Categories: Business NewsConstructionEvent PlanningManufacturingNews

Major Industrial Development Planned in Jacksonville

Aerial view of the Jacksonville industrial park construction site

News Summary

Jacksonville is set to welcome a new industrial space development by Becknell Industrial, aiming to build 1.2 million square feet at Westlake Industrial Park. This significant project is currently in the planning phase, with environmental permits under review, highlighting a commitment to sustainability. The 171-acre site is ideally located, facilitating logistics and distribution with easy access to major highways and the Jacksonville International Airport. As the Jacksonville industrial market thrives, this ambitious project reflects ongoing growth and opportunities in the area.

Exciting New Development on the Horizon in Jacksonville

Jacksonville is buzzing with the news of a major new industrial space development that’s on the way. Becknell Industrial, a company known for its large-scale projects, has set its sights on building a whopping 1.2 million square feet of industrial space at the ever-expanding Westlake Industrial Park. This new project is drawing attention, and folks are eager to learn more about what’s coming!

What’s in Store?

The exciting news comes as Becknell prepares to set up a significant construction project, potentially housed in a single building. Although much of the project detail remains under wraps, including who or what might occupy the space, the planning phase is well underway. An environmental resource permit is a necessity for the project, and applications are currently in review with both the St. Johns River Water Management District and JEA. As of February 10, the company submitted a pre-application, and conversations with local authorities are moving forward.

Taking Care of the Environment

With any large development, taking care of the environment is crucial. The current plans will include one modified, one new, and two existing stormwater retention ponds to ensure that proper water management systems are in place. It’s great to see that Becknell is not just thinking about progress, but also about sustainability!

Perfect Location

Now, let’s talk about location! This massive site spans 171 acres that Pritchard Road Florida Becknell Investors III LLC scooped up for just under $9 million back in December 2019. It’s quite strategically located, with easy access to Interstates 295 and 10. Plus, it’s only 17 miles away from the Jacksonville International Airport and 22 miles to the JaxPort Blount Island Marine Terminal. This means it’s not only going to be a hotspot for businesses, but also for logistics and distribution!

Thriving Industrial Market

A glance at the Jacksonville industrial market shows a healthy climate for this kind of development. With a low vacancy rate of 5.5% and strong leasing activity, this area is proving to be a hotbed for industrial growth and opportunity—it looks like this trend is set to continue through 2025. It’s no wonder Becknell is investing in this booming hub!

What’s Next?

This latest project adds to Becknell Industrial’s portfolio at the Westlake Industrial Park, which already includes multiple new buildings. In addition to the new Building 200, which is set to be just over 270,000 square feet at a cost of around $15 million, there are earlier projects underway. The first two buildings cost a combined $30 million and have impressive dimensions too!

Other Exciting Projects

But that’s not all! The neighboring area is a hive of activity, with companies like Sudler Companies also planning a new 345,000-square-foot distribution and manufacturing warehouse. They’ve acquired land within Westlake Industrial Park and are looking to expand, bringing even more job opportunities and services to the city.

As for MWI Property Group, they’re not far behind, having plans for new warehouses that promise to add great value to the area. With all these developments, it’s clear that Jacksonville is on the brink of an industrial boom!

Conclusion

Jacksonville residents and businesses alike should keep their eyes peeled for updates on this exciting industrial park development. With new projects sprouting up and drawing interest, it looks like a bright future awaits this community. As progress unfolds, everyone is hopeful that it’ll bring both growth and opportunity to the region!