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Jackson-Shaw Breaks Ground on Jacksonville International Tradeport 3 & 4

Jackson-Shaw Breaks Ground on Jacksonville International Tradeport 3 & 4
Class-A Industrial Buildings Consist of 178,000 SF in Jacksonville’s Northside Submarket

Jacksonville, Florida — January 9, 2017 — National real estate developer Jackson-Shaw announced the ground breaking of Jacksonville International Tradeport 3 & 4 located in Jacksonville, Florida. The urban industrial facilities are designed for a multitude of users ranging in size from 54,000 to 124,000 square feet, up to 178,000 square feet total. The buildings are slated for completion in the third quarter of 2017.

“With only a handful of modern Class-A options remaining in the market, now is the right time to build spec warehouse facilities in Jacksonville,” said Tyler Newman, director of Industrial Brokerage Services at Cushman & Wakefield. “With numerous prospects looking for space, we need aggressive developers like Jackson-Shaw to build this product type to meet the demand and support the region’s growth.”

The one-story industrial buildings, developed by Jackson-Shaw, are strategically located on Jacksonville’s north side immediately adjacent to Jacksonville International Airport. This prime location gives tenants immediate access to two major thoroughfares, I-95 and I-295, along with close proximity to all JAXPORT terminals: 11.0 miles to Dames Point, 11.5 miles to Blount Island and 14.0 miles to Tallyrand.

“Buildings 3 & 4 are situated in the heart of Jacksonville International Tradeport, which is leased to a diverse group of tenants in the medical supply, food distribution, freight forwarding and exhibit/trade industries, including Mercedes-Benz and Coach USA,” said Michele Wheeler, president and chief operating officer of Jackson-Shaw. “The new developments are well-positioned to meet the increasing tenant demand for more dock positions and trailer parking in one of the most notable business parks in the Northside submarket.”

Building 3 will total 124,000 square feet and offer 32-foot clear heights, 37 dock high doors, 130-foot truck courts, one drive-in ramp, 109 parking spaces and 34 optional trailer storage spaces. Building 4 will offer 54,000 square feet with 28-foot clear heights, 16 dock high doors, 130-foot truck court, 31 parking spaces and 12 optional trailer drops.

Both state-of-the art bulk distribution products will be built utilizing tilt-wall construction, rear-load and cross-dock configurations and ESFR fire protection systems. Tyler Newman with Cushman and Wakefield will lease the two facilities. Jackson-Shaw and investment partner, Thackeray Partners, co-own the developments, and construction funding is provided by BB&T.

About Jackson-Shaw
Jackson-Shaw, a national real estate development company headquartered in Dallas has more than 40 years of experience developing diversified real estate properties that meet the needs of its clients and partners. The company has completed more than 50 million square feet of development since its founding and develops a variety of project types, including office, industrial, mixed-use and hospitality. Jackson-Shaw’s consistent goal is to increase and enhance values in real property assets for its clients and capital partners. Jackson-Shaw has offices in Dallas; Jacksonville, Florida; and Lanham, Maryland. For more information, call 800-351-SHAW (7429) or visit www.jacksonshaw.com.

About Thackeray Partners
Founded in 2005, Thackeray Partners is a real estate investment firm seeking a diversified portfolio of stabilized, value-add, and development opportunities in industrial, multifamily, and retail properties throughout the United States, with a balance of income and capital appreciation on behalf of its partners. Thackeray invests in real estate through a series of private equity funds. The limited partners of Thackeray’s funds consist primarily of university and hospital endowments, charitable foundations, and U.S. based family offices. Since inception, Thackeray has closed on joint venture and direct real estate transactions totaling over $3.8 billion, representing equity placements of over $800 million. Total investment activity includes over 175 separate transactions representing approximately 18,500 apartment units, 14 million square feet of industrial space, and 4 million square feet of retail space.  For more information, visit www.thackeraypartners.com.