Flagler's Deerwood North Business Park Home to New Comcast Jacksonville Headquarters

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Eleven-Year Deal was Second Largest Jacksonville Office Lease in 2009

Flagler announces that Comcast, the nation’s leading provider of entertainment, information and communication products and services, has opened its new Jacksonville headquarters at Deerwood North business park located at 4600 Touchton Road.

Our central location in Jacksonville’s premiere business corridor combined with our first-class surroundings and amenities will allow us to better serve the needs of our growing customer base throughout the Southeast.

Flagler today announced that Comcast, the nation’s leading provider of entertainment, information and communication products and services, has opened its new Jacksonville headquarters at Deerwood North business park located at 4600 Touchton Road in Jacksonville, Fla. In November 2009, Comcast of Greater Florida/Georgia signed an 11-year, $22 million lease with Flagler to occupy the 106,253-square-foot office space. The transaction represented the largest lease by dollar volume to have been completed in Jacksonville during 2009.

“We are delighted to have opened our new Jacksonville headquarters at Deerwood North,” said Tim Horn, Jacksonville Area Vice President and General Manager of Comcast Corporation. “Our central location in Jacksonville’s premiere business corridor combined with our first-class surroundings and amenities will allow us to better serve the needs of our growing customer base throughout the Southeast.”

Comcast leased the space for its headquarters on floors one, two, three and five at Deerwood North, which accounts for 80 percent of the space in the building. One of Flagler’s largest office parks in Jacksonville, Deerwood North is located in the city’s growing central business corridor and is comprised of four Class-A office buildings totaling nearly 500,000 rentable square feet. The business park boasts numerous notable tenants including Arizona Chemical Company, Main Street America Group, Fidelity Investments, Carolina Casualty Insurance and IBM Corporation. The park is accessible from Interstate 95, Florida 9A, J. Turner Butler Boulevard, Southside Boulevard and is near the Tinseltown retail center and St. Johns Town Center.

“Deerwood North is an ideal location for Comcast’s new Jacksonville headquarters as it provides upscale office space amenities and a central location for the company’s 500-plus local employees,” said Flagler President and CEO Jose Hevia. “It is our goal to provide superior office space solutions that enhance a company’s operations, and we are pleased to add Comcast to the growing list of companies who have selected Flagler as a partner for their corporate real estate needs.”

Flagler’s Senior Director of Leasing, Ross Carrier, represented Flagler in the transaction and Binswanger Commercial Division President, David Fahey, represented the tenant.

About Comcast Corporation
Comcast Corporation (http://www.comcast.com) is one of the nation's leading providers of entertainment, information and communication products and services. With 23.5 million cable customers, 16.3 million high-speed Internet customers, and 7.9 million Comcast Digital Voice customers, Comcast is principally involved in the development, management and operation of cable systems and in the delivery of programming content.

Comcast's content networks and investments include E! Entertainment Television, Style Network, Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, 11 regional sports networks operated by Comcast Sports Group and Comcast Interactive Media, which develops and operates Comcast's Internet businesses, including Comcast.net (http://www.comcast.net). Comcast also has a majority ownership in Comcast-Spectacor, which owns two professional sports teams, the Philadelphia 76ers NBA basketball team and the Philadelphia Flyers NHL hockey team, and a large, multipurpose arena in Philadelphia, the Wachovia Center, and manages other facilities for sporting events, concerts and other events.

About Flagler
Flagler is one of Florida’s oldest and largest integrated, full-service real estate companies. Flagler owns, manages, leases, or has under development approximately 13 million square feet of Class-A office and industrial space located in strategic markets throughout Florida. In addition, Flagler provides third-party construction, property management, and brokerage services
and owns 4,400 acres of Florida land, of which 1,650 acres are entitled for up to nearly 19 million square feet of development. Headquartered in Coral Gables, Fla., Flagler is owned by private equity funds managed by affiliates of Fortress Investment Group LLC. For more information on Flagler, visit http://www.flaglerdev.com.

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1.) Flagler announces that Comcast, the nation’s leading provider of entertainment, information and communication products and services, has opened its new Jacksonville headquarters at Deerwood North business park located at 4600 Touchton Road.

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Taylor Mueller

Kathleen Rodriguez
Flagler
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