{"id":1004139918,"date":"2016-03-24T07:40:28","date_gmt":"2016-03-24T15:40:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139918"},"modified":"2020-05-17T23:02:58","modified_gmt":"2020-05-18T07:02:58","slug":"movement-mortgage-relocates-largest-operations-center-expands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/","title":{"rendered":"Movement Mortgage Relocates Largest Operations Center, Expands"},"content":{"rendered":"

By Bogdan Odagescu, Associate Editor<\/em><\/p>\n

\"The<\/a>

The former JCPenney building, Military Circle Mall, Norfolk, Va.<\/p><\/div>\n

Norfolk, Va.<\/strong>\u2014Richmond-headquartered Movement Mortgage<\/a> recently announced the relocation of its largest operations center from 841 Seahawk Circle in Virginia Beach to Military Circle Mall in neighboring Norfolk. The move will bring the transfer of 550 employees and the creation of 200 new jobs.<\/p>\n

The company\u2019s Norfolk home will be located at a repurposed former JCPenney within the Military Circle Mall. According to The Virginian-Pilot, the 209,000-square-foot building was bought<\/a> by the Norfolk Economic Development Authority for $2.5 million in 2014. The city and its economic development arm plan on spending $18 million on the conversion of the property into office space. The redevelopment is expected to begin soon and Movement hopes to finalize the relocation by early 2017.<\/p>\n

Movement Mortgage is estimated to shell out approximately $2 million in relocation costs. A company official contacted by Commercial Property Executive<\/a> said that the current Virginia Beach operations office spans over approximately 54,000 square feet and that Movement Mortgage expects to occupy approximately 75,000 square feet of the Military Circle Mall development.<\/p>\n

The office of Virginia Governor Terry McAuliffe reports that the project was secured through the collaboration of the City of Norfolk and the Virginia Economic Development Partnership. The governor approved a $600,000 grant to assist the project. Furthermore, support for employee training activities will be provided through the Virginia Jobs Investment Program.<\/p>\n

\u201cI truly believe this investment is going to spark a massive wave of positive momentum for this community by establishing a dynamic, thriving hub of business activity at Military Circle,\u201d Toby Harris, co-founder & EVP of Movement Mortgage, said in prepared remarks.<\/p>\n

Movement Mortgage was founded in 2008 and currently employs over 3,000 people. The company also has operations centers in Richmond, Charlotte, N.C. and Phoenix, Ariz. In 2015, Movement originated $7.83 billion in home loans.<\/p>\n

Image via Google Maps\/Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Movement Mortgage\u2019s relocation from Virginia Beach, Va., to neighboring Norfolk will transfer 550 employees and make room for 200 new hires.<\/p>\n","protected":false},"author":740,"featured_media":1004139920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,11,21742,21747,36153],"tags":[],"class_list":["post-1004139918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-midatlantic","category-latest","category-office","category-richmond-hampton-roads"],"acf":[],"yoast_head":"\nMovement Mortgage Relocates Largest Operations Center, Expands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Movement Mortgage Relocates Largest Operations Center, Expands\" \/>\n<meta property=\"og:description\" content=\"Movement Mortgage\u2019s relocation from Virginia Beach, Va., to neighboring Norfolk will transfer 550 employees and make room for 200 new hires.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-24T15:40:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T07:02:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1138\" \/>\n\t<meta property=\"og:image:height\" content=\"684\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/\",\"name\":\"Movement Mortgage Relocates Largest Operations Center, Expands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg\",\"datePublished\":\"2016-03-24T15:40:28+00:00\",\"dateModified\":\"2020-05-18T07:02:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg\",\"width\":1138,\"height\":684,\"caption\":\"The former JCPenney building, Military Circle Mall, Norfolk, Va.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Movement Mortgage Relocates Largest Operations Center, Expands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162\",\"name\":\"Bogdan Odagescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96\",\"caption\":\"Bogdan Odagescu\"},\"description\":\"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/bogdanodagescu\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Movement Mortgage Relocates Largest Operations Center, Expands - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/","og_locale":"en_US","og_type":"article","og_title":"Movement Mortgage Relocates Largest Operations Center, Expands","og_description":"Movement Mortgage\u2019s relocation from Virginia Beach, Va., to neighboring Norfolk will transfer 550 employees and make room for 200 new hires.","og_url":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-03-24T15:40:28+00:00","article_modified_time":"2020-05-18T07:02:58+00:00","og_image":[{"width":1138,"height":684,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg","type":"image\/jpeg"}],"author":"Bogdan Odagescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/","url":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/","name":"Movement Mortgage Relocates Largest Operations Center, Expands - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg","datePublished":"2016-03-24T15:40:28+00:00","dateModified":"2020-05-18T07:02:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg","width":1138,"height":684,"caption":"The former JCPenney building, Military Circle Mall, Norfolk, Va."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/movement-mortgage-relocates-largest-operations-center-expands\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Movement Mortgage Relocates Largest Operations Center, Expands"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162","name":"Bogdan Odagescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","caption":"Bogdan Odagescu"},"description":"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.","sameAs":["https:\/\/www.linkedin.com\/in\/bogdanodagescu\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Military-Mall-JCPenney-Google-Maps.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004139918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/740"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004139918"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004139918\/revisions"}],"predecessor-version":[{"id":1004442514,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004139918\/revisions\/1004442514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004139920"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004139918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004139918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004139918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}