The city approved a permit April 6 for Saxum Real Estate to build a 334,022-square-foot refrigerated warehouse at a cost of $60.77 million in Imeson International Industrial Park in North Jacksonville.
Primus Builders Inc. of Woodstock, Georgia, is the contractor for the food distribution facility on 32.37 acres at 9765 N. Main St.
The site is at North Main Street and Van Dyck Road.
A ceremonial groundbreaking is scheduled at 10 a.m. April 18 hosted by Saxum Real Estate, Arcadia Cold Storage & Logistics and Primus Builders Inc.
The single-story food storage/distribution center includes freezer areas, truck docks, office space and maintenance support area.
There are 32 loading docks, 62 trailer storage spaces and 109 parking spaces.
About a third of the facility will be shell space for a future tenant.
Saxum is a vertically integrated investment and development firm with a portfolio of more than 2.6 million square feet of cold storage development. It is based in Summit, New Jersey.
It formed Jacksonville Imeson PropCo LLC in November 2021 for the North Jacksonville project. It bought the 32.4-acre property for $6 million July 27, 2022, from Industrial Park Investments Inc. and Imeson International Industrial Park Inc.
City Council voted 17-0 on Aug. 24 to approve Arcadia Cold Jacksonville LLC to lease and invest $86.5 million in a refrigerated distribution facility in Imeson International Industrial Park.
Office Executive Director Kirk Wendland told the Council Finance Committee on Aug. 16 the company will lease the cold-storage space from the building owner and Arcadia affiliate Saxum Real Estate.
Resolution 2022-0617 provides a five-year, 50% REV grant to Arcadia capped at $2 million. In exchange, the company says the facility would create 60 jobs at an average annual wage of $50,500 plus benefits by Dec. 31, 2027.