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Majestic Plans $38M Distribution Center

JACKSONVILLE, FL-The developer selects Jacksonville as an emerging market for its 833,300-sf class A warehouse and distribution buildings that will be developed at a hard construction cost of about $45 per sf. The buildings will rise on a 47-acre tract within the Jacksonville International Tradeport Business Park.

By Alex Finkelstein | Updated on November 16, 2005

(To read more on the industrial market, click here.)

JACKSONVILLE, FL-The transportation corridors of this north Florida metropolitan area has prompted Majestic Realty Co. to go ahead with a $38-million, 833,300-sf class A warehouse and distribution hub. The development will rise on a 47-acre tract within the Jacksonville Tradeport Business Park, says David A. Wheeler, president of the City of Industry, CA-based company. A ground-breaking date is being worked out.

“With major highways and three major railroads serving the area, along with a deep-water port and international airport, the Jacksonville market provides strategic advantages to tenants with warehouse and distribution needs,” says Brett Tremaine, vice president of Majestic’s newly formed National Development Group in Denver.

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