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Jax Daily Record Wednesday, Feb. 17, 202105:20 AM EST

Becknell purchase almost doubles its holdings in Westlake Industrial Park

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The developer intends to build three structures totaling 955,000 square feet of space.

Becknell Industrial bought 103 acres at Westlake Industrial Park for expansion, more than doubling its acreage there.

Matt Hubert, senior vice president of leasing and development, said Feb. 16 by email that Becknell bought the property “to continue growing our footprint in the Jacksonville market.”

He said Becknell plans to develop three buildings totaling about 955,000 square feet of space. Plans will be shared through its marketing team, Guy and Seda Preston at Colliers International.

 He said Becknell previously bought three parcels totaling about 150 net developable acres.

Becknell Industrial, based near Chicago, paid $6.06 million for the 103 acres, which carry 1.2 million square feet of development rights.

Becknell bought the property Feb. 12 through Westlake 24 Industrial Venture LLC. 

It bought the land from Norfolk Southern, through Westlake Land Management Inc., of Norfolk, Virginia.

Westlake is along Pritchard Road, west of Interstate 295.

Hubert said the purchase, known as Lot 24, is along Pritchard Road in the southwest area of Westlake. The lot is south of Becknell’s Lot  33 purchase and west of its Lot 21 property.

The purchase expands Becknell’s holdings in Westlake to about 250 net developable acres, Hubert said.

Hubert said Becknell has completed a 185,250-square-foot facility leased to Cardinal Health Services.

He said Becknell has two more sites graded and prepared for development of several buildings totaling more than 1.5 million square feet.

Guy Preston and Seda Preston brokered the sale.

Colliers represents Norfolk Southern, the owner of Westlake Industrial Park, in selling land tracts within the park.

 

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