As Jacksonville area industrial vacancy rates fall to 3.5% and below, developer Seefried Industrial Properties filed civil engineering plans with the city Aug. 18 for a proposed 525,000-square-foot warehouse at southwest North Main Street and Pecan Park Road in North Jacksonville.
The project, called the Pecan Park Warehouse, is on 66.15 acres with 289 parking spaces.
No tenant or user is identified.
It is called Building 100, indicating more development might be possible.
Seefried-PSO JAX LLC of Atlanta is the developer. Kimley-Horn & Associates Inc. of Jacksonville is the civil engineer.
Through Seefried-PSO JAX LLC, Seefried paid $8.5 million for two parcels of undeveloped timberland April 21. It bought the property from A-B Distributors Inc. of Jacksonville.
The deed was recorded April 22 with the Duval County Clerk of Courts.
Property records indicate about 53.6 acres is listed for light industrial use.
The St. Johns River Water Management District is reviewing an application for the warehouse at 186 Pecan Park Road.
LG2 Environmental Solutions is the environmental consultant.
Area commercial real estate firms report that Jacksonville’s second-quarter industrial vacancy rates ranged from 3.1% to 3.5% as of June 30 as landlords work to add more buildings for prospective tenants.
Ferdinand Seefried founded Seefried Properties in 1984.
Seefriedproperties.com says the company specializes in the development, leasing and management of industrial real estate across the U.S.
It has regional offices in Dallas, Chicago, Los Angeles and Phoenix.
Seefried partnered with USAA Real Estate Co. in 2016 to develop land for Jacksonville’s first Amazon fulfillment center in Northwest Jacksonville.
The developed property sold to an investor for $107.8 million in July 2020.
