FY Logistics is preparing for build-out at Eastport Exchange in North Jacksonville, becoming the second tenant in the industrial park.
The city is reviewing a permit for Superior Industrial Group Inc. of Jacksonville to make tenant improvements of 99,771 square feet of space at an estimated project cost of $1.45 million.
The permit is for part of the 312,278-square-foot Building 100 at 1450 Partners Drive. It will be Suite 300.
Michael Blake Architects LLC of Jacksonville is the architect. NV5 Inc., also of Jacksonville, is providing private plan review.”
InLight Real Estate Partners of Ponte Vedra Beach is developing Eastport Exchange east of Eastport Road, south of its intersection with Faye Road.
The general site is south of Interstate 295, east of I-95 and Main Street.
A marketing brochure shows Eastport Exchange starting with four buildings totaling about 900,000 square feet on 136 acres.
InLight Managing Partner David Burch said by email July 13 that FY Logistics is a third-party logistics company that will take occupancy in January 2027 for a seven-year term.
A third-party logistics company, also known as a 3PL, provides services such as shipping, storing and packing a customer’s freight.
FY Logistics describes itself at fylogisticsllc.com as a Jacksonville-based privately owned global solutions and logistics company.
It shows a Jacksonville office at 13291 Vantage Way, Suite 102, in Jacksonville International Tradeport in North Jacksonville and a Puerto Rico office in Cataño.
It says it offers freight brokerage, air freight, sea freight and full truckload services.
A Cushman & Wakefield and GID Industrial brochure shows that about 51,000 square feet of space in Suites 100-102 will be available for lease to tenants as of February 2027. The building is called TDC II.
The Cushman & Wakefield commercial real estate company also is marketing Eastport Exchange.
Colliers Executive Vice President Guy Preston and Senior Associate Tanner Lee represented FY Logistics in the lease deal, and Cushman & Wakefield Executive Managing Directors Tyler Newman and Jacob Horsley represented InLight. All are based in Jacksonville.
“This brings our leased [percentage] to about 25%. We hope to have another 110k SF tenant sign in another building at Eastport soon,” Burch said.
“The market remains relatively wide open for tenants, with landlords having to compete in creative ways to win leases.”
The review for FY Logistics comes after the city issued a permit June 4 for USPly, a Medley-based distributor of wood products, to build out 113,750 square feet at 10155 Inlight Way. The space is within the 312,278-square-foot Building 200.
Burch expects USPly, the first tenant at Eastport Exchange, to take occupancy this fall.
Preston at Colliers represented InLight in the USPly deal. Adam Talbot, principal of Cresa in Miami, represented USPly, which is based near Miami.
Through Eastport Jacksonville Property Owner LLC, InLight bought about 136 acres for almost $26.75 million from three entities affiliated with New York City-based Zion Jacksonville LLC in 2024 to develop Eastport Exchange.
Ares Industrial Management is an equity partner in the park with InLight.
The first phase is available now, according to the marketing brochure.
Buildings 100 and 200 are 312,278 square feet each, and Buildings 300 and 400 each are 132,265 square feet.
Building 100 is at 1450 Partners Drive, Building 300 is at 10135 Inlight Drive and Building 400 is at 10175 Inlight Drive.
The second phase can accommodate up to 900,000 square feet for a build-to-suit project with land that can be served by a CSX rail line.
Eastport Exchange is within a Foreign-Trade Zone, which is a free-trade zone near a port of entry that allows companies to import and export goods paying reduced or no customs duties, taxes or fees.
The industrial park is within 4 to 9 miles of three JaxPort marine terminals and from 1 to 12 miles of the area’s three interstates.
InLight Real Estate Partners confirmed in June 2024 that it intended to buy the property to start construction on industrial buildings totaling about 1.8 million square feet of warehouse space.