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JACKSONVILLE, FL-Locally based Laney & Duke Terminal Warehouse Co. Inc., a 77-year-old logistics firm which has outgrown its quarters, has contracted with Plano, TX-based Hillwood to develop a 400,000-sf build-to-suit distribution center in Norfolk Southern Railroad's Westlake Industrial Park. The park is off Pritchard Road on Jacksonville's west side.

Hillwood officials couldn't be reached by GlobeSt.com's publication deadline to learn the development cost of the project. However, area construction sources familiar with comparable ventures tell GlobeSt.com the center will probably be built at an estimated hard construction cost of $50 per sf or a total $20 million.

Brian T. Duke, president of Laney & Duke, and Gary Frederick, vice president of Hillwood Investment Properties, did not specify in a prepared statement when the project would break ground and when it might be completed. However, Duke says "the timing of this deal is key and very opportunistic, as there is increased awareness of Jacksonville, due to the recent MOL commitment at Jaxport."