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Jax Daily Record Friday, May 24, 201906:30 AM EST

City approves $13.7 million warehouse in North Jacksonville

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The 500,000-square-foot project joins a tight industrial market.

The city issued a permit Thursday for Webb Southeast Construction Corp. to build an almost 500,000-square-foot distribution center in Imeson International Industrial Park in North Jacksonville.

The 477,946-square-foot project is planned on 30.69 acres at 250 Busch Drive E. at a construction cost of almost $13.7 million.

No tenant is specified, but utility JEA’s description in a service availability letter calls it a “478,000-square-foot warehouse with 200 employees and 102 loading bays.”

Orlando-based Industrial Park Investments Inc. President Dan Webb said there is no tenant and the building can be divided into spaces to accommodate a minimum 75,000-square-foot user.

“We are confident this building will lease in the current market,” he said in January of the near record-low vacancy rate of about 3 percent among industrial warehouses. That rate remains low.

The plans say the building is being built on a speculative basis.

JEA and city Planning Department documents show the property will have 102 loading bays, 337 parking spaces and 133 spaces for trailer parking.

EnVision Design + Engineering LLC is the civil engineer.


 

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