News Summary
Jacksonville is set to see significant growth with the construction of a new 101,137-square-foot warehouse, Park 295 Landing, at Park 295 Industrial Park. This $12.4 million project, led by Hazel Street Capital and ARCO Design/Build, is expected to attract various service-based businesses. With its prime location near major transport routes, the warehouse is designed to accommodate flexible tenant configurations. The initiative promises to boost local employment and economic activity by the fourth quarter of 2025.
Exciting Developments in Jacksonville: New Warehouse on the Horizon
Jacksonville is buzzing with excitement as construction begins on a brand-new warehouse at the bustling Park 295 Industrial Park! On February 3, the city handed down a construction permit to ARCO Design/Build for what is set to be a stunning 101,137-square-foot speculative warehouse, aptly named Park 295 Landing. This ambitious project is spearheaded by Hazel Street Capital LLC and marks a significant investment in the region.
Big Plans for a Big Space
With an estimated price tag of over $12.4 million for construction, Park 295 Landing is not just a small venture. Hazel Street Capital, now operating under the name Hazel Street Industrial, made a savvy move by purchasing approximately 7.58 acres of land at 2555 Ignition Drive for $1.743 million on November 1 of last year. This prime piece of real estate is perfectly positioned near essential traffic arteries including Interstate 295, JaxPort, and Jacksonville International Airport.
A Smooth Transition
The property initially belonged to Northpoint Development LLC, a company based in Kansas City, Missouri. However, Hazel Street Capital’s acquisition is bolstered by their partnership with Faropoint, a well-regarded real estate investment manager out of Hoboken, New Jersey. The transition is designed for efficiency, with a site-clearing permit previously issued on October 31 for preparing the land, thus paving the way for the final building at the 175-acre Park 295 Industrial Park.
The Builders Behind the Project
In charge of the construction will be ARCO Design/Build, which has also been awarded the subsequent land clearing contract for approximately $3.64 million. The project will be supported by BGE Inc. from Jacksonville serving as the civil engineer and landscape architect, while ECS Florida LLC will take on the role of environmental consultant and geotechnical engineer.
Future Tenants Await
The vision for the Park 295 project, originally developed by NorthPoint Development, encompasses a total of five buildings that add up to roughly 1.7 million square feet of industrial space, with four of those buildings already completed and leased. The new warehouse, Park 295 Landing, is designed with flexibility in mind: it can house four tenants each having 25,000 square feet or two tenants at 50,000 square feet each. Each unit will come furnished with around 1,300 square feet of office space, plus essential tenant upgrades like paint and lighting to give it that polished finish.
Opportunity Knocks in a Tight Market
There’s a lot of buzz surrounding Jacksonville’s industrial market—particularly for small-bay warehouse space. Demand has skyrocketed, which is reflected in the city’s standing as the second tightest market for small-bay properties in the entire United States. Prospective tenants are expected to include various service-based businesses ranging from HVAC to building supply firms, as well as smaller regional third-party logistics operators eager to secure a spot in this prime location.
Local Representation and Future Vision
Newmark Phoenix Realty Group is playing a pivotal role in navigating this project, representing both NorthPoint in the property sale and Hazel Street in leasing transactions. With Park 295 Landing anticipated to be completed by the fourth quarter of 2025, Jacksonville can look forward to not just new jobs and economic activity, but an additional anchor in the region’s vibrant industrial scene.
As the dust settles in the coming months, residents can expect to see a bustling hub of activity sprouting up at Park 295 Industrial Park, driving growth and opportunity in the heart of Jacksonville.
Deeper Dive: News & Info About This Topic
HERE Resources
Jacksonville Announces Major Development Plans
Additional Resources
- Jax Daily Record: Park 295 Landing Permitted for Construction
- Wikipedia: Warehouse
- Jax Daily Record: Site Clearing Permit Issued for Building A at Park 295
- Google Search: Jacksonville industrial market
- Jax Daily Record: Hazel Street Industrial Sees Opportunity for Smaller Warehouse Tenant Spaces
- Encyclopedia Britannica: Warehouse
- Jax Daily Record: Developer Plans Final Park 295 Industrial Warehouse
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.
