WEDNESDAY August 22, 2018
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Daily Record JACKSONVILLE
Availity readies new HQ
New owner for Portiva apartments
Daily Record JACKSONVILLE
Health care IT company will operate out of Gate Parkway building starting Monday.
Myers Apartment Group buys community for $50.7 million.
Daily Record Daily Record JACKSONVILLE
ASSOCIATE EDITOR
JACKSONVILLE Photos by Karen Brune Mathis
KAREN BRUNE MATHIS EDITOR
Starting Monday, Jacksonville-based Availity LLC and about 400 employees will operate at its new headquarters offices at Town Center One. Until then, most employees will work from home as the move is completed to the newly constructed building at 5555 Gate Parkway, across Butler Boulevard from St. Johns Town Center. “This whole office was built for you to get up and move around,” said Molly Miles, Miles vice president of marketing, during a tour Tuesday. Availity previously leased at the nearby WaterView building. The health care IT company will lease most of the five-story, 160,000-square-foot Town Center One, taking 105,000 square feet on the entire third through fifth floors and part of the first. Town Center One developer SEE MATHIS, PAGE 2
BY JAY SCHLICHTER
Availity’s new headquarters at 5555 Gate Parkway features views of Butler Boulevard and St. Johns Town Center. The health care IT company will occupy 105,000 square feet of the 160,000-square-foot building.
In addition to Availity, Town Center One developer VanTrust Real Estate LLC also occupies space in the building.
A “floating” staircase connects the third through fifth floors, allowing employees access within the offices without having to use elevators or to move outside of the secured space.
MORE PHOTOS Each floor of Availity’s office features a theme. The “green” third floor carries an academic theme, such as the pi room.
See more images from inside Availity’s headquarters at JaxDailyRecord.com
Portiva apartments was sold to West Palm Beach-based Myers Apartment Group for $50.7 million. The seller was Portiva Residences LLC, a subsidiary of LIV Development of Birmingham, Alabama. The firm’s president, Robert B. Crumpton, signed the deed Aug. 6. The recently completed 260-unit Southpoint-area community was acquired through a $36.23 million loan using Fannie Mae’s “near stabilization execution,” which provides financing for newly constructed or recently renovated apartment communities expected to achieve stabilized occupancy within 120 days of closing, according to a news release. “The buyer was able to acquire the property at a below-market price, and we helped them achieve the goal of closing before full stabilization, with little risk,” said Mitch Sinberg, the senior managing director of Berkadia, who arranged the acquisition financing. “We anticipate the property will be at full stabilization in the next 30 to 60 days.” Portiva is at AC Skinner Parkway and Salisbury Road off Butler Boulevard. The community offers one-, two- and three-bedroom units from 752 square feet to 1,485 square feet, a saltwater pool, pet park, outdoor fire pits and a yoga training center. The land was sold by Rimrock Devlin Development LLC to Portiva Residences LLC for $3.5 million in April 2016 and a $24.69 million mortgage was obtained by Portiva Residences through Trustmark National Bank.
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Basch Report: ParkerVision reacts as stock tumbles Plus: The Cawton Report, Mathis Report and more. VOLUME 105, NO. 196 • ONE SECTION