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American Express to Buy Land for S. Florida Consolidation

New 400,000-Sq-Ft Regional Headquarters Campus Would Start Construction Next Year, Open in 2017
December 17, 2013
After considering other states, American Express has confirmed it is purchasing about 40 acres in Sunrise, FL, for construction of a regional headquarters.

Tom Sclafani, vice president, public affairs for American Express in New York, said the deal to buy the land in the Sawgrass Mills submarket from Coral Gables-based Flagler Development is expected to close before the end of the month.

The company, which has a nearly 40-year history of operations in Florida, currently leases space in South Florida for a variety of business functions ranging from customer service to human resources, sales and marketing. Current operations include a customer service center in Plantation and facilities in Miramar and Weston.

American Express plans to consolidate those facilities into the Sunrise campus, where it plans to build a 400,000-square-foot building on the east side of NW 136th Avenue south of Sunrise Boulevard.

Construction would begin in fourth-quarter 2014, with delivery slated for 2017. But the site can accommodate far more than just one building for expansion-minded AmEx.

"This land gives us room to grow over time," Sclafani tells CoStar News.

American Express currently employs about 3,500 people in South Florida and about 3,200 positions will be consolidated into the new campus.

The company previously announced it has contracted with DST Output to handle its printing and mailing of credit card bills, which will be relocated from Weston, FL, to California and Connecticut. The move will result in the shedding of 300 positions over the next 12 to 18 months.

The city of Sunrise recently approved up to $10 million in economic incentives, based on a commitment by American Express to retain and create more jobs.

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