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Jax Daily Record Monday, Jan. 17, 202205:00 AM EST

Saxum Real Estate developing Imeson cold storage center

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The project is planned on 32.37 acres at North Main Street and Van Dyck Road.

Saxum Real Estate wants to buy property and develop a 333,045-square-foot cold storage center in Imeson International Industrial Park, according to civil engineering plans filed with the city.

Industry estimates show a cold-storage project of that size could cost at least $50 million to build.

Saxum has offices in Austin, Texas, and Summit, New Jersey.

It formed Jacksonville Imeson PropCo LLC in November for the deal.

The civil engineering plans list Todd Gerig as the contact for the LLC as the owner/developer. 

Gerig is director of engineer for Ti Cold, a specialty industrial cold storage builder across the United States. 

It provides construction services, including master site planning and operations guidance. 

Gerig had no comment.

Tippmann Innovation, which includes Ti Cold Storage, is owned by Sam Tippmann. The Tippman family has been associated with the food-processing and refrigeration industry for more than 100 years, according to ticold.com.

Ti Cold has principal offices in Melbourne and in Fort Wayne, Indiana.

Saxum plans to build the project on 32.37 acres at North Main Street and Van Dyck Road. Kimley-Horn and Associates Inc. is the civil engineer.

A Nov. 30 agent authorization letter shows that Jacksonville Imeson PropCo LLC and Saxum Investment Co. have a contract to buy the 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 memorandum and notice shows that Orlando-based Industrial Park Investments LLC and Saxum Investment Co. LLC executed a purchase and sale agreement June 7 for the property.

Saxumre.com says Saxum focuses on buying undervalued and underperforming assets or sites in high-growth markets comprising major logistics and port hubs as well as transit-oriented markets.

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

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