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nLight Real Estate Partners acquired approximately 135 acres in North Jacksonville from First Zion Holdings LLC for nearly $26.75 million on December 20. The land, purchased through Eastport Jacksonville Property Owner LLC, is along Eastport Road and will be developed into the Eastport Logistics Park industrial project. Colliers commercial real estate firm is marketing the site.
The park is designed to offer about 1.79 million square feet of space, with the first phase consisting of four buildings ranging from 132,000 to 312,000 square feet. InLight says this initial phase totals around 889,000 square feet, while a second phase will add another 900,000 square feet, potentially including build-to-suit warehouses.
Zion Jacksonville LLC has been applying for permits on behalf of InLight for speculative warehouses at the site, with plans for Buildings One to Four totaling 889,086 square feet. The estimated project cost is around $37.9 million. Construction will be handled by The Conlan Co., and Randall Paulson Architects will serve as the architect.
The Eastport Logistics Park is situated in a highly sought-after industrial submarket near the port of Jacksonville. Colliers executives Guy Preston, Seda Preston, and Jack Heed are representing InLight as landlord representatives. The site plan indicates seven buildings will be built in two phases, with the first phase consisting of Buildings One to Four.
The property's infrastructure is being cleared by Phillips and Jordan Inc., a Knoxville-based contractor, at an estimated cost of $20 million. Zion Jacksonville LLC has also applied for permits to determine water flow connections along the proposed "Zion Parcel 3 Spine Road," which will connect to the property that InLight intends to develop.
The Colliers brochure highlights flexible suite sizes starting at 25,000 square feet and an option for a build-to-suit up to 687,700 square feet of space. Guy Preston posted on LinkedIn that Eastport Road will be improved and widened within the next year to accommodate increased truck traffic and enhance logistics capabilities.
