Miles Rivers Partners LLC, through Crossjax Distribution II LLC, intends to develop the $14 million Crossroads Distribution Center Building 300 in Northwest Jacksonville by the third quarter.
The 235,200-square-foot warehouse is planned on 28.48 acres at 6590 Pritchard Road at southeast Pritchard Road and Interstate 295.
Miles Partners Principal Michael Bradley said the speculative structure can be single or multitenant.
WRA LLC of Tampa is the civil engineer. The St. Johns River Water Management District and the city are reviewing the plans.
Miles Rivers Partners is based in Southport, Connecticut.
In March, Link Industrial Management LLC and Link Industrial Properties LLC of Chicago paid $24.25 million for 104.75 acres at southeast I-295 and Pritchard Road from Crossjax Distribution LLC.
The sale included the 297,067-square-foot Building 100 that Crossjax developed in 2019 at 6590 Pritchard Road. It is leased to W.W. Grainger Inc.
Atlanta-based Republic Property Co. built the 126,000-square-foot Building 200 in 2009 at 6600 Pritchard Road.
Miles River Partners LLC and TriGate Capital developed Crossroads Distribution Center.