An almost 3.8 million-square-foot industrial park continues in review for more than 800 acres in North Jacksonville.
The St. Johns River Water Management District is reviewing a Nov. 3 environmental resource permit application for the 811-acre Arnold Road Industrial Park by Saxum Real Estate, a privately held investment and development firm that also is completing a cold-storage warehouse in North Jacksonville.
The city has been reviewing civil engineering plans submitted Nov. 2
Saxum has offices in Summit, New Jersey; Austin, Texas; and Atlanta.
Jacksonville-based England-Thims & Miller Inc. is the civil engineer. ESC Florida LLC of Jacksonville is the geotechnical engineer.
The plans show 10 buildings that range from 126,080 to 1,061,760 square feet.
In emails and statements since Jan. 24, Saxum said it was working on the project with KABR Group, a private equity real estate firm based in Ridgefield Park, New Jersey.
Saxum registered Arnold Road PropCo LLC with the state in November 2022.
Through Arnold Road PropCo LLC, Saxum paid almost $14.5 million on Dec. 9 for two parcels at Arnold Road and Gold Star Parkway.
It bought the land from Laurens Street LLC of Ponte Vedra Beach.
The site is north of Jacksonville International Airport and west of Interstate 95. It is about 3 miles west of an intersection with Pecan Park Road.
Saxum said the property benefits from access and proximity to I-95, the airport and Jacksonville Port Authority terminals.
“Saxum and KABR are evaluating several options for the developable portion of the property including industrial use to support the continued growth of container volume at JAXPORT and the increased focus on freight at the Jacksonville International Airport,” the Saxum statement said in January.
“The project plans to address the undersupply of new, Class A industrial space, which is required to support the significant growth of logistics demand in the market.”
Saxum said the property’s zoning allows uses permitted under a 2009 planned unit development.
“We have engaged several consultants including (a) civil engineer and are evaluating several different layouts and options for the site,” the company said.
On June 8, 2023, the Jacksonville Planning Commission approved a minor modification to the PUD to revise the parking and bicycle ratio and substitute the site plan.
The Jacksonville-based Driver, McAfee, Hawthorne & Diebenow law firm was the agent.
The parking analysis refers to the Baron Land Industrial Center PUD.
“We closed on this land in December, and are working through our long term vision for the site, which will align with the in-place PUD Industrial Zoning,” said Saxum Principal Matthew Wassel by email Jan. 24.
Arnold Road PropCo is led by President Anthony Rinaldi, who is the founder and managing principal of Saxum.
Saxum currently is developing a 334,022-square-foot cold-storage space and freezer facility in Imeson International Industrial Park in North Jacksonville.