JLL has been retained to lease the former JCPenney building at Military Circle Mall in Norfolk. The Norfolk Economic Development Authority (EDA) purchased the property at 880 North Military Highway in 2015 and is redeveloping it for office occupancy.
Movement Mortgage recently signed a lease to relocate and expand its operations center at the building, taking 90,000 square feet. The mortgage company plans to move into the space in the first quarter of 2017.
The assignment for JLL comes as Norfolk is looking at ways to transform the Military Circle and Military Highway area into a vibrant, walkable urban center. The recent announcements expected to drive traffic to the area. IKEA is opening its Virginia second location in the area, and the Norfolk Simon Premium Outlet Center will be located nearby with 90 new stores.
