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Jax Daily Record Monday, Apr. 25, 202205:00 AM EST

Atlanta developer pays $8.5 million for North Jacksonville land

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Seefried Industrial Properties proposes to build a 525,000-square-foot warehouse.

In another move to meet Jacksonville’s industrial warehouse demand, national industrial real estate firm Seefried Industrial Properties bought 63.4 acres in North Jacksonville, where it previously submitted plans for a 525,000-square-foot warehouse.

Through Seefried-PSA JAX LLC, Seefried paid $8.5 million for two parcels of the 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. It comprised two parcels – 32.08 acres and 31.32 acres.

Property records indicate about 53.6 acres is listed for a light industrial use.

A satellite image of the property, which is west of Interstate 295 adjacent to North Main Street. (Google)

The St. Johns River Water Management District is reviewing an application for the warehouse at 186 Pecan Park Road, at southwest Pecan Park Road and North Main Street.

Plans do not identify a tenant. The site will have parking for 295 cars and 164 trailers.

The applicant is Seefried-PSO JAX LLC, part of Seefried Industrial Properties.

Kimley Horn and Associates is the civil engineer. LG2 Environmental Solutions is the environmental consultant.

A-B Distributors Inc. is shown as the property owner.

The site plan for the property.

The conceptual plan identifies the project as Building 100, indicating more are planned.

Jacksonville’s first-quarter industrial vacancy rate is below 4% 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 leases and manages about 40 million square feet for its institutional and European clients and has developed, or is developing, about 190 million square feet of space valued more than $17 billion across more than 120 markets.

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.

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