Pattillo Industrial Real Estate applied to the city to build a second speculative distribution center, called Building 3, along Imeson Road in West Jacksonville.
Pattillo wants to build an almost 298,000-square-foot shell building and its foundation at 5800 Imeson Road at a combined construction cost of almost $15 million.
Vice President Peter Anderson said the building can be split for two tenants.
He said there were no committed tenants, although there are a few prospects.
Anderson said he expects the building will be completed in spring 2023.
The building construction cost is $10.5 million and the foundation is $4.49 million.
Counting the site-clearing permit issued Nov. 23 at a job cost of almost $3 million, the total reaches $18 million.
Jacksonville-based Dana B. Kenyon Co. is the contractor.
Building 1 is the BMW regional parts distribution center. Building 2 is under development.
Imeson Industrial Park Land LLC, a Pattillo affiliate, owns the land.
The city issued a permit April 15 for Pattillo to develop the speculative Building 2 warehouse at 6040 Imeson Road.
Dana B. Kenyon Co. also is the contractor for the almost 173,000-square-foot center, Imeson Building 2, at a cost of $13.95 million.
The city approved site clearing Nov. 23, 2021, and foundation construction Feb. 3, boosting the total cost to $17 million.
“We are starting construction immediately,” Anderson said Dec. 5.
He said the building is designed for multiple tenants. A Pattillo brochure shows it is divisible for tenants of at least 40,000 square feet.
The two speculative warehouses at the site at northwest Imeson and Pritchard roads total more than 470,000 square feet of space.
Anderson said previously the speculative buildings are planned on the parcel next to the BMW center.
The property is part of Westside Industrial Park, which Pattillo affiliate Stone Mountain Industrial Park developed. Atlanta- based Stone Mountain is the member of the land ownership LLC.
Distribution space is in demand by shippers, retailers, manufacturers and e-commerce fulfillment centers.
In the first quarter of 2022, industrial vacancy rates in Jacksonville ranged from a tight 3.3% to 4%.
The largest area industrial markets are West and North Jacksonville.
