VanTrust Real Estate announced April 19 it broke ground on three industrial buildings totaling more than 1.75 million square feet of space at Imeson Park South in North Jacksonville.
VanTrust said the project at 1511 Zoo Parkway, also called Heckscher Drive, comprises a 200,000-square-foot build-to-suit building and two speculative buildings. Potential uses include warehouse, distribution center and other industrial uses.
One speculative building is 1,003,200 square feet on about 63 acres. The other building is 547,200 square feet on about 33 acres.
VanTrust purchased the 196-acre Imeson Park South property in October 2021 for $22.83 million.
“The continued momentum at Imeson Park South for more distribution facility capacity underscores Jacksonville’s rapid growth in the industrial and e-commerce sectors,” Marc Munago, Executive Vice President at VanTrust, said in a news release. “Imeson Park South offers ease-of-access to the airport, major highways and JAXPORT, making it a prime location for major U.S. manufacturers and distributors. This is only the beginning of our vision for Imeson Park.”
Construction is expected to be completed by the second quarter of 2023.
VanTrust said the master plan for Imeson Park South includes up to six buildings that total more than 2.5 million of space.
The property is south of VanTrust’s Imeson Park, a four-building industrial center that is being completed with its last building.
The 156-acre Imeson Park totals about 2.5 million square feet including a 1 million-square-foot Amazon fulfillment center.
VanTrust Real Estate LLC bought the Imeson Park property in September 2018 for $18.44 million.
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[England-Thims & Miller, Inc. is the civil engineer on this project.]