In the News | Vantrust Preparing to Start Construction on a 1 Million-Square-Foot Spec Warehouse

Article by Karen Brune Mathis | Jax Daily Record | To access the full article, click here.

VanTrust Real Estate’s proposed speculative 1 million-square-foot Imeson Park South Building 300 is in review for construction at a job cost of $51.8 million.

VanTrust Real Estate intends to build the center on 62.86 acres at 1511 Zoo Parkway in North Jacksonville. It also is known as Building E.

Zoo Parkway also is known as Heckscher Drive.

Marc Munago, VanTrust Real Estate executive vice president in Jacksonville, said July 12 that VanTrust is working on a tenant.

He said completion of construction is planned for August 2023.

Evans General Contractors of Savannah, Georgia, is the contractor. Atlas Cooperative LLC of Atlanta is the architect. Jacksonville-based England, Thims & Miller Inc. is the civil engineer.

VanTrust Real Estate is building three of its eventual six structures at Imeson Park South in North Jacksonville.

The city issued permits June 2 for the smaller Building 100 and June 13 for Building 200 at Imeson Park South.

That 202,800-square-foot Building 100, also called Building A, is a build-to-suit for Sub-Zero Group Inc.

Evans General Contractors is building it at a cost of $14.5 million.

Sub-Zero, which makes luxury kitchen appliances, now leases about 120,000 square feet of space at 2855 Faye Road and will relocate and expand at Imeson South. SZ Jacksonville Warehouse LLC will own the new facility.

The city issued a permit June 13 for The Conlan Co. of Jacksonville to build the 547,200-square-foot speculative Building 200 at a cost of almost $25.9 million. It also is called Building C.

Munago said there is a lot of tenant interest in Building 200, but nothing firm.

VanTrust Real Estate announced April 19 it broke ground on the three industrial buildings totaling more than 1.75 million square feet of space.

VanTrust said then the project comprises a 200,000-square-foot build-to-suit building and two speculative buildings. 

Munago said June 3 that Building 100 will be ready in February 2023 for the tenant to move in.

He said Building 200 would be competed in late April 2023.

VanTrust purchased the 196-acre Imeson Park South property in October 2021 for $22.83 million.

The company said the master plan 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 structure.

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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