announced<\/a> last month that it would develop a 746,672-square-foot build-to-suit facility for Sephora in Avon, Ind. The 61-acre property will serve as the beauty retailer\u2019s Midwest distribution center. It is scheduled to come online next summer.<\/p>\n\n\n\nJacksonville\u2019s industrial market<\/h2>\n\n\n\n
Jacksonville\u2019s industrial sector during the second quarter of this year saw a 210-basis-point increase in overall vacancy year-over-year, rising to 5 percent, according to a Cushman & Wakefield market report. Additionally, more than 1.5 million square feet were completed in the first half of the year, representing a 43.3 percent drop from the same period in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
The project is part of the 3 million-square-foot master plan for Imeson Park South.<\/p>\n","protected":false},"author":3568,"featured_media":1004722515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1591,21742,32781],"tags":[32796,33102],"class_list":["post-1004725228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-jacksonville","category-latest","category-southeast","tag-jll","tag-vantrust-real-estate"],"acf":[],"yoast_head":"\n
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<\/a>