Monthly Archives: September 2015
The popularity of JaxPort (No. 1 in the state in terms of TEU’s handled; more automobile exports than any port in the country) is driving growth in the industrial warehouse market in Jacksonville. It is expected that the demand for warehouse space in this market will soon lead to Built to Suit projects, and eventually spec development. With pending projects, including the ICTF (Intermodal Container Transfer Facility) near the Dames Point, river dredging and new cranes, we should continue to see growth at JaxPort and in the warehouse and logistics industry.
Family Dollar is planning a new location on Emerson Street, just east of I-95. The building would be 9,200 SF and located on 2.13 acres.
Dunkin Donuts is remodeling a former Jacksonville Bank, located on Atlantic Boulevard in Landmark Station Shopping Center, close to Girvin Road. The store would seat 32 people and feature a drive thru.
Baptist Health is planning an expansion of their call center space, located in Metro Square office park at Philips Highway and Emerson Street. Baptist wishes to occupy an additional 22,000 square feet of space, which would bring its total footprint in the center to 120,000 square feet.
It has been reported that Gate Petroleum may buy a site in Brooklyn, at Park Street and Forest Street, just off Riverside Avenue. An agreement has been reached between the owner of the property and Gate, however they are still in the due diligence phase.
Grant Thornton LLP, the 6th largest accounting firm in the country, will be opening a new office in downtown Jacksonville on Monday. The firm, which is headquartered in Chicago, has tapped into local talent to lead the office, hiring Julie Lamey, former director of Deloitte’s Jacksonville office.
M Shack is planning a new location in Nocatee Town Center, taking the end cap of a new retail center (12K SF) that is being developed by Skinner Brothers Realty. The retail center will be completed by the end of this year, and build out for the restaurant will begin in mid January. This will be M Shack’s fourth location in Northeast Florida. M Shack is a creation of local chef Matthew Medure, and has been highly successful since opening their first store in 2011.
Gresham Smith & Partners (GS&P), a design and consulting firm, has been in Jacksonville since 1989 and currently occupies office space on Belfort Road. The company will be moving in mid-December to One Enterprise Center in the Downtown CBD, and will occupy 10,700 SF on the 22nd/top floor. In a news release, the reasoning behind the move was due to “belief in the potential of Downtown” and to be in the “epicenter of the Jacksonville business community”.
Port Jax Trade Center, an industrial park located off of Alta Drive and just over 1 mile from the Dames Point, recently signed on two new tenants, bringing the newest building up to 75% occupancy. Lockheed Martin, who does work for the Navy, will be taking on 24,000 square feet, and Clovertech, a printer cartridge recycler will occupy 30,000 square feet. Port Jax Trade Center is represented by Colliers agent Bart Hinson, and already features high profile tenants, including W&O’s North American Headquarters, and Hoegh Autoliners. According to the owner/developer, he plans to continue to build on spec, one building at a time. There are currently 3 dock high multitenant buildings within Port Jax Trade Center.
Publix Super Markets, with 49 stores in the NE FL region, is currently at about $16.4M in its renovation of some 17 area stores in just the past two years. The latest is its Reedy Branch Commons store that will undergo a $900k renovation that was just applied for. Karen Brune Mathis has the mention of Publix’ tab so far in this article (under a different title).
Karen Brune Mathis of The JAX Daily Record reports Arizona-based Walton Group International USA has purchased 692 acres for residential development just north of the airport for about $3.91M, or about $5,650/acre. Walton owns a massive 3,347-acre development in Northeast Polk County where it plans almost 6k units, 381k SF of commercial, a school site and 1,120 acres of preservation land.
Calavo Growers, an international avocado processing company, says it will bring 262 new jobs over the next five years to Green Cove Springs in Clay County, in the southwest section of the JAX metro area, where the California-based company just leased a 208k SF distribution facility formerly occupied by Food Lion. Clay County beat out a competing location near Atlanta. The company has $782M in annual revenue according to its 2014 annual report and an article from Carole Hawkins of The JAX Daily Record.
Ameris Bank took 35k SF of 28-story Riverplace Tower back in July and will have its name atop the tower, according to an article from Karen Brune Mathis of The JAX Daily Record, along with a brief announcement that Regal Stadium 20 has applied for a zoning variance to sell beer and wine at its Philips Highway theaters and Jimmy Hula’s has filed for a permit to open in Orange Park, the first location outside central Florida for the chain.