Skip to main content
Jax Daily Record Tuesday, Mar. 6, 201811:02 AM EST

Montreal-based Gildan leasing more than 300,000 square feet in North Jacksonville

Almost $354,000 build-out planned for NorthPort Logistics Center for clothing company.

Montreal-based Gildan Activewear Inc. signed a lease for 306,611 square feet of distribution and office space at NorthPort Logistics Center in North Jacksonville.

The city is reviewing a permit application for a $353,770 build-out at 11530 New Berlin Road for Gildan.

Tenant Contractors Inc. is the contractor and Hota Design Studio is the architect.

A representative of the building ownership said Gildan, with a long-term lease, will fill up the remaining vacant space in the almost 873,000-square-foot warehouse.

Plans show offices, a conference room, breakroom, customer service and showroom in the office portion. The warehouse takes up the majority of the space.

Grimes Logistics leases the rest of the building on a long-term lease, the representative said.

Dan Stover, first vice president with Newmark Grubb Phoenix Realty Group, represented the building owner. Bart Hinson, senior associate with Colliers International, represented Gildan.

Gildan did not immediately respond to an email or call for comment.

The company maintains a global network of distribution centers that service more than 55 markets and handle more than 1.5 billion units each year, according to its site.

Gidlan makes and markets what it calls every day basic apparel under brands for men, women, boys and girls that include its own brand as well as American Apparel, Gold Toe, Anvil, Silks, Peds and others.

It also distributes under the Under Armour brand through a licensing agreement providing exclusive distribution rights in the U.S. and Canada, it says.

It reported net sales of $2.75 billion in 2017, up 6.4 percent from the previous year.

Real Capital Solutions, a Colorado investment group, paid $33 million to buy the NorthPort Logistics Center in September 2015.

The company, based in Louisville, Colo., bought the North Jacksonville property from Atlanta-based Oakmont Industrial Group.

The warehouse was developed in 2009 on 76.8 acres.

Oakmont’s brochure called it the largest contiguous warehouse/distribution space in Jacksonville. It is 2.5 miles from the JaxPort Blount Island Marine Terminal.

Real Capital Solutions bought the property through RCS-Northport CAN LLC and Northport CPY LLC, which own it with a 23 percent and 77 percent interest respectively.

U.S. Bank issued a $28 million mortgage to the limited liability companies.

Real Capital Solutions says it has specialized in real estate workouts, which is the planning, renovation and lease-up or sell-out of economically distressed properties.


Related Stories