Brookfield Properties positioning for almost 200,000-square-foot warehouse

Columnists
Mathis Report

Brookfield Properties applied to the city for a permit to build a 197,260-square-foot shell warehouse in the Alta Lakes II Commerce Center in North Jacksonville at an estimated project cost of $10 million.

No contractor is specified for the project on 11.9 acres at 11096 Cabot Commerce Circle. Ware Malcomb, a commercial real estate design firm based in Irvine, California, is the agent.

The site is north of Cabot Commerce Circle and west of Blasius Road. The property is east of Interstate 295.

The planned Brookfield Properties warehouse in Alta Lakes II Commerce Center is near four existing warehouses.

The St. Johns River Water Management District issued a permit Dec. 27, 2024, to G&I IX Alta Lakes Land LLC of Atlanta for the construction and operation of a stormwater management system for an 11.68-acre project called Alta Lakes II Commerce Center. That master site plans shows a 199,260-square-foot warehouse.

G&I IX Alta Lakes Land LLC is led by Brookfield Properties, which is based in New York with offices in Atlanta.

England, Thims & Miller Inc. of Jacksonville is the civil engineer. Peacock Consulting Group LLC of Jacksonville is the environmental consultant.

Brookfield Properties plans a warehouse on 11.9 acres at 11096 Cabot Commerce Circle in North Jacksonville.

On Nov. 1, the city issued a mobility fee calculation certificate for the project, called Brookfield Commerce, described as 199,260 square feet on 15.4 acres. It calculated a mobility fee of $87,189 to mitigate the development impact.

Brookfield Properties of Atlanta is listed as the owner.

Jacksonville also is reviewing civil engineering plans for the project, which is along a CSX rail line.

The Brookfield Properties planned warehouse site is north of Cabot Commerce Circle and west of Blasius Road. The property is east of Interstate 295.

City utility JEA issued a service availability determination letter July 18 for development of the proposed warehouse, called Cabot Commerce Center.

The project acreage is that remaining from a sale in summer 2024.

Through FIVF-III-FL5 LP, industrial real estate asset manager Faropoint of New Jersey bought five industrial properties Aug. 15, 2024, in a deal totaling $63 million from Brookfield Properties.

The properties comprised four completed buildings, built in 2008, and one storage lot in Alta Lakes Commerce Center.

Brookfield retained the property where the new warehouse is planned.