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City permits Becknell Industrial’s $30 million warehouses

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The developer will build two industrial centers totaling almost 700,000 square feet in West Jacksonville

The city issue permits March 30 for construction of two Becknell Industrial warehouses in Westlake Industrial Park at costs totaling $30 million.

Becknell will develop the 419,280-square-foot Building 2 on 35.64 acres at a cost of $18 million and the 270,716-square-foot Building 1 on 24.38 acres at $12 million.

The speculative structures are under development at 13171 Pritchard Road, west of Interstate 295. 

They are marketed as fulfillment/distribution centers and total 689,996 square feet.

A third building, also 270,716 square feet, is planned.

The contractor is Becknell Services LLC. Kimley-Horn and Associates Inc. is the civil engineer.

Colliers Associate Director Seda Preston said March 31 that Building 1 will be delivered in November 2022 and Building 2 in January 2023.

She said there are no tenants but interested parties for both. The third would be developed after the first two are leased.

Seda Preston and Colliers Senior Director Guy Preston represent the project, along with Becknell Vice President of Leasing Matt Neumann.

Becknell Industrial plans the three buildings totaling almost 960,712 square feet of space on the 103-acre Westlake Lot 24 that it bought Feb. 12. 

Becknell Industrial, based near Chicago, owns the property through Westlake 24 Industrial Venture LLC, in Carmel, Indiana.

Becknell paid $6.06 million for the 103 acres, which carry 1.2 million square feet of development rights.

Becknell bought the land from Norfolk Southern, through Westlake Land Management Inc., of Norfolk, Virginia.

The purchase expanded Becknell’s holdings in Westlake to about 250 net developable acres.

 

Source: Jax Daily Record


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Guy Preston

Executive Director

Jacksonville

As an Industrial Specialist, Guy’s role is to provide his clients with expert and comprehensive advice in Industrial Sales and Leasing; Land Sales; Industrial Investment Sales; Port Site Sales and Leasing; Site Selection and E-commerce Distribution and Fulfillment Center Occupier Services.

One of his outstanding strengths is the ability to problem-solve to propel even the most complicated deals to the finish line.

He is a member of the Colliers International Logistics and Transportation Solutions Group, a practice group dedicated to delivering focused industrial real estate advisory services to better address the global economy. Guy has earned the SIOR Designation. SIOR is a society comprised of the most capable and experienced practitioners, delivering best in class service to clients.

Guy has closed transactions over $400M and in excess of 10M SF, as well as thousands of acres of land.

After graduating from Troy University with an Accounting Degree, Guy completed a four-year tour as a Missile Launch Officer in the United States Air Force. He then began his career in commercial real estate, where he continually strives to provide client centric service.

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Seda Preston

Associate Director

Jacksonville

Seda began her career as an Industrial Specialist in 2016 and has amassed an accomplished list of clients and transactions. Her expertise is in leasing and sales of industrial assets, with particular focus on Agency and Tenant representation.

Utilizing her advisory skills and strengths in persistence and organization, Seda has closed leasing transactions of over 2.5M SF and sales transactions of over $200M. She is currently representing 3.2M SF of Agency industrial distribution product in Jacksonville.

 

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