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New Warehouse Construction Begins in Jacksonville

Construction site of Park 295 Landing warehouse in Jacksonville

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.