Glenfield Capital is pleased to announce the expansion of SS&C Technologies in Building 700 of Gramercy Woods at 9000 Southside Blvd. in Jacksonville, FL. Glenfield purchased the building along with five additional structures for $53 million on April 17. The new lease covers 33,952 square feet, which increases SS&C’s total leased space to 106,957 square feet and brings the building to full occupancy. Colliers International Northeast Florida facilitated the deal and will continue to handle leasing arrangements for the property.
Additionally, SS&C has signed an economic development agreement with the City of Jacksonville and will add jobs to its existing workforce in the area. The company cited wanting to grow its presence in the Jacksonville area, noting lower costs of living than in other markets, including taxes, housing and living expenses, which result in a higher quality of life for its employees. Jacksonville has established itself as a hub for finance and technology that offers a robust economy and skilled workforce.
“Gramercy Woods is a best-in-class asset. SS&C is experiencing growth along with many companies in Jacksonville,” said James Cate, Glenfield’s Managing Principal. He cited a robust market and noted the city’s “desirability for workers, a balance of supply and demand for office space and growing employers.”
ABOUT GLENFIELD CAPITAL
Glenfield Capital is a private real estate investment company based in Atlanta, Georgia. Its principals have decades of real estate investment experience, including more than $1 billion in advisory and principal activities. Glenfield’s current portfolio includes over 900,000 square feet in the southeastern United States. The company evaluates numerous investment opportunities throughout the Southeast on an ongoing basis, including office and industrial opportunities. For more information, please visit www.glenfieldcapital.com.