Newmark Phoenix Realty Group said it completed its first tenant lease at Park 295 Landing, a speculative warehouse under construction that will be finished by the end of September.
Senior Vice President Bryan Bartlett and director Richard Antczak at Newmark Phoenix Realty Group said Pas Reform North America pre-leased 16,928 square feet of space in the 101,138-square-foot building, which is at 2555 Ignition Drive at southwest Interstate 295 and Duval Road in Northwest Jacksonville.
Faropoint of Hoboken, New Jersey, and Hazel Street Industrial of Miami Beach are developing Park 295 Landing. Faropoint is a real estate investment manager. Hazel Street builds, acquires and operates industrial real estate in Florida markets.
The city issued a permit Aug. 11 for a monument sign at the project, that lists the names Faropoint and Hazel Street. The sign has the address and spaces for four future tenants.
General Sign Service Inc. is the contractor for the $15,000 project.
Pas Reform operates in the poultry industry. It says its mission is “to deliver uniform, healthy day old chicks.”
Newmark Phoenix Realty said Pas Reform is the world’s only single-source supplier of integrated hatchery solutions and will be relocating from its North Jacksonville location at Alta Lakes Commerce Park, which is owned by Faropoint, to Park 295 Landing.
“The ownership is pleased to have them as a tenant in the park as and look forward to their continue growth and success,” Newmark Phoenix Realty said.
Florida-based NatureForm Hatchery Technologies announced in January 2020 that it was changing its corporate name to “Pas Reform North America LLC” as it completed its corporate transition and integration that began with the merger of NatureForm and Pas Reform in 2014.
The company announced the name change came as it opened a 36,000-square-foot sales and support warehouse at 2550 Cabot Commerce Drive in Alta Lakes Commerce Park.
The company said it plans to retain the NatureForm brand as a product name for its SmartPro NF incubators and niche game bird and specialty vaccines markets.
At the time, NatureForm had been operating for more than 30 years. It was acquired five years earlier by Dutch parent company Royal Pas Reform, which brought to the U.S. market “the integrated one-stop-shop approach in supplying complete hatchery solutions – including incubators, climate control and hatchery automation systems.”
It said the company supplies equipment to the hatcheries “of most of the leading integrations in North America.”
Pas Reform North America President Steve Warren did not immediately reply to a phone call and email requesting comment.
Through FP-Hazel Park 295 Owner LP, Faropoint and Hazel Street Capital bought 7.58 acres Nov. 1, 2024, from NorthPoint Development LLC for $1.743 million.
ARCO Design/Build is building the 101,138-square-foot shell warehouse at a project cost of $12.4 million.
The city issued a permit for site clearing Oct. 31, 2024, at a project cost of almost $3.64 million and the building permit Feb. 3, 2025.
Permits issued for mechanical, plumbing and fire systems total almost $438,000.
The building is the fifth and final building at the 175-acre Park 295 Industrial Park that NorthPoint, of Kansas City, Missouri, has been developing.
A Newmark Phoenix Realty Group site brochure shows four tenant spaces, with the remaining three from 25,195 square feet to 33,636 square feet.