As industrial vacancy rates remain tight and tenants seek space, Imeson Landing Business Park is taking shape in North Jacksonville.
The project also targets smaller tenants.
The city is reviewing four permits for site clearing and the foundations of three of the five proposed buildings at 1250 Imeson Park Blvd.
Foundation costs total about $9 million and site clearing for the 25.34 acres is shown at $775,000.
Arco Design/Build is the contractor for developer Merritt Properties of Baltimore.
Through Merritt-JAIM1 LLC, the developer paid $1.9 million for the land Nov. 17. It bought the property from Imeson Investments Inc. of Raleigh, North Carolina.
Imeson Landing is described in its marketing brochure as a flex/light industrial business community at northeast Imeson Park Boulevard and Zoo Parkway.
The five buildings range from 39,000 to almost 69,000 square feet, totaling 266,200 square feet.
Delivery is expected in the third quarter.
The permits in review are for the foundations for Building 1 at 39,000 square feet, Building 2 at 40,000 square feet and Building 3 of 58,800 square feet.
The brochure shows Building 4 at 68,400 square feet and Building 5 at 60,000 square feet.
Leases can start as low as 3,000 square feet.
JLL Managing Director Luke Pope and Senior Associate Ross Crabtree are the leasing agents.
“Given all of the tenant demand and new development, the smaller tenant still has very few options. Merritt’s park in Imeson is the first of its kind in Jacksonville for years,” Pope said.