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Karis Cold wants to build in Westlake Industrial Park

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“We have had our eyes on Jacksonville for over a year,” Senior Director Ken Verne says.

Karis Cold, based in Schaumburg, Illinois, is evaluating the development of a 265,264-square-foot cold-storage facility on 24.29 acres at Westlake Industrial Park.

Senior Director Ken Verne said Oct. 7 that Karis Cold hopes to buy the land in the first quarter of 2023 and start construction soon after for completion in the first half of 2024.

“We are building the project on spec however we have several potential tenants that have already expressed interest,” he said by email.

Verne said Newmark Phoenix Realty Group President John Richardson and Senior Vice President Bryan Bartlett are the brokers who will be representing Karis.

Colliers International Northeast Florida Executive Director Guy Preston and Associate Director Seda Preston represent the landowner, Westlake Land Management Inc., a property ownership affiliate of railroad company Norfolk Southern Corp.

“We have had our eyes on Jacksonville for over a year due to the proximity to the port and Jax being a gateway to the eastern coast of Florida along with great access heading north,” Verne said.

Westlake Industrial Park is off Pritchard Road in far West Jacksonville. It is accessible to the interstate, port and rail system in Northeast Florida.

“We wanted to find a unique site that offered great access along with being rail served to help provide the operators the best opportunity to successfully serve their customers. Whether by truck, rail or sea, this site will provide them those opportunities,” Verne said.

Verne said the timing is important.

“Similar to the other projects that were recently completed or just getting underway, we recognized the need for modern cold storage facilities that can help keep up with the demand for food storage in the region,” he said.

Karis Cold wants to buy Parcel 38, which is near Suddath, Southeast Toyota Distributors and BJ’s Wholesale Club centers.

A conceptual site plan for Karis Cold show two suites with a future rail dock along a Norfolk Southern rail line.

The site plan lists Primus Builders Inc. of Woodstock Georgia, as the builder.

KarisCold.com says the company develops, builds and owns cold storage facilities for operators and users.

It offers build-to-suit projects, sale-leaseback financing and redevelopment of existing facilities.

It lists properties in California, Colorado, Illinois, New Jersey and Tennessee.

 

Source: Jax Daily Record


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Guy Preston

Senior Vice President

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

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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