VanTrust Real Estate LLC will soon be completing its 11-building, 393-acre Imeson Park and Imeson Park South industrial parks in North Jacksonville.
The property is east of Interstate 95, south of I-295, and near the Blount Island Marine Terminal.
Imeson Park has been built-out with four buildings totaling 2.5 million square feet on 156 acres along Cold Storage Road at northeast North Main Street and Zoo Parkway.
VanTrust Real Estate said the Imeson Park South master plan totals almost 3.3 million square feet among seven buildings on 237 acres, south of Imeson Park.,
Now, Imeson Park South, where German vehicle manufacturer Holon intends to build a plant, is near completing the seven structures that will occupy the park at 1511 Zoo Parkway.
Jacksonville-based England-Thims & Miller Inc. is the civil engineer.
For Imeson Park South’s sixth building, the city is reviewing civil engineering plans for Building B2, also called Building 600. The 235,735-square-foot building is designed on 32.3 acres.
Marc Munago, VanTrust executive vice president in Jacksonville, said Sept. 10 the warehouse is speculative, meaning no tenant has been signed. It could be a single-tenant or multitenant warehouse.
“We are in design and would hope to get permitted and underway by the end of the year,” he said.
The seventh warehouse is for Holon as Building F, also called Building 700. The 491,492-square-foot building initially was designed as 216,320 square feet. That site is 41 acres.
Munago expects civil engineering plans to be submitted soon.
Holon announced Sept. 4 that it is building a $100 million facility for completion in 2026 to manufacture self-driving EV public transit vehicles as the state’s first autonomous vehicle assembly facility and the company’s first North American plant.
VanTrust has completed four buildings and is completing two more north of the CSX railroad track and Holon will be south of the track on a triangle-shaped site.
Other than Building B-2 and Holon, the first five structures at Imeson Park South are:
• Building A (Building 100). The 202,800-square-foot building is a completed build-to-suit that is occupied by Sub-Zero Group Inc. The city issued a permit in June 2022.
• Building C (Building 200). The 547,200-square-foot building is leased by European-based budget fashion retailer Primark for its expansion in the southern U.S. The city issued a permit in June 2022.
• Building E (Building 300). The 1 million-square-foot building is leased to Sam’s Club, the wholesale membership club division of global merchandiser Walmart Inc. The city issued a permit in September 2022. VanTrust Real Estate sold the 1 million-square-foot center to a Coral Gables group for $95 million. Through JI IPS Building E LLC, Van Trust sold the structure in September 2023 to AK Imeson LLC, whose registered agent is Interamerican Corporate Services LLC.
• Building D (Building 400). The city issued a permit Aug. 9 for MW Builders Inc. of Jacksonville to build a speculative 547,000-square-foot warehouse. Munago said VanTrust wants to start construction by the end of the year on the building, which could be speculative or build-to-suit for a tenant.
• Building B1 (also known as Building 500) is 235,735 square feet. The Conlan Co. is the contractor for the almost $15.2 million construction project. The city issued a permit in September 2023. Munago said the building is nearing completion and not leased. Three New Jersey-based companies bought Building B1 on Aug. 14 for $29.5 million.
VanTrust Real Estate said Imeson Park South comprises 196 acres north of the CSX railroad track and 41 acres to the south.
Meanwhile, Imeson Park’s four buildings include a 1 million-square-foot Amazon fulfillment center.
VanTrust bought land for Imeson Park in 2018 and acquired property to start Imeson Park South in 2021.
That means VanTrust has substantially developed both parks in six years.
JLL Executive Managing Director Luke Pope and Executive Vice President Ross Crabtree represent VanTrust in lease negotiations.
Munago confirmed that “several things are in the works” for further investment.