Fifth Third Bank will lease space for executive offices Downtown in One Enterprise Center.
The financial services company will open on part of the 16th floor at 225 Water St.
Melanie Chakor, vice president and senior marketing manager for Fifth Third Bank in Tampa, said the move would take place in the first quarter of 2016.
She said the space will house commercial banking, private banking, business banking, treasury services, the bank’s community and economic development officer and its Jacksonville leadership team.
Building plans show Dav-Lin Interior Contractors will renovate 5,425 square feet at a job cost of $256,263.
Those plans show offices, open office space, conference areas and rooms and other functions.
Its Jacksonville market offices are in a San Jose area building.
Oliver Barakat, senior vice president of CBRE Inc., represented the landlord in the lease transaction.
He said Fifth Third Bank will lease about 6,300 square feet of space.
“It’s a Fortune 500 company and we always welcome a Fortune 500 company to the building,” he said. Fifth Third Bank ranked No. 416 in 2015 on the Fortune list.
Barakat said it will be Fifth Third Bank’s main office in Jacksonville. The bank has at least 11 branches in the Jacksonville area. It came to town with the 2007 acquisition of R-G Crown Bank.
The bank has a large regional footprint. As of Sept. 30, Cincinnati-based Fifth Third Bancorp operated 1,295 full-service banking centers and 2,650 ATMS in 12 states, primarily in the Midwest and Southeast.
Its four main businesses are commercial banking, branch banking, consumer lending and investment advisers.
One Enterprise Center has a long association with banks. First Tennessee Bank also is a tenant.
The 22-story building was developed in 1986 for the headquarters of Florida National Banks of Florida. Through mergers, that became First Union, Wachovia and Wells Fargo. In 2011, Wells Fargo moved to what is now the Wells Fargo Center.
Fifth Third Bank’s lease also represents new life for the building, which was foreclosed on this year. Title transferred to new ownership in May.
Barakat said the Fifth Third Bank lease boosts occupancy of the building, which has 319,000 square feet of leasable space, to 55 percent.
Fifth Third Bank is the second high-profile new tenant there. Gresham, Smith and Partners leased the top floor for a move from the suburbs by year-end.
Chakor said in an emailed statement that Jacksonville is a growth opportunity for Fifth Third Bank and that moving its office Downtown demonstrates its commitment to the market.
“Jacksonville as a market has much to offer with its diversity in industry and its opportunity for economic growth,” she said in the statement.
She said the workspace will be an open environment designed to create more teamwork.