McKesson Corporation Selects Southside Quarter for New Office Building

(JACKSONVILLE, FLORIDA) – Hines, the international real estate firm, announced today that McKesson Corporation, an industry leader in the distribution of medical supplies, pharmaceuticals and laboratory products, has entered into a lease agreement for a new 125,000-square-foot Class A office building within Southside Quarter, the firm’s signature mixed-use development in Jacksonville, Florida.

The new facility will be home to McKesson’s Medical-Surgical business and will consist of four stories with a modern design and attractive glass accent features.  The new space will provide employees an efficient and collaborative work environment overlooking a central lake in Southside Quarter’s walkable, mixed-use development. The building is being designed by Rule Joy Trammel + Rubio of Atlanta and will be LEED® Silver and WELL certified. Site work is anticipated to start in spring 2018 and McKesson will occupy the building in summer 2019.

“McKesson’s new facility will include a modern workspace that promotes collaboration and wellness features for our employees,” said Michael Huaco, SVP and Global Head of Real Estate, McKesson. “We are excited to continue growing in a community that reflects our focus on employee wellbeing, sustainability and innovation, and offers our employees access to local amenities.”

“We are thrilled that McKesson selected Southside Quarter for its new Jacksonville office and are pleased to kick off the office component in our development with a high-quality, Fortune 500 Company,” said Lane Gardner, senior managing director for Hines.

Located at the southwest quadrant of J.T. Butler Boulevard and I-295, and adjacent to the St. John’s Town Center, Southside Quarter is a 110-acre mixed-use, master planned community integrating office, commercial, hotel, residential and green space in a walkable environment.  Already under construction at Southside Quarter are 306 luxury apartments and approximately 135 homes by David Weekley under its Central Living brand. At build out, Southside Quarter is projected to have up to 350,000 square feet of office, 1,100 residential units, 140 hotel rooms and 100,000 square feet of restaurant and retail.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 21 countries. Hines has approximately $100 billion of assets under management, including $54.5 billion for which Hines provides fiduciary investment management services, and $45.5 billion for which Hines provides third-party property-level services. The firm has 113 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,262 properties, totaling over 414 million square feet. The firm’s current property and asset management portfolio includes 529 properties, representing over 213 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.