The new headquarters, scheduled to start construction this summer and open in mid-2011, will put St. Joe closer to some of its most valuable land holdings in the Florida Panhandle, which contains. Its offices in Jacksonville, Tallahassee, Port St. Joe and South Walton County will be consolidated there.
"This move is a very important step in the evolution of the St. Joe Co., and we are excited about expanding our relationships with the people of Northwest Florida," company president and CEO Britt Greene stated in a release. He expressed gratitude to officials in Jacksonville, where St. Joe has been based for the past 75 years.
"The relocation represents a new phase for our company where we will be able to closely align our resources in an area that we have been actively involved in developing for the past 12 years," Greene added. "Furthermore, we expect to capitalize on the many significant business and economic development opportunities that we see emerging as the region continues to evolve into not only one of the nation's top ranked vacation destinations, but one of the nation's newest business and technology corridors."
St. Joe donated the 4,000-acre site where the new Bay County airport has been built and Southwest Airlines will commence flights in May. The airport is part of the larger 75,000-acre West Bay project, which is expected to be developed throughout the remainder of this century.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
