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Becknell Industrial purchases 103 acres in Westlake Industrial Park

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Guy Preston and Seda Preston of Colliers' Jacksonville office represent Westlake Industrial Park

Becknell Industrial bought 103 acres at Westlake Industrial Park for expansion, more than doubling its acreage there.

Matt Hubert, senior vice president of leasing and development, said Feb. 16 by email that Becknell bought the property “to continue growing our footprint in the Jacksonville market.”

He said Becknell plans to develop three buildings totaling about 955,000 square feet of space. Plans will be shared through its marketing team, Guy and Seda Preston at Colliers International.

 He said Becknell previously bought three parcels totaling about 150 net developable acres.

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

Becknell bought the property Feb. 12 through Westlake 24 Industrial Venture LLC. 

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

Westlake is along Pritchard Road, west of Interstate 295.

Hubert said the purchase, known as Lot 24, is along Pritchard Road in the southwest area of Westlake. The lot is south of Becknell’s Lot  33 purchase and west of its Lot 21 property.

The purchase expands Becknell’s holdings in Westlake to about 250 net developable acres, Hubert said.

Hubert said Becknell has completed a 185,250-square-foot facility leased to Cardinal Health Services.

He said Becknell has two more sites graded and prepared for development of several buildings totaling more than 1.5 million square feet.

Guy Preston and Seda Preston brokered the sale.

Colliers represents Norfolk Southern, the owner of Westlake Industrial Park, in selling land tracts within the park.

 

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Related Experts

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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