Florida Construction News staff writer
Merritt Properties says it has acquired 16 acres of land in Jacksonville for construction of a 158,400-sq. ft. flex/light industrial business park.
“We are incredibly excited to expand Merritt’s presence in Jacksonville,” said Pat Franklin of Merritt Properties’ Florida leasing team. “There is increased demand for small-bay, dock-loaded product throughout Jacksonville, so we are confident that this park will be well-received by a wide range of companies who are seeking office and warehouse space. Buildings will primarily cater to small businesses needing 2,700 to 10,000 square feet.”
Located in Clay County, one of Florida’s fastest growing regions, the development is in the 6,400-acre master planned community of Oakleaf. It will include four single-story, flex/light industrial buildings ranging from 21,600 to 57,600 square feet with 20-foot clear heights, ample parking and spacious truck courts.
“The business park will be a great home for small businesses given its position off First Coast Expressway, near bustling residential areas, community recreation facilities and retail locations,” said Franklin.
Construction is expected to begin by the end of the year. The first phase will consist of three buildings along Armstrong Lane, just off the expressway.
“Newly constructed, Class A light industrial product is challenging to find within the market, which is why this speculative development will be a desirable addition to the local area and to our existing Jacksonville portfolio,” said Gary Swatko, director of development and construction at Merritt Properties. “The park’s location, size and design will uniquely accommodate the needs of small to mid-sized users and provide flexibility for future growth.”
The company’s first development in Jacksonville, Imeson Landing Business Park, is under construction and expected to be completed next month. It includes five flex/light industrial buildings totaling 266,200 sq. ft..