Skip to main content Skip to footer

Lincoln Property applies for permit to build Pickettville Road warehouse

TurriPickettville Hero Image

The city is reviewing an application for a $22 million, 302,800-square-foot shell structure in West Jacksonville.

The city is reviewing a permit application for Lincoln Property Co. to build a 302,800-square-foot warehouse shell at an estimated job cost of $22 million on land the developer bought in June in West Jacksonville.

Adkinson Engineering is the civil engineer for the project on 41.29 acres that Dallas-based Lincoln Property bought at 2992 Pickettville Road.

Landowner Jack Allen sold the site for $5.5 million. Colliers Director Joseph Turri, who represented Allen in the sale, said previously that 27.6 acres is usable.

The land is west of Interstate 295 and south of Pritchard Road.

Plans show a general storage warehouse on about 12 acres and use of the remainder for parking, truck parking, a pond, mitigation and wetland.

The client is listed as Lincoln Property Co.’s Atlanta office.

Chicago-based Lincoln Advisors bought the Pickettville Road property through Columbia Florida Pickettville Industrial LLC. 

Allen sold it through Transportation Property Partners LLC.

It is one of several warehouses in development as the industrial vacancy rate in Northeast Florida falls to 3.3% and below.

 

Source: Jax Daily Record


Related Experts

Joseph Turri

Associate Vice President

Jacksonville

Joseph M Turri is an Associate Vice President of Industrial Brokerage Service with Colliers International Florida. Joseph focuses his efforts primarily on the disposition and acquisition and investment analysis. His brokerage activities include both seller/landlord representation and buyer/tenant representation of sales and leases, specializing in industrial warehouses, Industrial Land, Truckyards, Truck Terminals. and  Build to Suit for local, regional and international companies. Joseph has a reputation of being a key player in the Jacksonville, FL industrial market with having completed over 600 transactions throughout his career totaling 5.2M square feet. These transactions are valued at more than $300 million and has placed Joseph among the top producers within Colliers.

Prior to joining Colliers International, Joseph was a property manager at New Bedford Management and managed over 70 buildings in the NYC metro area. Upon moving to Jaksonville, FL. he was an Industrial Broker at Prime Realty before being recruited to Colliers Imternational.

View expert