Two weeks after the first was approved, the city issued a permit Aug. 17 for Building 2 at the W. 12th/Edgewood Logistics Center at northeast Edgewood Avenue and West 12th Street at a job cost of $7.54 million.
The Conlan Co. is the contractor for the 96,037-square-foot warehouse at 2305 Edgewood Ave. N.
The city issued a permit Aug. 2 for Conlan to build the 156,033-square-foot Building 1 at 3415 W. 12th St. at almost $15.75 million.
The two warehouses total almost $23.3 million.
Birmingham, Alabama-based Graham & Co. announced Aug. 24, 2022, it bought 21 acres to develop a two-building, 250,800-square-foot warehouse and distribution center. The site is in Northwest Jacksonville.
It said the acquisition is its third transaction in the Westside market since 2021.
“Jacksonville’s market fundamentals remain solid. We have had success in the Jacksonville market since the early 2000’s and believe this site has tremendous potential as an in-fill location,” said Graham & Co. Vice President Matthew Graham in a news release in August 2022.
Industrial vacancy rates in Jacksonville ranged from 3.1% to 5.6% as of June 30, 2023, real estate market reports show. Vacancies rose as more warehouses were built, while tenants continue to lease the newly completed space.
Graham & Co. said the site acquisition was initiated by Foundry Commercial Senior Vice President Mark Scott, who will be part of the team marketing the property for lease with Foundry Senior Vice President Andrew Hawkins and brokerage associate John Cole.
Scott said the buildings are suited for tenants from 25,000 square feet to the full building.
Conlan and Randall-Paulson Architects will serve as the project’s design/build team, according to the release.
England-Thims & Miller is the civil engineer. SouthState Bank is financing the deal.
The owner is listed on the city plans as JAX Edgewood Partners LLC, based at Graham & Co. in Birmingham.
State corporate records show JAX Edgewood Partners is led by Matthew W. Graham, A. Taylor W. Graham and Henry C. Graham II, all in Birmingham. The name was registered with the state May 9, 2022.