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Jax Daily Record Friday, Aug. 12, 202203:40 AM EST

Saxum preparing for $60.8 million freezer warehouse

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The facility is planned in Imeson International Industrial Park.

The city is reviewing a construction permit application for Saxum Real Estate to build a 334,022-square-foot refrigerated warehouse at a cost of $60.77 million in Imeson International Industrial Park in North Jacksonville.

Primus Builders Inc. of Woodstock, Georgia, is the contractor for the food distribution facility on 32.37 acres at 250 Busch Drive E.

The site is at North Main Street and Van Dyck Road.

There are 32 loading docks, 62 trailer storage spaces and 109 parking spaces.

Saxum is a vertically integrated investment and development firm with a portfolio of more than 2.6 million square feet of cold storage development. It has offices in Austin, Texas, and Summit, New Jersey. 

It formed Jacksonville Imeson PropCo LLC in November 2021 for the North Jacksonville project.

The project was confirmed in a news release about another deal.

Primus Builders broke ground July 6 with Saxum Real Estate on a two-building, 427,000-square-foot cold-storage development in Burleson, Texas. The news release said upcoming projects for Saxum include Jacksonville and in Ridgeville, South Carolina.

An application and plans filed July 5 with the St. Johns River Water Management District follow civil engineering plans submitted to the city in December and approved.

The water management district application shows Anthony Renaldi as the applicant and operator. Dynamic Engineering Consultants PC, of Delray Beach, is a consultant.

Rinaldi is the founder and managing principal of Saxum. He also is CEO of Saxum Investment Co. LLC and Jacksonville Imeson PropCo LLC.

A Nov. 30 agent authorization letter shows that Jacksonville Imeson PropCo LLC and Saxum Investment Co. have a contract to buy the Imeson land.

Saxum Investment Co. LLC is affiliated with Saxum Real Estate Companies LLC of Summit, New Jersey.

The principal business office is shown as Saxum Real Estate Partners of Austin, Texas.

A June 10, 2021, memorandum and notice shows that Orlando-based Industrial Park Investments LLC and Saxum Investment Co. LLC executed a purchase and sale agreement June 7, 2021, for the property.

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