The city issued a permit July 19 for Dana B. Kenyon Co. to build the 183,249-square-foot Butler 95 Logistics Center at a project cost of $8.85 million.
Foundry Commercial and Barings are developing the warehouse at 8332 Cypress Plaza Drive at Baymeadows Way.
The city issued the foundation permit April 28 at a cost of almost $1.83 million.
The 13.14-acre site is south of Butler Boulevard between Philips Highway and Interstate 95.
Foundrycommercial.com says the building will be delivered in the first quarter of 2024.
“Designed with today’s logistics users in mind, the park is located in the Butler Corridor on Jacksonville’s Southside. Dock high doors, intermediary ramps, and spec offices are all delivered with shell for fast tenant occupancy options,” says the website.
C4 Architecture LLC of Orlando is the architect.
Foundry Partner Mark Scott and Senior Associate John Cole are the leasing contacts.
“Foundry is developing the building because there is a need for new modern warehouse space on the south side of Jacksonville,” Scott said April 28.
Scott said there has been little new warehouse construction on the Southside for 20 years.
He said in April the vacancy rate among that area’s industrial sector is a tight 2%.
Scott said the speculative project could accommodate up to five tenants.