New Jersey-based Sudler Companies bought 34.9 acres in Westlake Industrial Park where the real estate developer has been exploring construction of a 345,000-square-foot distribution/manufacturing warehouse that could be expanded to 600,000 square feet in a second phase.
A deed recorded Dec. 30 with the Duval County Clerk of Court shows that Sudjax LLC paid almost $9.96 million for the property Dec. 23.
It bought the land from Westlake Land LLC, part of Atlanta-based Pattillo Industrial Real Estate, which bought the site in 2016.
City utility JEA issued a service available determination letter Nov. 7 to Sudler Companies, based in Chatham, New Jersey, for the project, which is proposed on the site along Directors Road in Westlake Industrial Park.
The letter details connection points.
The site is west of Interstate 295 south of Pritchard Road. The vacant land is across Directors Road from the BJ’s Wholesale Club distribution center.
A site plan filed with the Nov. 4 JEA application shows a first phase of 345,000 square feet comprising 323,180 square feet of warehouse space, 19,780 square feet for a main office and 2,040 square feet for an operations office.
The plan shows two expansion spaces of 127,500 square feet on either side of the warehouse – one for a dry warehouse and one for a cold warehouse.
There are 49 dock doors in the first phase and a total of 91 for both phases.
Sudlerco.com says the company offers “the full spectrum of vertically integrated real estate development services to meet all real estate needs from vision to reality.”
It began in 1907 as a general contracting firm. The company says it is under the fourth generation of Sudler family management.
It says it provides land acquisition and investment; real estate development; general contracting and construction management; property management; and legal expertise.
“From ground-up real estate development projects to strategic real estate acquisitions, we look for partnerships that offer long-term value creation potential. With multi-family investments spanning over 30 states in the US, we have a broad geographic footprint and a deep understanding of regional markets,” says the website.
It says its portfolio spans industrial and commercial developments.
That portfolio includes 14 properties in New Jersey as well as in South Carolina and Florida.
Sudler owns Southern Oaks Business Park in Plant City, where Tesla and food distributor Sysco lease space.
It also added Tesla in South Carolina.
Sudler posted a story Jan. 26 that Tesla announced it is set to open a new distribution center in a 251,000-square-foot warehouse in Greenville County, South Carolina.
It posted that the new Tesla distribution site will be in a warehouse in the Fox Hill Business Park in Fountain Inn.
The facility will be dedicated to regional parts distribution.