Tenant Contractors Inc. is building-out space for IEM Power Systems at NorthPoint Industrial Park at a project cost of $915,364,
The city issued a permit Nov. 16 for the electrical systems manufacturer’s space in the 186,500-square-foot Building 3 it will lease at 3600 Port Jacksonville Parkway in North Jacksonville.
Pattillo Industrial Real Estate owns NorthPoint Industrial Park.
IEM has been leasing at 11902 Central Parkway near the University of North Florida and at 13845 Alvarez Road in Jacksonville International Tradeport.
It is expected to move in March.
“This new lease allows us to consolidate our Jacksonville operations into one location and support growth through the addition of numerous capabilities,” Tim Ferguson, vice president of operations at IEM, said in a news release in September.
IEM is a branch of Fremont, California-based Industrial Electric Manufacturing, an independent full-line electrical distribution and power quality equipment manufacturer.
Cushman & Wakefield Managing Director Tyler Newman and Senior Director Jacob Horsley arranged the lease, the release said.
IEM has occupied the Central Parkway structure since 2011. The more than 85,000-square-foot stand-alone building was developed in 1997 in Eastpark at Town Center.
IEM also has been leasing more than 41,000 square feet in a 94,000-square-foot Tradeport building in North Jacksonville since 2017.
Newman and Horsley are representing those buildings for lease.