{"id":1004071517,"date":"2013-04-22T07:44:08","date_gmt":"2013-04-22T15:44:08","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=119381"},"modified":"2022-03-03T05:39:25","modified_gmt":"2022-03-03T13:39:25","slug":"improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/","title":{"rendered":"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">The local commercial real estate community is talking about a mystery firm&#8217;s plans to develop a one million-square-foot distribution\/warehouse center in the St. Johns Water Management District, ever since the <a href=\"https:\/\/www.bizjournals.com\/jacksonville\/news\/2013\/04\/05\/1-million-square-foot-distribution.html\" rel=\"nofollow\"><em>Jacksonville Business Journal<\/em><\/a> first reported on the project.<\/p>\n<p style=\"text-align: justify\">According to the publication, a permit application has been filed at the beginning of the month for two centers, one encompassing 600,000 square feet, and the other 400,000. The two would rise on a 102-acre site located at the intersection of Normandy Boulevard and 103rd Street and runs along Alcoy Road.<\/p>\n<p style=\"text-align: justify\">The City of Jacksonville, the landowner, applied for the permits on behalf of Hillwood Investment Properties. There have been rumors that FedEx Ground Shipping or Amazon.com could be the anchor tenants of the proposed facility, but no official announcements have been made yet.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/cbre-research.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-119385\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/cbre-research.jpg\" alt=\"Industrial market \" width=\"323\" height=\"297\" \/><\/a>CBRE Research has revealed that the Jacksonville industrial market experienced a great start to the year, with positive indicators of recovery. The first quarter 2013 closed with a vacancy rate of 10.8 percent. The overall vacancy rate is the lowest it\u2019s been since 2009. In 2007, at the market\u2019s height, there were more than 4.5 million square feet of industrial projects underway. Very few developments have been delivered to the market since the recession, mostly due to high vacancy rates and economic uncertainty.<\/p>\n<p style=\"text-align: justify\">Currently, in addition to the warehouse\/distribution center, there are 22 buildings proposed in the Northside, Westside and Southside submarkets. These developments could add up to 4.3 million square feet of space to the market. Yet developers seem to be awaiting a further decline in vacancy rates to break ground on the projects, as there is currently no construction underway in the Jacksonville industrial market.<\/p>\n<h4 style=\"text-align: justify\">Chart courtesy of <a href=\"https:\/\/www.cbre.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\">CBRE<\/a><\/h4>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the Jacksonville Business Journal first reported that a mystery firm is looking to develop a one million-square-foot distribution\/warehouse center to the St. Johns Water Management District, this has been the talk of the entire local commercial real estate community.<\/p>\n","protected":false},"author":33,"featured_media":1004507298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1591,21742],"tags":[],"class_list":["post-1004071517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jacksonville","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center\" \/>\n<meta property=\"og:description\" content=\"Since the Jacksonville Business Journal first reported that a mystery firm is looking to develop a one million-square-foot distribution\/warehouse center to the St. Johns Water Management District, this has been the talk of the entire local commercial real estate community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-22T15:44:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T13:39:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/\"},\"author\":{\"name\":\"Georgiana Mihaila\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\"},\"headline\":\"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center\",\"datePublished\":\"2013-04-22T15:44:08+00:00\",\"dateModified\":\"2022-03-03T13:39:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/\"},\"wordCount\":295,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/cbre-research.jpg\",\"articleSection\":[\"Jacksonville\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/\",\"name\":\"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/cbre-research.jpg\",\"datePublished\":\"2013-04-22T15:44:08+00:00\",\"dateModified\":\"2022-03-03T13:39:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/cbre-research.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/cbre-research.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7f47e1fdc15ee76043a807c37aa761f9\",\"name\":\"Georgiana Mihaila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"caption\":\"Georgiana Mihaila\"},\"description\":\"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/georgiana\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/","og_locale":"en_US","og_type":"article","og_title":"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center","og_description":"Since the Jacksonville Business Journal first reported that a mystery firm is looking to develop a one million-square-foot distribution\/warehouse center to the St. Johns Water Management District, this has been the talk of the entire local commercial real estate community.","og_url":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-04-22T15:44:08+00:00","article_modified_time":"2022-03-03T13:39:25+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Georgiana Mihaila","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/"},"author":{"name":"Georgiana Mihaila","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"headline":"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center","datePublished":"2013-04-22T15:44:08+00:00","dateModified":"2022-03-03T13:39:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/"},"wordCount":295,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg","articleSection":["Jacksonville","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/","url":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/","name":"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg","datePublished":"2013-04-22T15:44:08+00:00","dateModified":"2022-03-03T13:39:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/improving-jacksonville-industrial-market-attracts-1m-sf-distribution-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9","name":"Georgiana Mihaila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g","caption":"Georgiana Mihaila"},"description":"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. She\u2019s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/georgiana\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/cbre-research.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004071517"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071517\/revisions"}],"predecessor-version":[{"id":1004570002,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071517\/revisions\/1004570002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004507298"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004071517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004071517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004071517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}