Miami Beach-based Hazel Street Industrial is starting work in Westlake Industrial Park to develop what it calls Pritchard Park to focus on small-bay users.
The city issued a permit March 5 for Hazel Street to clear acreage at 9770 Pritchard Road. England-Thims & Miller Inc. of Jacksonville is the civil engineer.
The city now is reviewing two permit applications for Westlake Parcel 5 Buildings 1 and 2 at a total estimated project cost of $15.34 million.
Plans show Building 1 at 97,200 square feet and Building 2 at 60,480 square feet, totaling 157,680 square feet.
Through Pritchard Road Owner LP, Hazel Street paid $2.3 million Jan. 21 for an undeveloped 14.95-acre site along Pritchard Road, east of Directors Road.
Westlake is along Pritchard Road, about 4 miles west of Interstate 295, which connects to Interstates 95 and 10, Jacksonville International Airport and the Port of Jacksonville.
Hazel Street builds, acquires and operates industrial real estate in Florida markets.
Hazel Street said in November it expected to buy Westlake Parcel 5 by late January, start construction in March 2026 and complete the project in the first quarter of 2027.
Hazel Street bought the land from Swift Transportation Co. of Arizona LLC.
Hazel Street Industrial, which rebranded from Hazel Street Capital, recently developed Park 295 Landing, which was completed in fall 2025 in Northwest Jacksonville. The 101,138-square-foot building is divided among four spaces.
“We are seeing a lot of velocity with our Park 295 property,” Managing Partner James Ryan said in November.
“There’s been a slowdown generally, but we have a strong conviction in Jacksonville.”
Ryan said the Hazel Street project is in demand for the small-bay size range.
He said Nov. 17 that the two Pritchard Park buildings would comprise a 97,200-square-foot building for three tenants and a 60,480-square-foot structure for four tenants.
Ryan said the larger building will be divided into two 30,000-square-foot spaces and one almost 40,000-square-foot bay. It will be targeted to manufacturers, assembly and logistics tenants. The structure will have a thicker floor slab and higher clear heights.
The smaller building will comprise four roughly 15,000-square-foot small bays for small manufacturers, logistics and services tenants.
Evans General Contractors will be the contractor. LS3P Associates Ltd. is the architect. England, Thims & Miller Inc. is the civil engineer.
Westlake Industrial Park is dominated by larger buildings, including Southeast Toyota Distributors and a BJ’s Wholesale Club distribution center. The Hazel Street site is across Pritchard Road from a Georgia-Pacific warehouse.
Ryan said Hazel Street would buy the property with “a preexisting partner” that he would not discuss.
The deed, recorded Jan. 26, 2026, shows the address of Pritchard Road Owner LP as that of Faropoint of Hoboken, New Jersey. Faropoint is an industrial real estate asset manager that has partnered with Hazel Street at Park 295 Landing.
Ryan said Kyle Fisher, first vice president of the CBRE commercial real estate company, will represent Hazel Street as the landlord in lease negotiations at Pritchard Park.