Ross Carrier and Gary Cox represented Flagler in the transaction. Peter Crolius and Brad Chrischilles, of Trammell Crow Co., represented Fidelity. "The City of Jacksonville and Cornerstone, the economic development division of the Jacksonville Chamber, were instrumental in bringing Fidelity to Jacksonville," says Karl Hanson, Flagler Development Group vice president and market officer for North Florida. "Fidelity has stated an intention to grow its Jacksonville operations at the outset of this project and Flagler is well positioned to provide Fidelity with options for future expansion or growth."

Fidelity Real Estate Co. is a subsidiary of Fidelity Investments. Flagler Development Group director of marketing and public relations Rosemary Jackson tells GlobeSt.com that Fidelity plans to use the space within the four-story, 113,168-sf building for a new division of the company. The division will move into the space Oct. 1.

The Deerwood portfolio consists of eight class A office buildings with a total of more than one million sf. Four buildings are in the Deerwood North office park and four are in the Deerwood South office park. With the Fidelity lease, the portfolio is 88% leased. "The building is the last of the Deerwood North buildings to be constructed. It was completed in summer 2005," Jackson says.

Fidelity is a good fit for the building, which is devoted to tenants in the financial sector. The building's other tenant is Option One Mortgage Corp., which occupies approximately 60,000 sf, Jackson says.