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Jax Daily Record Wednesday, Aug. 5, 202010:51 AM EST

City’s first Amazon.com fulfillment center sells for $107.8 million

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The online retailer continues to lease the property, which opened in September 2017.

The developer of the Northwest Jacksonville Amazon.com fulfillment center sold the property July 30 for $107.8 million to JDM Partners of Phoenix.

RELP Duval LLC, part of USAA Real Estate Co. of San Antonio, sold the 169.18-acre property at 12900 Pecan Park Road to JDM AMZN JAX LLC.

The fulfillment center is a multilevel building with a base size of 875,580 square feet and a total interior square footage of about 2.4 million square feet.

Goldman Sachs Bank USA of New York financed the deal. It issued a $69.9 million mortgage to JDM for the Jacksonville deal and a property purchase in Kansas City, Kansas.

The Jacksonville center is at Duval and Pecan Park roads, just off Interstate 295 and a mile and a half south of Jacksonville International Airport.

Amazon leases the center. The Seattle-based online retailer opened it in September 2017 to fulfill orders for small items. It opened a 1.1 million-square-foot fulfillment center for larger goods a month later in AllianceFlorida at Cecil Commerce Center in West Jacksonville.

Amazon has since opened or planned several more fulfillment, sortation and delivery centers in Northeast Florida, including a 1 million-square-foot project in review at Imeson Park in North Jacksonville for its softlines apparel category.

USAA Real Estate Co. through RELP Duval LLC, paid $15 million in July 2016 for the Pecan Park Road property to develop the e-commerce center.

RELP also paid $700,000 for smaller parcels along Pecan Park Road and Duval Road.

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