Indianapolis-based Scannell Properties will build its 85,000-square-foot speculative Southbound Distribution Center at 2700 Powers Ave. at a cost of $5.1 million.
Jim Cooper Construction Co. Inc. is the contractor. The city issued a permit Feb. 19 for the project, which is east of St. Augustine Road and west of Philips Highway in South Jacksonville.
Scannell Properties #458 LLC bought the vacant 7.8 acres Sept. 15 for almost $1.1 million from the Charles W. Bostwick Revocable Trust.
Cushman & Wakefield Senior Directors Jacob Horsley and Tyler Newman and Senior Associate Taylor Calfee represent Southbound. Horsley and Newman also are the brokers for Scannell’s Freebird Commerce Center in North Jacksonville.
The Cushman & Wakefield brochure says Southbound will be delivered in the third quarter.
Scannell Development Manager Ian MacDonald said previously the speculative building targets tenants needing from 10,000 to 40,000 square feet of space. He said there likely would be up to four tenants but with the flexibility for more.
The brochure says the bay size is 8,500 square feet.
“There is no new product that can accommodate users in the 40,000 down to the 10,000-square-foot range,” MacDonald said. “We are targeting those.”