A privately held investment and development firm, Saxum Real Estate, has submitted an environmental resource permit application for the construction of an industrial park in North Jacksonville. The proposed Arnold Road Industrial Park spans across 811 acres of land and is currently under review by the St. Johns River Water Management District. The park is expected to cover an area of approximately 3.8 million square feet and will consist of 10 buildings ranging in size from 126,080 to 1,061,760 square feet.
The project, which is being developed in collaboration with KABR Group, aims to address the growing demand for Class A industrial space in the market. With its strategic location near the Jacksonville International Airport, Interstate 95, and Jacksonville Port Authority terminals, the industrial park is well-positioned to support the increasing container volume at JAXPORT and the focus on freight at the airport.
Saxum Real Estate, headquartered in Summit, New Jersey, has a strong track record in the real estate industry and is known for its expertise in investment and development projects. The firm is working alongside the civil engineer, England-Thims & Miller Inc., and the geotechnical engineer, ESC Florida LLC, to ensure the effective planning and execution of the industrial park.
While the specific details of the development are still being evaluated, Saxum intends to align the project with the existing planned unit development zoning in place since 2009. This zoning provides flexibility for various industrial uses, allowing Saxum to explore different layout options for the site.
Frequently Asked Questions
1. Who is developing the Arnold Road Industrial Park?
The Arnold Road Industrial Park is being developed by Saxum Real Estate, a privately held investment and development firm.
2. How large is the industrial park?
The industrial park covers an area of 811 acres and is planned to have a total built-up area of almost 3.8 million square feet.
3. What is the purpose of the industrial park?
The industrial park aims to address the undersupply of new, Class A industrial space in the market and support the growing logistics demand in the area.
4. What are the key advantages of the location?
The industrial park’s strategic location near the Jacksonville International Airport, Interstate 95, and Jacksonville Port Authority terminals provides easy accessibility and proximity to major transportation hubs.
5. Who are the partners involved in the development?
Saxum Real Estate is collaborating with KABR Group, a private equity real estate firm, to develop the Arnold Road Industrial Park.