JACKSONVILLE, FL, November 13, 2015 – Crocker Partners announced a 57,108-square-foot office lease with Digital Risk, the largest independent provider of risk, compliance and transaction management solutions for the financial services market, at Prominence office park in Jacksonville, Florida.

Located in the desirable Butler/Baymeadows Corridor at 8900 Freedom Commerce Parkway, the 752,000-square-foot Prominence office park is currently undergoing an $8 million renovation to the property, including adding new entryway signage, landscaping package, and individual building cosmetic and mechanical upgrades.  JLL Vice Presidents Kaycee Gardner and Jesse Shimp represented the landlord Crocker Partners, while Tom Green with Providence One Partners represented the tenant in the transaction.

“With the park’s transformation, Prominence office park is gaining momentum as one of Jacksonville’s premiere office parks,” said Crocker Partners Vice President Josh Edwards. “The park is well-positioned as a destination for leading companies with its prime location, value and opportunities for expansion.”

Experiencing a year of active leasing activity, Prominence office park has leased 287,108 square feet of space, including the transaction with Digital Risk and two new headquarters leases with NGA Human Resources, a global leader in HR operations, and Southeastern Grocers, the parent company of Winn-Dixie, BI-LO and Harveys Supermarket. NGA Human Resources signed a 70,000-square-foot lease in March and Southeastern Grocers signed a 160,000-square-foot lease in October. As the park’s rebranding and capital improvements take shape, companies are recognizing that Prominence offers some of the best located and largest contiguous spaces available in one of Jacksonville’s most sought-after submarkets.

“With demand increasing for large blocks of contiguous space, Prominence office park continues to attract a roster of high caliber tenants looking to expand and relocate to Jacksonville,” said Jesse Shimp, Vice President at JLL. “An ownership group like Crocker Partners not only brings financial stability to the park but also reassures tenants they will have a good experience as Crocker Partners takes pride in investing back into the properties they own.”

Crocker Partners acquired the 54-acre office park, formerly known as Freedom Commerce Center, in 2013. Centrally located in the Butler/Baymeadows submarket within a 10-minute drive to St. Johns Town Center and with visibility from I-95, the park includes seven buildings ranging in size from 21,000 to 160,000 square feet.

According to JLL’s Q3 office market research, vacancy is at an all-time low along the Butler Boulevard corridor and Jacksonville Central Business District. The Southside submarket is currently at a post-recession low, not having experienced vacancy rates at current levels since the third quarter of 2008. With vacancy rates expected to decline into 2016 relative to other markets across Florida and the Southeast, Jacksonville is becoming an attractive area for new companies looking to expand their footprint into new business markets.

About Crocker Partners

Headquartered in Boca Raton, FL, with regional offices in Atlanta, Miami, and Jacksonville, Crocker Partners is a leading owner and developer of high profile office and mixed-use properties throughout the southeastern US and Texas.  Crocker Partners has developed and employs a highly disciplined approach to investing with a current portfolio valued at over $2 billion and encompassing over 9 million square feet in Florida, Georgia, and Virginia.  These investments position Crocker Partners as the dominant Class A office owner in Miami and Boca Raton, and owner of top-tier office buildings in West Palm Beach, Tampa, Orlando, Jacksonville and Atlanta.

In all, Crocker Partners principals have owned, managed and developed more than 32 million square feet of Class A mixed-use, office or residential projects valued in excess of $5 billion in the Southeast and Texas. For information contact Angelo Bianco, 561-447-1810, email: investor_relations@crockerpartners.com and visit www.crockerpartners.com.