Pattillo Industrial Real Estate is moving toward development of a warehouse of more than 1 million square feet in its NorthPoint Industrial Park in North Jacksonville.
The Atlanta-based company filed a site development plan with the city for construction of the building with truck courts and car parking along Port Jacksonville Parkway.
The overall plan shows a proposed building of 1.11 million square feet, truck courts and 430 proposed parking spaces on 66.43 acres.
NorthPoint is at northwest Port Jacksonville Parkway and New Berlin Road, north of Faye Road and Interstate 295. It is east of I-95 and North Main Street.
“A potential purchaser has asked us (land owner) to file the land use request. We do agree the type of development proposed would be an asset to the area,” said Peter Anderson, Pattillo vice president of new investments, by email June 18.
He said that as the landowner, Pattillo does not know any potential occupants for the project.
“We would assume construction would occur after land use is approved and tenants are secured,” Anderson said.
In March, Anderson said the company was working on the project in preparation to meet demand.
“We are confirming our ability to construct a building of this size,” Anderson said March 16 by email.
City utility JEA issued a service availability determination letter March 21, 2026, for Building 11 at 3855 Port Jacksonville Parkway at NorthPoint.
Moore Civil Consulting Inc. of Perry, Georgia, is the applicant.
A JEA request means a project is being explored.
A letter from Moore Civil Consulting said the building needs were based on 350 employees, 76 docks and 13,000 square feet of office space within it.
The St. Johns River Water Management District approved a permit April 10, 2026, to modify an environmental resource permit for NorthPoint 11, described as a 1.11 million-square-foot building with a truck court and car parking on 66.43 acres.
Anderson said in March there are no commitments from prospects, but interest was surfacing after several years of soft demand for large buildings.
Anderson said construction costs typically are $70 to $90 per square foot for the base building, without tenant build-out. That means the project could be $77.8 million to $100 million to build.
“The WSJ and others are forecasting an increase in demand in coming years. We hope to be ready,” Anderson said, referring to a March 11 report in The Wall Street Journal.
The Wall Street Journal report said demand is bouncing back for the biggest warehouses after several years of slow leasing activity.
The WSJ said the uptick is being driven by third-party logistics companies and manufacturers, including companies moving production to the U.S. from overseas.
Anderson wrote in a Daily Record guest column Feb. 18, 2026, that after five years of constrained supply and rapidly increasing rental rates, relief had arrived for Jacksonville’s industrial tenants.
He wrote that the market was reaching equilibrium as Jacksonville continued to attract industry due to rent affordability, the available labor force and the business environment.
What’s bubbling in the market
Area commercial real estate firms reported that the first quarter of 2026 marketing activity has stabilized.
At least four “active requirements” top 1 million square feet.
One of those is Johnson & Johnson Vision Care’s proposed 1 million-square-foot packaging and distribution facility at Airport Commerce Center north of Jacksonville International Airport.
The other three have not been identified, although the NorthPoint 11 project generated industry speculation about Pepsi Beverages North America.
Jacksonville-area industrial market observers say Pepsi is on the radar for the site.
Pepsi officials have not responded to requests for comment. Anderson said June 2 that Pattillo had no comment as to the NorthPoint project.
Pepsi Beverages North America is PepsiCo’s beverage manufacturing, sales and distribution operating unit in the U.S. and Canada.
It posted a job opening in mid-May for a warehouse associate leader in Jacksonville, but did not say where. It also posted jobs for a forklift operator and food safety and quality coach.
Those could be for Pepsi’s existing bottling plant and warehouse in South Jacksonville.
Pepsi has had a presence in Jacksonville for decades.
Bottling Group LLC, based at PepsiCo’s headquarters, owns a bottling plant and warehouse property on 23.33 acres at 5829 Pepsi Place at southeast Interstate 95 and Bowden Road.
The site comprises a light manufacturing center at a gross area of 165,535 square feet built in 1986 and a warehouse at a gross area of 97,339 square feet built in 1997. Calls there requesting comment have not been returned.
PepsiCo Inc. is based in Harrison, New York.
Its annual report filed with the Securities and Exchange Commission in February 2026 says PepsiCo Beverages North America’s brands include Aquafina, Bubly, Diet Mountain Dew, Diet Pepsi, Gatorade, Gatorade Zero, Mountain Dew, Mountain Dew Baja Blast, Pepsi, Pepsi Wild Cherry, Pepsi Zero Sugar and Propel.
It operates its own bottling plants and distribution facilities and sells branded finished goods directly to independent distributors and retailers, according to the report.
It also manufactures and distributes some brands licensed from Keurig Dr Pepper Inc., including Crush, Dr Pepper and Schweppes and some juice brands licensed from Dole Food Co. Inc. and Ocean Spray Cranberries Inc.
It also distributes brands owned by Celsius Holdings Inc. and by Tropicana Beverages Group.