Already fully leased, NorthPoint Development has started construction of the 435,943-square-foot Building D at 2845 Ignition Drive in Park 295 Industrial Park in Northwest Jacksonville.
James R. Vannoy & Sons Construction of North Carolina is the contractor for the estimated $26 million shell building on 23.19 acres, according to a pending building permit. The foundation was approved April 21.
Alta Marketing has leased Building D. Completion is expected in mid-December.
The 175-acre Park 295 has 139 developable acres at southwest Interstate 295 and Duval Road. Owners plan about 1.7 million square feet among five buildings.
Newmark Phoenix Realty Group has leased 81% of the total space in less than four years.
Three buildings are fully leased, including Building D. Building E is under construction and available; Building A awaits development as a build-to-suit for a tenant.
Newmark Phoenix Realty Group Senior Vice President Richard Antczak, President and principal John Richardson and Senior Vice President and principal Ladson Montgomery are the agents.