JEA’s old headquarters campus Downtown can go on market

The city-owned utility’s board must approve any sale after voting to declare it surplus property.


  • By Ric Anderson
  • | 5:09 p.m. August 27, 2024
  • | 4 Free Articles Remaining!
The former JEA headquarters campus at 21 W. Church St., 421 Laura St. and 21 E. Church St.
The former JEA headquarters campus at 21 W. Church St., 421 Laura St. and 21 E. Church St.
  • Government
  • Share

The JEA board has taken a step toward selling its former Downtown headquarters campus. 

On Aug. 27, the board voted on a resolution declaring the old headquarters as surplus property and authorizing interim managing director and CEO Vickie Cavey to execute a purchase and sale agreement for all or parts of it. 

The 2.47-acre campus is at 21 W. Church St., 421 Laura St. and 21 E. Church St. A 2019 Daily Record story reported that at a March 26 board meeting that year, a JEA executive estimated the properties’ sales price at $20 million to $35.1 million.

Documents attached to the new resolution, 2024-45, identify the surplused properties as the office tower, customer center and parking garage.

The JEA Building, formerly the Universal Marion Building, is within the Downtown historic district.

The resolution includes a provision that a future sale or transaction associated with the campus will come back to the board for approval, JEA spokesperson Karen McAllister said in an email. 

She said a sales price had not been set and that JEA would soon determine the method of disposition in compliance with the city-owned utility’s board-approved real estate procedures.

JEA moved out of the old headquarters in 2023 and into its seven-story structure at 225 N. Pearl St. JEA broke ground on the new headquarters in 2020 after three years of planning. Its cost was estimated at $100 million.

A 2023 story in the Daily Record reported that JEA bought the old headquarters tower and adjacent customer service center in December 1988 for $8 million. The structures were built in 1962. The tower, originally the Universal Marion building, was topped by a revolving restaurant. 

The buildings are considered contributing properties in the Downtown Jacksonville Historic District as listed on the National Register of Historic Places.



 

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.