REBusinessOnline

FIRST CITIZENS BANK AND TRUST EXPANDS IN NORTHEAST FLORIDA

JACKSONVILLE, FLA. — Raleigh, N.C.-based First Citizens Bank and Trust has acquired two properties and leased a third property for expansion in Northeast Florida. The financial institution purchased three combined lots at the corner of San Marco Boulevard and Cedar Street in Jacksonville to construct a two-story, 6,000-square-foot building that will house its Jacksonville office and San Marco branch. It also purchased a 4,053-square-foot vacant building at 13860 Old St. Augustine Rd. within the Shoppes of Bartram Park. The building previously served as a banking branch of another financial institution. The Federal Deposit Insurance Corp. (FDIC) sold the building to First Citizens for $2.25 million and it will be renovated for the bank’s Julington Creek branch. First Citizens is also relocating its Ponte Vedra branch to 830 State Rd. A1A North within Tournament Plaza through a 2,500-square-foot lease from Sleiman Enterprises. Lee Stine and Rick Sutton of Jacksonville-based Grubb & Ellis/Phoenix Realty Group represented First Citizens in all three transactions.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Request media kit

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties