Citizens Property Insurance Corp. is looking for “turn-key” office space in Jacksonville that is smaller than its current Downtown location.
In 2015, the state insurer leased space in the 30-story high-rise at 301 W. Bay St. The Daily Record reported then it was consolidating offices and moving 1,038 jobs into about 232,000 square feet of space. The 10-year lease term was valued at $41.7 million.
That lease expires June 6, 2026.
In August 2024, Citizens launched an invitation to negotiate seeking a space outside of Downtown in South Jacksonville.
Citizens did not act on that invitation, releasing a new ITN on Dec. 19 seeking space in an area that includes South Jacksonville and Downtown.
The Citizens requirements:
• 203,000 to 215,000 square feet of office space and a minimum of 1,107 parking spaces.
• Space in a single building or multiple buildings within the same campus.
• A lease with an initial 10-year term and renewal options.
The deadline for replying to the Citizens ITN is 1 p.m. Jan. 17. The bids will then be opened at 1:30 p.m. Jan. 17.
Citizens says it plans to award the bid Feb. 28. It wants its new offices ready for full occupancy by June 1, 2026.
The 301 West Bay building
Miami-based Amkin West LLC owns the 301 W. Bay St. building. It acquired it in 2014 for $47.4 million. The building was then called EverBank Center.
EverBank was later acquired by TIAA Bank, who changed the building signage. It would change again in 2023 when TIAA Bank was sold and the name changed back to EverBank.
A marketing brochure for the high-rise by Ciminelli Real Estate Services calls the building 301 West Bay.
The brochure says more than 360,000 square feet of space is available for new tenants in the 962,000-square-foot building. It shows eight complete floors as available, each between 34,000 and 35,000 square feet of space.
The Citizens space in 301 West Bay comprises eight floors and part of the first.
In 2015, Citizens consolidated its office and IT center Downtown from four Baymeadows-area locations along with IT workers from Tallahassee and Tampa.
Tallahassee-based Citizens was created by the Florida Legislature in 2002 as a not-for-profit tax-exempt government entity to provide property insurance to Florida policyholders unable to find coverage in the private market.