With the permit issued Tuesday, NorthPoint Development is starting construction of its 552,634-square-foot industrial building in the Park 295 Industrial Park.
Jim Cooper Construction Co. Inc. of Birmingham, Alabama, is the contractor for the $21.75 million project on 14.37 acres at 2619 Ignition Drive.
“We've got a tremendous amount of activity on it,” said Ladson Montgomery, senior vice president and principal of Newmark Phoenix Realty Group.
Montgomery said it's designed as a multitenant building and it should be completed by late March. Montgomery, Richard Antczak and John Richardson, all with Newmark Phoenix Realty, represent the park.
Studio North Architecture of Riverside, Missouri, is the architect and Prosser of Jacksonville is the civil and landscape engineer for the first building.
Through NP Jacksonville Industrial LLC, NorthPoint paid almost $4.77 million in August for about 175 acres along Interstate 295 at southwest Duval and Armsdale roads. It bought the property from HG Industrial Commons LLC and HG Industrial Partners LLC, both of Elgin, Illinois, near Chicago.
The site is across Interstate 295 from Amazon.com’s North Jacksonville fulfillment center near Jacksonville International Airport. Newmark Phoenix Realty Group was the exclusive agent for the land.
Marketing plans show that Park 295 is designed for more than 2.1 million square feet of space. A marketing brochure shows five buildings on the site.
NorthPoint, based in Kansas City, Missouri, said previously that it intended to start construction with an almost 553,000-square-foot warehouse. No tenant was identified.
Plans show NorthPoint Development LLC wants to build a high cube warehouse, which is a distribution center primarily used for storage or consolidation of goods before distribution.
At an industry estimate of $40 to $50 per square foot, the project cost of the first warehouse was estimated at $22 million to $27 million.
