The Suddath Cos. announced Aug. 22 that its wholly owned real estate development company, Suddath Property Management, has acquired 107 acres at the Airport Commerce Center from Subema LLC with plans to acquire and develop the remaining 200 acres at the site.
Suddath said in a news release Aug. 22 that it previously formed the name Airport Commerce Center LLC and acquired the option June 26 from Flint Development to buy the 307-acre tract from Subema.
Airport Commerce Center is west of Interstate 95 and Pecan Park Road, and south of Gold Star Family Parkway in North Jacksonville near Jacksonville International Airport.
Jacksonville-based Suddath Cos. said the Aug. 12 purchase “marks a significant step forward for Suddath Property Management’s capabilities as a developer of industrial properties, both for affiliated Suddath companies and for third parties.”
Suddath paid $6.945 million for the first phase.
“The Airport Commerce Center property will be a Class A industrial park adjacent to the Jacksonville International Airport” said Steve Suddath, chairman of The Suddath Cos., in the release.
“As a 106-year-old, Jacksonville-based company, we’re proud to continue investing in our hometown and the airport corridor. We will use the development of our own building for our NXTPoint Logistics subsidiary as a springboard for the development of the overall industrial park.”
The site marks the launch for Suddath Cos. to expand in Jacksonville with a significant industrial park of just under 3 million square feet of Class A industrial space.
It will start with a distribution center for Suddath Cos.’ NXTPoint Logistics subsidiary, a distribution, warehouse and fulfillment company.
“This investment will not only serve the growth needs of current and future NXTPoint customers but will also be the future home of our new Logistics Innovation Center – where we will test and showcase the latest in supply chain technologies,” said Mike Brannigan, president and CEO of The Suddath Cos.
Suddath Cos. said in the release that the acquisition builds on Suddath’s recent 350,000-square-foot development in Tampa and current projects in Melbourne and in Lubbock, Texas.
Suddath Cos. said the development of a distribution center for NXTPoint Logistics “represents a significant milestone as it looks to further establish its position as a leading logistics provider.”
“NXTPoint Logistics is one of our highest growth businesses, and we continue to look to invest in and grow NXTPoint in Jacksonville as well as other strategic markets in the Mid-Atlantic, Southeast and Southwest,” Brannigan said.
Established in 1919 in Jacksonville, Suddath Cos. said it has grown into a $900 million global transportation, relocation management and logistics company, serving 180 countries with 2,000 employees worldwide.
With more than 35 locations and 4 million square feet of warehouse space in the U.S., Suddath moves more than 80,000 households, including 30,000 military families, each year.
It says it is North America’s largest commercial mover, and is one of the fastest-growing logistics companies through the NXTPoint Logistics subsidiary.
NXTPoint Logistics says it delivers supply chain solutions spanning distribution, warehousing and fulfillment, managed FF&E (furniture, fixtures and equipment) logistics, domestic and international transportation, and final mile delivery.
It says that with more than 35 facilities nationwide, 4 million square feet of warehouse space, and an extensive partner network, NXTPoint Logistics offers the capabilities of a large 3PL company “while maintaining its commitment to being the most flexible and responsive partner in the industry.”
JAA grants access
The park took a major step toward development when the Jacksonville Aviation Authority board voted unanimously Aug. 7 to grant nonexclusive access for the property at Pecan Park Road.
The JAA vote to grant a nonexclusive easement for the project allows the developer and potentially other parties to have access to the JAA property for future development.
JAA retains the right to use the land and grant additional access.
The Jacksonville City Council voted 19-0 in November 2024 in favor of legislation to rezone and provide a large-scale land use amendment for the project.
The deed executed Aug. 12 shows that Airport Commerce Center LLC bought the property from Subema LLC of Tallahassee.
Suddath will amend state corporate records that show that as of May 15, 2025, Airport Commerce Center LLC was led by Flint Acquisitions LLC and Devin Schuster, co-founder and managing partner of Flint Development of Prairie Village, Kansas.
Plans filed in 2024 with the St. Johns River Water Management District application for Airport Commerce Center had shown Subema as the owner and Flint Development as the contact.
A set of plans for the center were shown as “prepared for Flint Development.”
Suddath is now the full developer of the project.