FRIDAY August 30, 2019
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Freebird Commerce Center wins city permits
NORTH FLORIDA Daily Record WAREHOUSE BOOM JACKSONVILLE
Indianapolis-based Scannell Properties cites tight industrial market for developing two speculative buildings in North Jacksonville.
Daily Record Daily Record JACKSONVILLE
BY KAREN BRUNE MATHIS EDITOR
173 acres at 13522 Pritchard Road in Westlake Industrial Park west of Interstate 295. Fogarty estimates the potential investFogarty ment at more than $50 million. Centers that size typically are e-commerce facilities that ship orders to consumers or are other types of fulfillment warehouses that send goods to retail stores and other brick-and-mortar customers. Jacksonville’s three newest centers developed or under construction of that size are driven by e-commerce — two Amazon.com facilities in North Jacksonville and in Westside’s Cecil
Scannell Properties was cleared to build two speculative warehouses at its Freebird Commerce Center distribution park in Jacksonville International Tradeport. Jim Cooper Construction Co. is the contractor for the two structures that total 273,890 square feet of space at a combined job cost of $13.5 million. The city issued the permits Wednesday. The 18.76-acre site is at 13225 Vantage Way, at southwest Interstate 95 and Airport Road. The structures comprise the 156,000-square-foot Building One at $7.7 million and the 117,890-square-foot Building Two at $5.8 million. The city previously approved permits for Jim Cooper Construction to build the foundations at $1.7 million. Indianapolis-based Scannell Properties, an international commercial real estate developer and investment company, bought the property in December for almost $1.63 million. CrossHarbor Capital Partners of Boston partnered with National Life Group to provide a $142 million construction mortgage to Scannell to finance projects in Florida, Georgia and Texas, including the $18.3 million Jacksonville development. Cushman & Wakefield is marketing the Jacksonville project. A brochure shows the project
SEE MATHIS, PAGE 3
SEE FREEBIRD, PAGE 2
JACKSONVILLE
BIG SPACE TO FILL
Becknell Industrial proposes a 1.1 millionsquare-foot distribution center at 13522 Pritchard Road in Westlake Industrial Park. The site also has space for a 187,500-square-foot building. This is the interior of Becknell’s 185,250-squarefoot completed warehouse at Westlake.
Special to the Daily Record
KAREN BRUNE MATHIS EDITOR
At least five 1 million-squarefoot distribution centers are review, including the latest by Becknell Industrial in Westlake Industrial Park.
What’s up with all of these 1 millionsquare-foot proposed distribution centers? It could be that some brand-name tenants need Southeast facilities, indicating that the economy is supporting the investment. At least five warehouses that size are proposed and four previously have been reported. “We’re very emboldened by the activity,” said Dan Fogarty, executive vice president of development for Lyons, Illinois-based Becknell Industrial. Becknell Industrial is the latest developer to propose a 1.1 million-squarefoot distribution center in Jacksonville, meaning the market is heating up for large projects that typically create hundreds of jobs. Becknell proposes a 1,108,080-square-foot building on
Happy Labor Day The Jacksonville Daily Record will not be published Monday for the Labor Day holiday. It will resume publication Tuesday. VOLUME 106, NO. 202 • ONE SECTION