Jacksonville, January 13, 2026
Intercontinental Exchange (ICE) is investing $53.6 million in a comprehensive renovation of its Deerwood office in Jacksonville, Florida. This investment is part of ICE’s strategy to enhance operational capabilities and accommodate a growing workforce, especially after its acquisition of Black Knight Inc. The renovation process is underway, but a completion timeline has not been disclosed. This initiative reflects ICE’s commitment to fostering economic growth in Jacksonville, emphasizing the region’s strategic importance for its future operations.
Jacksonville, Florida
Intercontinental Exchange’s $53.6 Million Renovation in Jacksonville
As part of its strategic growth plans, Intercontinental Exchange (ICE) is investing $53.6 million in a significant interior renovation of its Deerwood office building in Jacksonville, Florida. This initiative is driven by the company’s commitment to expanding its facilities and meeting the demands of its growing workforce in the region.
The renovation plans for the Deerwood office are currently making their way through Jacksonville’s permitting process. Although specific details about the project have yet to be released, this substantial investment highlights ICE’s intention to enhance its operational capabilities in Jacksonville. Notably, there is no timeline available for when the renovation is expected to be completed.
ICE’s Expansion and Workforce Growth
This renovation comes on the heels of ICE’s acquisition of Black Knight Inc. in September 2023, a move that has significantly increased its footprint in Jacksonville. By the end of 2024, ICE’s Florida workforce is expected to number around 2,970, more than any other state in the U.S. This underscores the strategic significance of the Jacksonville location, which is poised to play a key role in ICE’s future operations.
Investment in Infrastructure
Alongside the Deerwood renovation, ICE has set ambitious capital spending plans for 2024, earmarking $100 million for expansions and improvements across its office spaces in New York, London, and Jacksonville. These investments are essential components of ICE’s strategy to bolster its global infrastructure while supporting the expansion of its operational capabilities.
Positive Market Response
As of January 13, 2026, shares of ICE are trading at $166.25, reflecting a strong vote of confidence from investors regarding the company’s strategic direction and financial health. The planned upgrades and expansions are viewed favorably as efforts that will enhance the company’s long-term growth prospects.
Implications for Jacksonville’s Economy
The substantial investment by ICE in Jacksonville illustrates a broader trend of private sector investment contributing to local economic growth. As the company continues to expand, it not only creates jobs but also reinforces Jacksonville’s position as a favorable location for significant corporate investment. This can be beneficial for local entrepreneurs and small businesses, fostering a thriving economic environment.
Conclusion
The renovation of ICE’s Deerwood office is an important step in enhancing the company’s operational infrastructure and supporting the growth of its workforce. With strategic investments in the region, ICE is well-positioned to contribute to the ongoing economic development of Jacksonville. Community members are encouraged to support local businesses and engage with efforts that bolster Jacksonville’s economic future.
Frequently Asked Questions (FAQ)
What is the purpose of the $53.6 million renovation at ICE’s Deerwood office building?
The renovation aims to enhance ICE’s operational infrastructure in Jacksonville, accommodating a growing workforce and supporting the company’s strategic objectives in the region.
When is the renovation of the Deerwood office building expected to be completed?
A specific timeline for the completion of the renovation has not been provided by ICE.
How many employees does ICE have in Florida?
As of December 31, 2024, ICE employed 2,970 individuals in Florida, more than in any other U.S. state.
What other capital spending plans does ICE have for 2024?
In addition to the Deerwood renovation, ICE has allocated $100 million for office space expansion and improvements across New York, London, and Jacksonville in 2024.
What is the current stock price of ICE?
As of January 13, 2026, ICE’s stock is trading at $166.25 per share.
Key Features of ICE’s Deerwood Office Renovation
| Feature | Description |
|---|---|
| Investment Amount | $53.6 million |
| Location | Jacksonville, Florida |
| Purpose | Enhance operational infrastructure and accommodate growing workforce |
| Timeline | Specific completion date not provided |
| Related Capital Spending | $100 million for office space expansion and improvements across New York, London, and Jacksonville in 2024 |
| Employee Count in Florida | 2,970 as of December 31, 2024 |
| Stock Price | $166.25 per share as of January 13, 2026 |
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