[et_pb_dmm_dropdown menu_id=”2″ parent_menu_padding_top=”10px” parent_menu_padding_right=”10px” parent_menu_padding_bottom=”10px” parent_menu_padding_left=”10px” parent_menu_border_color=”#000000″ module_class=”xs-tablet” _builder_version=”4.22.1″ _module_preset=”default” menu_text_text_color=”#FFFFFF” menu_text_font_size=”14px” background_color=”#353535″ text_orientation=”center” width=”100%” max_width=”100%” module_alignment=”right” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|20px|0px|20px|false|true” custom_css_main_element=”display:inline-flex;||width:100%;” border_width_all=”0px” border_color_all=”#353535″ global_colors_info=”{}” menu_text_text_color__hover_enabled=”on|hover” menu_text_text_color__hover=”#c95b0c”][/et_pb_dmm_dropdown]
337K SF Spec Warehouse Planned for Jax Business Park – Connect CRE

by | Jan 12, 2024 | 0 comments

PCCP and Midwest Industrial Funds have broken ground on a 337,000-square-foot speculative facility within Westlake Industrial Park in Jacksonville, Fla. Completion is scheduled for December.

Commercial Search reports the developer acquired the land at the end of last year for $3.5 million and took out a $19.3 million construction loan from CIBC Bank. The note is set to mature in December 2026.

Partners on the project include general contractor ARCO Design/Build and architecture firm ADB Design Services. Colliers’ Guy Preston and Seda Preston will handle leasing.

The Class A warehouse will feature 36-foot clear heights, 190-foot truck court and 72 dock-high loading doors. The rear-load facility will also comprise 245 vehicle parking spaces and 97 trailer stalls. Plans also include a second, adjacent building set to measure about 193,000 square feet, bringing the total project cost to $60.4 million.

The 33-acre site is at the junction of Pritchard Road and Jones Road, 4 miles from Interstate 295.

Source link


Submit a Comment

Your email address will not be published. Required fields are marked *