NAI Hallmark represented the property owner in the agreement for 46,000 square feet of commercial space.
NAI Hallmark announced Aug. 1 it completed a lease for Cenntro Auto to move into space in Beach Boulevard Distribution Center at 11840 Beach Blvd.
It will lease 12,000 square feet within a 46,000-square-foot multitenant showroom warehouse in the Southside submarket.
The property is leased exclusively by NAI Hallmark.
Principal Patrick Thornton, Vice President Jason Purdy and associate Camden Padgett represented EastGroup Properties Inc. in the transaction.
“More companies are choosing Jacksonville as part of their solution to the problem of supply chain issues due to efforts positioning the region as a transportation and logistics hub,” Purdy said in a news release.
New Jersey-based Cenntro Electric Group Ltd. makes light and medium-duty commercial electric vehicles designed for delivery, maintenance and warehouse uses by corporate and government customers.
The Beach Boulevard Distribution Center showroom will be the company’s flagship retail store in the U.S. as it begins assembling electric vehicles at its new assembly and battery fabrication plant at Lane Industrial Park in West Jacksonville. The facility is projected to produce at least 10,000 vehicles a year.
NAI Hallmark is a commercial real estate company specializing in sales and leasing brokerage, property and facilities management and corporate services in Northeast Florida.
Established in 1993, NAI Hallmark is involved in the leasing and/or management of a portfolio of more than 6 million square feet of office, industrial and retail properties.
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