Article by Nick Blank, Reporter | Jacksonville Business Journal | To view the full article, click HERE.
Pattillo Industrial Real Estate is entering Nassau County with a 1.5 million-square-foot industrial park concept in the Wildlight community, the firm announced Friday.
The 165-acre Wildlight Commerce Park is expected to be built within the next decade.
The Class A industrial park is an expansion of Wildlight 2,900-acre mixed-use first phase. About 15,000 homes and a slew of amenities are planned for the development.
The park’s 12 planned buildings will accommodate light manufacturing, logistics, offices and warehousing spaces from 5,000 to 500,000 square feet in two stages. According to the conceptual site plans, the project’s Stage 1 has six buildings with approximately 400,000 square feet. Wildlight Commerce Park’s Stage 2 calls for six buildings with approximately 1.1 million square feet.
The first building is expected to be ready for occupancy by spring 2024, a press release said.
Peter Anderson, Pattillo vice president of development, said the strength of the industrial real estate market in Northeast Florida and Wildlight’s expected growth bode well for the industrial park.
A variety of building sizes, ranging from 27,500 square feet to 500,000 square feet, can attract a variety of tenants, he said.
“Part of it is working with land and sites you have, and that dictates the facilities we’ll have,” Anderson said. “We think it will accommodate smaller local and regional businesses for some sites, but there is a site or two should we get a large manufacturer or distributor, we can accommodate that. There are a variety of different uses and we’re excited about that.”
Atlanta-based Pattillo Industrial Real Estate is the largest owner of industrial space in Northeast Florida. Wildlight Commerce Park is being developed by Raydient Places + Properties, a subsidiary of Jacksonville-based real estate investment trust Rayonier Inc. The civil engineer and land planner is England-Thims & Miller.
Early plans will be reviewed at a pre-application conference with the Nassau County Development Review Committee on Nov. 15.