson have completed the lease for Sam's East Inc. for a property in Alta Lakes Commerce Center in North Jacksonville. The building, which includes 126,665 square feet of distribution space, is owned and managed by Cabot Properties.
Grubb & Ellis Phoenix Realty Group represented Alta Lakes Commerce Center and Colliers International represented Sam's East.
"The lease of this property to Sam's East is exciting news for Jacksonville, as it demonstrates the company's increased interest in this region for storage and distribution of products," Richardson said in a news release.
"The Alta Lakes Commerce Center provided the features they required, in addition to the benefits of being in close proximity to the interstate and port facilities," he said. The site is near the Jacksonville Port Authority and TraPac terminals and is near Interstate 295.
The Daily Record reported in August that Sam's East Inc., which is part of the Sam's Clubs warehouse-club segment of Wal-Mart Stores Inc., was shown on permitting plans as the 129,665-square-foot tenant for a North Jacksonville warehouse within Building 1 at Alta Lakes Commerce Center, off of the Interstate 295 East Beltway and Faye Road. The address is 2550 Cabot Commerce Drive.
The property ownership group is shown as Cabot II-FL3L01 LLC, based in Boston.
Florida is a big market for Sam's Clubs. For the 2012 fiscal year, which ended Jan. 31, the company had 611 Sam's Clubs in the U.S. and Puerto Rico. Of those, Texas had the most, at 73, followed by Florida, at 44, and California, at 33.
No HQ decision yet by Advanced Disposal
Jacksonville-based Advanced Disposal Services Inc., which has been negotiating incentives for a headquarters location in St. Johns County and in Jacksonville as well as reviewing three sites outside of Florida — Atlanta; Charlotte, N.C.; and Milwaukee — hasn't made a decision yet.
"The process continues," said Chief Marketing Officer Mary O'Brien in an email.
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