business news

Office space breaks ground in Nocatee


International Management Company (ICM) broke ground on a new three-story office building in the Nocatee community this week. The building is the second of three planned office spaces in Nocatee.
In attendance at the groundbreaking were St. Johns County Commissioners Rachael Bennett and James Johns, IMC Vice President, Raja Saoud, and representatives from Nocatee’s master developer, The PARC Group.
The 62,751 square foot, Class A office building joins Advanced Disposal Headquarters in the Fort Wade Road Office Park at 203 Fort Wade Rd., west of Valley Ridge Blvd.
The new Nocatee addition is the first large multi-office building to be built in the Jacksonville area since 2009, according to CBRE (the building’s exclusive listing broker).
“We feel that Nocatee is the most attractive office submarket in North Florida for expanding national businesses,” said Lou Nutter, Senior Vice President at CBRE, in a news release. “Fort Wade Road Office Park will become an important north/south connector as development in Nocatee continues to increase.”
The new office building is expected to be complete by Summer 2016.
For leasing and more information, contact CBRE’s at (904) 630-6341 or