The city is reviewing civil engineering plans for Atlanta-based Rooker's proposed 168,000-square-foot speculative building at Perimeter West Industrial Park in Northwest Jacksonville.
The structure is planned on 10.48 acres at Perimeter Industrial Parkway West in the park at northeast Interstate 295 and Pritchard Road.
Rooker Vice President Cason Bufe said by email Aug. 10 no tenants are lined up for the estimated $7 million building.
“We have not set dates yet for construction commencement or completion, but I expect that it will be a 2021 completion date,” Bufe said then.
The new spec building is designed to accommodate up to four tenants.
“Multiple spec industrial buildings in the Jacksonville market have leased up over the last 9 months. The market for Class-A industrial space has tightened significantly over that time,” Bufe said.
RP Perimeter West Two LLC is the developer of the proposed structure. Almond Engineering is the civil engineering new structure.
CEO John Rooker said in April 2019 the company had wanted to invest in the Jacksonville market for some time.
“Jacksonville is experiencing strong population growth and job growth. We expect that our investments in Perimeter West will result in the creation of new jobs and an expanded tax base, which will benefit the local Jacksonville community,” he said in a news release.
He said then that Perimeter West is a central location in the market’s largest submarket of West Jacksonville.
Rooker bought the remaining 39 acres of undeveloped land within Perimeter West Industrial Park in October 2018.
Rooker is a full-service real estate development, design and construction management firm specializing in the industrial, office and government segments.