Genpact Signs Large Lease in Jacksonville

JACKSONVILLE, FL—Genpact has signed a more than 100,000-square-foot lease deal at the SouthPoint 1 development here.

Genpact, a global professional services firm headquartered in New York City, in a statement confirmed published reports of the lease deal with SUS Holdings, LLC, an affiliate of Susquehanna Holdings.

Danielle DAngelo, a spokesperson for Genpact, tells Globest,.com, “As part of our ongoing strategy to drive digital-led innovation and digitally-enabled intelligent operations for clients around the world, Genpact continues to expand our U.S. presence by investing in strategically attractive cities to better serve clients locally.”

She notes that Genpact opened its Jacksonville office at Capital Plaza in July 2017 and has now signed an additional lease at Southpoint 1 “as a result of expected growth in our business. We are committed to the Jacksonville market, which has an impressive skilled talent pool for our customer service operations.”

D’Angelo continues, “Our expansion in Jacksonville builds on our growth in the United States as a whole. Genpact currently has 12 delivery centers and more than 6,000 employees in the U.S. across nearly every state—working from delivery centers, sales offices, and client and remote sites. Over the past five years, Genpact has increased the number of U.S. employees by more than 50%.”

Colliers International Northeast Florida, which brokered the transaction but did not identify Genpact by name, says approximately 800 employees of the new tenant will occupy the majority of the 139,825-square-foot building by the end of 2018.

Chuck Diebel, Lisa McLatchey and Bob Selton of Colliers International Northeast Florida represented the landlord in the transaction that took just two months to finalize.

“It’s rare to have the opportunity to work with an owner to re-introduce more than 275,000 square feet of Class A space to the market,” Diebel says. “These buildings are located in one of the region’s most active office submarkets. They have large, efficient floor plates and redundant services, including 100% backup power. Now, they will have best-in-class amenities to match the needs of today’s workforce.”

“We pride ourselves on our ability to make decisions and move quickly,” says Matthew Wideman, a partner with Susquehanna Holdings. “These types of deals often take months and months; we were able to expedite that process and meet the tenant’s needs to make this deal work

The lease comes in the midst of a significant renovation of 6735 and 6737 Southpoint Drive S. Susquehanna Holdings purchased the buildings in 2010 and is investing $2 million into exterior and interior upgrades. Renovations began shortly after CSX vacated its lease in March 2018.

Updates include redevelopment of the plaza area, roundabout and site parking; lobby, corridor and atrium renovations; installation of exterior lounge seating and food truck power hook-ups; new roofs and HVAC systems; and redundancy, including 100% back-up power.