Jacksonville, Florida, January 8, 2026
Pan American Group is set to enhance its industrial footprint in Jacksonville, Florida, with the construction of a vast 617,760-square-foot warehouse. Located adjacent to the Jacksonville International Airport, this new facility will cater to the increasing demand for distribution and logistics spaces. The project showcases the company’s strategic focus on growth within Jacksonville’s thriving industrial market, which has seen significant rental rate increases over the past years.
Jacksonville, Florida
Pan American Group to Expand Industrial Presence with New Warehouse
Pan American Group is set to expand its industrial presence on Jacksonville’s Westside by constructing a 617,760-square-foot warehouse, enhancing its portfolio near the Jacksonville International Airport.
Project Details
The new development will be located on a 30-acre parcel adjacent to the Jacksonville International Airport, approximately two miles from I-95. The facility is designed to be flexibly divided into units starting at 50,000 square feet, catering to the growing demand for distribution and logistics space in the region. This project follows the success of previous ventures, including Jax Industrial One and Two, which were also financed by First American Bank.
Strategic Significance
Jacksonville’s industrial market has experienced a consistent and healthy upward trajectory in rental rates. Over the past five years, rents have grown at a 14.9% compound annual growth rate, with 28.45% year-over-year growth from 2022 to 2023. This sustained increase reflects the growing demand for industrial space in the area, driven by factors such as population growth, business expansion, and favorable logistics infrastructure.
Company Background
Pan American Companies is recognized as one of the most prominent full-service real estate development and investment firms in Miami-Dade County. The company demonstrates expertise in all aspects of real estate development, including land economics, development of commercial, industrial, and retail facilities, acquisition of investment-grade properties, as well as management, leasing, and customer/tenant relations.
Recent Developments
In July 2024, Pan American Companies sold the Dundas Industrial Park for $24.8 million. The park, located at 440 Dundas Drive in North Jacksonville, comprises three multitenant buildings totaling 138,313 square feet. This sale underscores the company’s active engagement in Jacksonville’s industrial real estate market.
Market Outlook
The Jacksonville industrial market continues to attract significant investment, with rental rates on an upward trajectory. The strategic location of the new warehouse development is expected to meet the increasing demand for logistics and distribution centers in the region, further solidifying Jacksonville’s position as a key hub for industrial operations in Florida.
Conclusion
Pan American Group’s planned warehouse development on Jacksonville’s Westside represents a significant investment in the region’s industrial infrastructure. The project aligns with the company’s strategic focus on expanding its industrial footprint and capitalizes on the growing demand for distribution and logistics space in Jacksonville.
Frequently Asked Questions (FAQ)
What is the size of the new warehouse being developed by Pan American Group on Jacksonville’s Westside?
The new warehouse will be 617,760 square feet in size.
Where is the new warehouse located?
The warehouse is located on a 30-acre parcel adjacent to the Jacksonville International Airport, approximately two miles from I-95.
What is the expected impact of this development on Jacksonville’s industrial market?
The development is expected to meet the growing demand for distribution and logistics space in the region, further solidifying Jacksonville’s position as a key hub for industrial operations in Florida.
What is the background of Pan American Companies?
Pan American Companies is recognized as one of the most prominent full-service real estate development and investment firms in Miami-Dade County, demonstrating expertise in all aspects of real estate development.
What was Pan American Companies’ recent activity in Jacksonville?
In July 2024, Pan American Companies sold the Dundas Industrial Park for $24.8 million, comprising three multitenant buildings totaling 138,313 square feet.
Key Features of the Development
| Feature | Details |
|---|---|
| Size | 617,760 square feet |
| Location | Adjacent to Jacksonville International Airport, approximately two miles from I-95 |
| Flexibility | Units starting at 50,000 square feet |
| Strategic Significance | Meets growing demand for distribution and logistics space in the region |
| Company Background | Pan American Companies is a prominent full-service real estate development and investment firm in Miami-Dade County |
Deeper Dive: News & Info About This Topic
HERE Resources
EQT Real Estate Expands Logistics Portfolio in Jacksonville
Significant Industrial Property Acquired in Melbourne for $4.5 Million
Duval Industrial Wrap to Expand Warehousing Capabilities in Jacksonville
Graybar’s New Atlanta Facility Set to Boost Local Economy
InLight Real Estate Partners Expands with New Logistic Park
154 New Industrial Projects Boost Jacksonville Beach Economy
Jacksonville Beach Experiences Continued Industrial Growth
Securing the Right Commercial Space for Your Business
Hanto + Clarke General Contractors Expands to Jacksonville
Continental Express Expands Operations with New Terminal in Illinois
Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
