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By BR Staff Report
A 516-acre parcel in Jacksonville, Fla. located along the St. Johns River is perceived by its owners and third-party sponsors as having a “special appeal” to a large number of marine and rail applications.
Loaded with point-to-point connectivity possibilities, the site has the capacity to accommodate a wide variety of operations, including manufacturing, cold storage, fuel bunkering, automotive and/or equipment transport, raw materials, green technologies, break-bulk and chemical storage, according to executives from Jones Lang LaSalle, a real estate specialist hired in October to represent owners of the waterfront and industrial site.
The property footprint, which sits in close proximity to Jacksonville Port Authority (JAXPORT) terminals, is owned by Bostwick Family Lands and is currently available for sale or ground lease.
Located within three miles of JAXPORT’s three major cargo terminals, the site includes an 89-acre land parcel served by CSX rail lines with direct access to the St. Johns River. With its proximity to the JAXPORT terminals and convenient access to I-95 and State Route 9A, the entire site is strategically positioned for trucking operations serving markets in Florida and along the Eastern Seaboard.
The site is positioned close to the Port of Jacksonville and offers multi-modal opportunities for shippers or distributors. It will give maritime users the opportunity for both private ownership and operation, according to those involved in the land sale or leasing.
JAXPORT is investing in major capital improvement projects that will boost cargo-handling capabilities and allow the port to serve the larger container ships from Asia following the Panama Canal expansion. The upgrades include JAXPORT’s new TraPac Container Terminal, which serves Tokyo-based shipping line MOL, and the ongoing construction of a $300 million terminal that will serve Seoul, Korea-based Hanjin Shipping Co. The Bostwick Family Land’s site is within a few miles of these operations.
Jones Lang LaSalle’s Port, Airport and Global Infrastructure practice is supported by an experienced team of aviation and maritime real estate experts work alongside in-house professionals in supply chain management, strategic consulting, capital markets, investment banking, international business, and project and development services. The organization serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.
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Renewal Magazine
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Industry Profiles
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Graham Stevens Hartford, CT
Brownfields Coordinator for the Connecticut Dept. of Environmental Protection
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J. Meade R. Anderson Richmond, Va.
CPG, Brownfields Program Manager, Virginia Dept. of Environmental Quality
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Kristina Smitten Greater Minneapolis-St. Paul Area
Principal of Smitten Group, serving private and public clients in the areas of brownfield redevelopment
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Brownfield Stateside Report
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by Staff Report
In Michigan, some are predicting a better business climate for redevelopment and regulatory closure of contaminated properties thanks to a bill Michigan Governor Rick Snyder was scheduled to sign last week. The new regulations should have a positive impact on commercial real estate development and brownfields redevelopment resulting in the creation of jobs. |
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Industry Experts
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Susan Boyle
Mt. Laurel
Senior Environmental Practice Leader, GEI Consultants
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