The city issued a permit June 20 for London-based Paysafe Ltd. to build-out its North American headquarters in Town Center Two, the St. Johns Town Center-area office building owned by Dun & Bradstreet Inc.
The permit follows the interior demolition approved May 3.
Together, DPR Construction will demolish space at a cost of $70,000 and build-out 33,000 square feet at $1.45 million, a combined cost of $1.52 million.
The June 20 permit is for 22,000 square feet of “interior refresh” for existing built spaces and 11,000 of interior renovation to existing open spaces.
The permit application indicates a total cost of $2.5 million.
Paysafe will lease the 38,000-square-foot fourth floor of the six-story building at 5335 Gate Parkway.
Moser Associates of Durham, North Carolina, is the architect. DPR Construction is in Redwood City, California.
The project is called Paysafe Payment Processing Solutions LLC of London.
Dun & Bradstreet paid $76.5 million on June 30, 2021, for the six-story, 218,700-square-foot building where the global financial services and data analytics firm moved its headquarters.
When JAX Chamber announced in November it brokered a deal with global mobile and online payment provider Paysafe Ltd. to open its North American headquarters in Jacksonville, Paysafe CEO Bruce Lowthers said the company was in negotiations for office space.
Before becoming Paysafe CEO in May 2022, Lowthers spent 15 years at Jacksonville-based Fidelity National Information Services.
Paysafe has ties to Fidelity National Financial Chairman Bill Foley and leadership of other affiliated companies like Black Knight, Jacksonville-based Fidelity National Information Services and Dun & Bradstreet.
In March 2021, Paysafe merged with Foley Trasimene Acquisition Corp. II.
Foley Trasimene is a special purpose acquisition company, or SPAC, that was founded by Foley.
Dun & Bradstreet CEO Anthony Jabbour, who also is the executive chairman of Black Knight, is on the Paysafe board of directors.
Paysafe is traded on the New York Stock Exchange as PSFE.
According to its website, it has U.S. offices in Atlanta, Miami, Houston, Irving and Westlake Village, California, Minden, Nevada, and Tampa/Clearwater.
In December 2022, City Council approved a $10.1 million grants incentives package to finalize the Paysafe North American headquarters consolidation in Jacksonville. That was in addition to $3 million from the state’s High Impact Performance Incentive program.
The city incentives are tied to Paysafe creating and retaining 600 jobs in Northeast Florida and locating the headquarters office in Jacksonville.
Founded in 1996, Paysafe offers payment processing, digital wallet and online cash solutions. It is geared toward mobile-initiated transactions.
At the JAX Chamber news conference, Paysafe said some jobs will be created and some employees will transfer from other offices over the next three years. It expects to have 200 employees by the end of 2023.
Dun & Bradstreet said in a June 2021 news release it chose the building, developed in 2019, with the company’s growth and sustainability plans in mind. The company, which relocated from Short Hills, New Jersey, provides business data and analytics worldwide.
Dun & Bradstreet uses the third and sixth floors and part of the first at Town Center Two.
SoFi, a California-based personal finance products company, subleases the fifth floor.
Jacksonville-based Newfold Digital leases the second floor and part of the first.