Foundry Breaks Ground on 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 Partner Mark Scott and Senior Associate John Cole will market the property for lease.

Plans call for three rear-load, single-story buildings ranging from 110,600 to 205,700 square feet, with clear heights of 28 and 32 feet. The property will feature 60-foot speed bays, ESFR sprinkler systems, 3,800 amps of power, 120-foot truck courts and a total of 465 vehicle parking spots. Additionally, each facility is set to include two 2,454-square-foot speculative office suites.

A 996-acre master-planned community

IGP 95/Logistics Park will take shape at 3405 International Golf Parkway. It is part of the master-planned World Commerce Center, which is set to include office, retail, warehouse and hotel spaces. Jacksonville-based Steinemann & Co. is the developer of the 996-acre DRI.

The 43-acre site is on farmland that includes a high water table, where Miller’s preconstruction team planned the excavating and foundation procedures. The property 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 Jacksonville projects include PCCP’s 337,000-square-foot speculative industrial facility. The company broke ground earlier this month and is building the project with partner Midwest Industrial Funds.

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 for further expansions.