Lane Industrial Park Building 1 is fully leased

Seal Shield will occupy almost 20,000 square feet of space.

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The first 160,000-square-foot building at Lane Industrial Park is fully leased.

Cenntro Electric Group Ltd. is leasing about 100,000 square feet; Conn’s HomePlus, 20,170 square feet; Forward Air, 20,000 square feet; and now Seal Shield, at almost 20,000 square feet.

The city issued a permit Nov. 1 for Emerald C’s Development Inc. to build-out 19,882 square feet of space for Seal Shield at a cost of $511,343.

Jax Industrial One Ltd., the Coral Gables developer led by former Florida Lt. Gov. Carlos Lopez-Cantera, sold Lane Industrial Park Building 1 to New York City-based Bluerock Real Estate L.L.C.

Through BRI 2240 North Lane Avenue LLC, Bluerock paid $19.13 million July 5 for the Northwest Jacksonville property.

Bluerock is an institutional alternative asset manager with $14 billion of acquired and managed assets.

Lane Industrial Park is designed for two 160,000-square-foot warehouses at northwest Lane Avenue and 12th Street.

Colliers Executive Director Guy Preston and Associate Director Seda Preston in Jacksonville comprise the leasing team for the property.

Building 2 at 2280 Lane Ave. N. is shown as under construction for delivery for tenant build-out the first quarter of 2023.

ARCO Design/Build is the contractor for the project at a construction cost of $6.55 million.