Hillwood Plans 400,000-SF BTS Center

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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.