Will Broward Be Adding 225,000 SF To Its Inventory Of Vacant Space?

American Express at Weston Business CenterAmerican Express plans to close its Weston office, laying off 300 employees and moving 100 others to its Plantation facilities.
The company signed an agreement with DST Output to outsource its monthly statement processing for American Express Cardmembers and merchants in North America and Europe. The work will shift to DST Output offices in California and Connecticut starting in early 2014 and continuing into 2015. Once the transition is complete, American Express will exit its office at 2965 W. Corporate Lakes Blvd.
300 employees – mostly those who handle printing and distribution – will be let go. The 100 employees in customer payments and remittance will move to Plantation.
“A growing number of American Express customers are choosing to receive and pay their bills online, minimizing the need for us to maintain stand-alone printing and distribution operations,” said Doria Camaraza, senior VP of American Express World Service. “DST Output is a recognized leader in the customer communications field, and its rigid security protocols are designed to protect customer data.”
There was no word on what will happen to the real estate American Express is leaving. The 225,300-square-foot building located at 2965 W. Corporate Lakes Boulevard in Weston  is owned by the Teachers Insurance & Annuity Association of America. American Express occupies the entire building.
 
Source: SFBJ

 

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