TUESDAY August 17, 2021 jaxdailyrecord.com • 35 cents
Bold Bean Coffee Roasters closing its San Marco shop PAGE 2 Public legal notices begin on page 4
Daily Record JACKSONVILLE
THE MATHIS REPORT
Hartz is ready for more Daily Record Jacksonville investment JACKSONVILLE
Daily Record Daily Record JACKSONVILLE
$148M IN ACQUISITIONS
Hartz Mountain Industries Inc. bought five buildings totaling 1.371 million square feet of space Aug. 10. They comprise one building at EastPark Business Park and four buildings at Westside Industrial Park.
JACKSONVILLE
File image
The northern part of the property along Inman Road in St. Augustine near Interstate 95, Florida 16 and the St. Augustine Outlets is now planned for two warehouses.
Ryan no longer developing Amazon delivery station in St. Johns
An unidentified company plans two warehouses on the property. BY KATIE GARWOOD STAFF WRITER
to the industrial real estate industry. New Jersey-based Hartz Mountain Industries, a private investment company, bought five buildings totaling 1.371 million square feet of Milano space Aug. 10. Milano said the warehouses, comprising four in Westside Industrial Park and one in EastPark, are 96% leased. Hartz refers to them as the Jacksonville Core Industrial Portfolio. The Westside Industrial Park and EastPark properties were built from 1993 through 2017.
A Ryan Companies US spokesperson said Aug. 12 it is no longer developing an Amazon.com delivery station along Inman Road in St. Augustine. St. Johns County approved the building permit for the project at 3960 Inman Road in February. Ryan Cos. planned a 125,000-square-foot last-mile distribution facility on 58.74 acres. It would have created 350 jobs. According to a preapplication submitted to the county’s growth management department Aug. 10, another developer is proposing to build two warehouses of 125,000 square feet each on 31.39 acres instead. The developer for the project was not listed. Jacksonville-based Fountains of St Augustine LLC is the property owner of the site at northeast
SEE MATHIS, PAGE 3
SEE WAREHOUSES, PAGE 3
Special to the Daily Record
The New Jersey-based real estate company launched its area presence last week, buying five warehouses for $148 million.
KAREN BRUNE MATHIS EDITOR
Hartz Mountain Industries Inc. President Gus Milano said Aug. 11 the company’s $148 million purchase of five industrial properties in Jacksonville is the first, but not necessarily the last, time it will invest in Northeast Florida. “If the right opportunity arises, we certainly would,” Milano said. “We like Jacksonville.” He referred to the area’s growth and the expanding port business, factors conducive
Riverside Publix shopping center sold for $17.5M The Publix supermarket-anchored shopping center in Riverside sold for $17.5 million on July 23 to a San Francisco-based company, according to a deed recorded with the Duval County Clerk of Courts on Aug. 5. Stockbridge Capital Group purchased the property through SCG Riverside Market LLC from LF2 Riverside LP, managed by West Palm Beach-based North American Development Group. The 28,857-square-foot store at 2033 Riverside Ave. was built in 2002. The 2.89 acre-property includes two retail and restaurant strips along Margaret Street and Riverside Avenue that add a total of 14,700 square feet.
VOLUME 108, NO. 192 • ONE SECTION