Imeson Landing Business Park. Image courtesy of Merritt Properties
Merritt Properties has begun the development of the second phase of Imeson Landing Business Park in Jacksonville, Fla. The company has also announced the signing of a slew of leases for the industrial development’s initial phase, which is now 88 percent leased.
More than 121,000 square feet of flex/light industrial space have been leased across the three buildings completed as Phase I. Merritt Properties signed 12 leases with tenants including food packaging, government contracting, distribution and transportation services companies.
Tenants include CLogic Defense, Tote Maritime, Loomis, Freedom Forever, American EV, New Image Global, Dorado Graphix, Evans Marketing Group, EX Anchor Puller, Krebs Brothers, Phenix Specialty Films and VSS Logistics.
The floorplate sizes leased range from 2,800 square feet to 29,000 square feet.
Built in 2022, the first three buildings are situated at 1250 Imeson Park Blvd. According to CommercialEdge data, each property features 18-foot clear heights and loading doors. Building 100 is 39,000 square feet, Building 200 is 40,000 square feet and Building 300 is 58,800 square feet.
Situated in Duval County at Zoo Parkway, tenants at Imeson Landing Business Park are in proximity to Interstate 95 and I-295. Downtown Jacksonville is approximately 15 minutes away with dining, entertainment and retail options. The Jacksonville International Airport is around 20 minutes from the property.
Phase II on the way
Phase II of the project will include two additional buildings, Building 400 and Building 500. Plans call for the assets to be 68,400 square feet and 60,000 square feet, respectively.
Delivery of Phase II of Imeson Landing Business Park is anticipated for December of this year. Additionally, Merritt acquired 16 more acres of land for further expansion purposes in March of this year. Following the development of the second phase of Imeson Landing Business Park, the company anticipates completing an additional three buildings. They are set to total some 114,500 square feet.
ARCO/Design Build is the general contractor for the park. JLL’s Ross Crabtree and Luke Pope are working alongside Merritt’s Pat Franklin as the leasing team.
Arcadia Cold is also developing a 216,297-square-foot industrial facility nearby, at Imeson International Industrial Park. The cold storage asset will feature a freezing capacity for more than 6 million pounds of product per week. It is anticipated to deliver in early 2024.
