Foundry Breaks Ground on 510 KSF Jacksonville Logistics Park
Foundry Commercial has broken ground on IGP 95/Logistics Park, a three-building industrial development totaling approximately 510,000 square feet in St. Augustine, Fla., within the South Jacksonville submarket. Miller Construction Co. is the general contractor. Completion is scheduled for the third quarter.
The development team also includes C4 Architecture, The Avanti Group as structural engineer and Matthews Design Group as civil engineer. Foundry Commercial’s team of Partner Mark Scott and Senior Associate John Cole will market the property for lease.
Plans call for three rear-load, tilt-wall, single-story buildings equipped with 60-foot speed bays, ESFR sprinkler systems, 3,800 amps of power, 120-foot truck courts each and a total of 465 vehicle parking spots. Two speculative office suites are also planned, measuring 2,454 square feet in each building.
building 100 will total 193,600 square feet and include 68 columns and 32-foot clear heights
building 200 will encompass 205,700 square feet, 32-foot clear heights and 72 columns
building 300 will measure 110,600 square feet and feature 28-foot clear heights and 30 columns
A 996-acre master-planned community
IGP 95/Logistics Park will take shape at 3405 International Golf Parkway. It is part of the 996-acre master-planned World Commerce Center, which is set to include office, retail, warehouse and hotel developments. Jacksonville-based Steinemann & Co. is the developer for World Commerce Center.
The site is on farmland that includes a high water table, where Miller’s preconstruction team planned the excavating and foundation procedures. The 43-acre lot is close to Interstate 95 and 11 miles from Northeast Florida Regional Airport, 30 miles from Jacksonville, Fla., 35 miles from JAXPORT and within 45 miles of Jacksonville International Airport.
More industrial space coming to Jacksonville
Recent projects include PCCP’s 337,000-square-foot speculative industrial facility in Jacksonville, Fla. The company broke ground earlier this month and is building the project with partner Midwest Industrial Funds within Westlake Industrial Park. CIBC Bank provided $19.3 million in construction financing for the project.
Last summer, Merritt Properties commenced construction on Imeson Landing Business Park’s second phase. The developer will add two buildings totaling 128,400 square feet and also purchased 16 additional acres of land for further expansions.
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