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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Web.com Group Inc    WEB

WEB.COM GROUP INC (WEB)
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Web com : Jacksonville's Web.com to construct new company headquarters on Gate Parkway

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11/15/2017 | 10:36pm CEST

Nov. 15--Jacksonville-based Web.com is in the process of developing a new global headquarters.

The internet site designer and marketer for small businesses announced in a news release Wednesday that it is planning a new headquarters in what will be a six-story, 218,700-square-foot building on 18 acres of land set to be opened in Jacksonville in the spring of 2019. The new headquarters will be at 5379 Gate Parkway.

The small business website company launched in Jacksonville in 1997 and has grown to employ 3,800 employees. Web.com CEO and president David Brown said about a third of those employees are split between two office buildings on Jacksonville's Southside at 12808 Gran Bay Parkway West. That's where more than 1,000 employees based in Jacksonville work.

The new headquarters will lead to a more centralized workforce at the new facility that will be called "Town Center Two." The remainder of Web.com's employes work in offices scattered in 28 different markets in the U.S. and five other countries.

The new Web.com building will be owned by VanTrust Real Estate LLC, the news release said.

Drew Dixon/Times-Union

___

(c)2017 The Florida Times-Union (Jacksonville, Fla.)

Visit The Florida Times-Union (Jacksonville, Fla.) at www.jacksonville.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Income Statement Evolution
Consensus
 
Mean consensus
Number of Analysts
Average target price -
Spread / Average Target
EPS Revisions
Managers
NameTitle
David L. Brown Chairman, President & Chief Executive Officer
Jennifer Lada Chief Financial Officer & Senior Vice President
Jane L. Landon Senior Vice President & Chief Technology Officer
Frank Baker Director
Jeffrey M. Hendren Director
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