Park 295 is envisioned to include a 1.1 million-square-foot building next to the almost 553,000-square-foot speculative warehouse already planned at the northwest Jacksonville industrial park.
No tenant is identified for either of those buildings or two others outlined on plans for the 167-acre park.
The plan is a conceptual layout meant to show what would fit on the site. It’s not a final design.
The inclusion of the large project coincides with Cecil Commerce Center Developer Hillwood’s report to the city about a prospect looking for sites in town for a 1 million-square-foot warehouse. It sparks interest.
The St. Johns River Water Management District is reviewing a modification to a stormwater system for the property, which is south of Interstate 295 at southwest Duval and Armsdale roads.
NorthPoint Development of Kansas City, Missouri, proposes to buy and develop the property.
The water management district plan shows more detail than a city application approved last week that showed the 553,000-square foot building.
The district plans show four buildings that would fit on the site:
◾ Building A – 118,965 square feet.
◾ Building B – 552,634 square feet. That is the first phase and comprises 50,000 square feet of office space and 502,634 square feet of warehouse space. It includes 402 parking spaces and 138 truck spaces, along with 12 ADA spaces and parking for 22 bicycles.
◾ Building C – 994,080 square feet expandable to 1,157,333 square feet with 246 truck spaces.
◾ Building D – 192,325 square feet with 50 truck spaces.
The park is owned by HG Industrial Commons LLC and HG Industrial Partners LLC, both of Elgin, Illinois, near Chicago.
They bought the property in 2008 and 2009 as the national recession stalled real estate development.
Newmark Phoenix Realty Group represents the current ownership and is working on the deal with NorthPoint.
“It is NorthPoint’s plan to deliver a 553,000-square-foot speculative building in the first quarter of 2019,” said Ladson Montgomery, senior vice president and principal of Newmark Phoenix Realty Group, last week.
Montgomery deferred further comment until the property is purchased.
The site is about 2.5 miles south of Jacksonville International Airport and is west along I-295 from the Dames Point and Blount Island marine terminals. It is across the interstate from an Amazon.com fulfillment center.
The city Concurrency Reservation Certificate signed last week describes the NorthPoint project as a high cube warehouse, which primarily is used for the storage or consolidation of goods before distribution to retailers or other warehouses. Prosser Inc. is the agent.
NorthPoint is a privately held firm active in 16 states. Its beyondthecontract.com website says it developed more than 49 million square feet of industrial space since it began in 2012.
Its largest customer is General Motors, which it helped to develop supplier parks to support manufacturing operations.
Other customers include Amazon, Walmart, Grainger and UPS.
Newmark Phoenix Realty Group is the exclusive agent for the land, which is entitled for up to 2.1 million square feet of industrial development, according to a marketing brochure.