The city issued a permit Feb. 24 for the fourth speculative warehouse at Eastport Logistics Park, a month after the first three Jan. 21.
InLight Real Estate Partners intends to develop the structures in the first phase at its Eastport Logistics Park in North Jacksonville.
The first three carried a project cost of almost $32.3 million with the fourth at almost $5.64 million.
Ponte Vedra Beach-based InLight closed on the deal Dec. 20 to buy about 135 acres from First Zion Holdings LLC for almost $26.75 million.
The site is along Eastport Road south of its intersection with Faye Road.
The first four buildings total 889,086 square feet.
The permits allow The Conlan Co. of Jacksonville to build:
• Building One, 1450 Partners Drive, 312,278 square feet, at a project cost of almost $10.76 million.
• Building Two, 10155 Inlight Way, 312,278 square feet, $10.75 million.
• Building Three, 10135 Inlight Way, 132,265 square feet, almost $10.76 million.
• Building Four, 10175 Inlight Way. The 132,265-square-foot warehouse is shown at a project cost of $5.64 million.
As construction starts, the city also is reviewing permits for speculative office space inside the buildings. Developers often build-out office space so that tenants can move in more quickly.
The Conlan Co. is the contractor for those projects at a combined project cost of $1.94 million.
Those projects comprise:
• Building One, 2,642 square feet, $510,520.
• Building Two, 2,592 square feet, $510,119.
• Building Three, 2,642 square feet, $461,728.
• Building Four, 2,642 square feet, $459,928.
Through Eastport Jacksonville Property Owner LLC, InLight bought the land from three Zion-affiliated entities.
The city issued a permit Dec. 5 for infrastructure contractor Phillips and Jordan Inc., of Knoxville, Tennessee, to clear the land for Zion Jacksonville LLC at a project cost of $20 million. The permit was for clearing, installation of site utilities, roadways and building pads to construct future buildings.
InLight says the park is designed for about 1.79 million square feet of space among two phases.
InLight Real Estate Partners said in December it considered the 135 acres it bought in North Jacksonville as a deal of opportunity and potential.
Partner Charles Margiotta said Dec. 30 that as investors and developers rooted in the Southeast, Ponte Vedra Beach-based InLight said the “transformative Eastport project … stands out as the crown jewel of our portfolio.”
The site is in an area of industrial developments that continue to expand.
“This project reflects our commitment to driving economic growth by bringing new jobs, attracting employers, increasing JaxPort activity, and advancing Jacksonville’s position as a premier logistics hub,” he said.
Eastport marketing
Eastport Logistics Park will start delivering buildings between the fourth quarter of 2025 and the first quarter of 2026 for tenant build-out.
The second phase is designed for another 900,000 square feet. InLight said that plan involves a potential build-to-suit warehouse or two that could change that amount.
The Colliers commercial real estate firm in Jacksonville is marketing the site for lease. Colliers executives Guy Preston, Seda Preston and Jack Heed are the landlord representatives for InLight.
Guy Preston posted Dec. 25 on LinkedIn that the first phase of four buildings range from 132,000 to 312,000 square feet.
The Colliers marketing brochure says flexible suite sizes start at 25,000 square feet.
There also is an option for a build-to-suit up to 800,000 square feet of space on land along a CSX rail line, known as Phase 2 of the InLight Project.
Preston also posted on LinkedIn that within the next year Eastport Road will be improved and widened to three lanes from Pulaski Road to Zoo Parkway “designed to accommodate the increase in truck traffic and further enhance the site’s logistics capabilities.”