FEBRUARY 8 TO FEBRUARY 14, 2024 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
COMMERCIAL REAL ESTATE ISSUE
INDUSTRIAL MARKET STRENGTH LEADER The Primark Distribution Center at 1511 Zoo Parkway, Building C, in Imeson Park South.
INSIDE
THE MATHIS REPORT
New Asian market offers seafood and Buddhas PAGE 12
Top Q4 industrial leases With a record amount of industrial space coming online, here are the lead tenants: Tenant
Square ft. Area
Address
historic 7.4 million
Sam’s Club
1,003,200 N. Jacksonville
1511 Zoo Parkway, Building E
square feet of industrial
Total Distribution
1,000,350 W. Jacksonville
9909 Pritchard Road, Building B
Primark
547,200
N. Jacksonville
1511 Zoo Parkway, Building C
space was completed
KeHE Distributors
530,474
St. Johns County 3800 Deerpark Blvd.
in Northeast Florida
Mercedes-Benz of N. America 520,222
N. Jacksonville
13470 International Parkway
Stellar Energy
510,433
W. Jacksonville
12970 Normandy Blvd.
Gildan
448,096*
N. Jacksonville
11530 New Berlin Road
RoadOne Intermodal Logistics 421,600
N. Jacksonville
1000 Imeson Park Blvd.
HD Supply
419,280
W. Jacksonville
11006 Development Way
“The industrial market in
Genplant
400,000
W. Jacksonville
12400 Presidents Court
Jacksonville has started
*Expansion to 872,000 square feet
to show signs that it has
Top Q4 office leases
peaked,” reported Colliers in
While the market for office space isn’t as strong as industrial, tenants are still leasing:
A
in 2023, but the boom might be coming to an end.
its Q4 market report. How the industrial, office and retail commercial real estate markest are faring.
Tenant
Square ft. Area
Address
HD Supply Facilities Maintenance LLC
56,601
Southside
9000 Southside Blvd.
JU College of Law
53,214
Downtown
121 W. Forsyth St.
Genpact
39,086
Southpoint
6737 Southpoint Drive S.
Berkley Insurance Co.
30,972
Deerwood Park
4900 Deerwood Campus Parkway
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Record-breaking $22M home sale An oceanfront property in Ponte Vedra Beach is the area’s most-expensive ever. PAGE 10 MANUFACTURING
Publix plans $145M project St. Johns County approves incentive for pharmaceutical preparation manufacturing facility. PAGE 11
PAGE 6
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Retiring Landstar CEO expects firm to rebound
REAL ESTATE
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THE BASCH REPORT
THE RISE DORO FIRE
Demolition work is underway Crews are tearing down the Rise Doro apartments Downtown after they were destroyed by a fire days before being completed. PAGE 3 VOLUME 111, NO. 13 | TWO SECTIONS | PUBLISHED SINCE 1912