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VanTrust sells Imeson Park Building B for 50.8 million

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The structure is still under construction and is expected to be completed next month.

Kansas City-based VanTrust Real Estate sold its Imeson Park Building B for $50,832,000 to a group controlled by David Miller, CEO of Hawksbay LLC. 

The 552,720-square-foot building is under construction at 10501 Cold Storage Road in North Jacksonville. It is expected to be completed next month. 

It is part of the 156-acre master-planned industrial business park.

Guy Preston and Seda Preston of Colliers International represented the buyer in the transaction. 

LaRose Industries LLC leases 315,000 square feet in the building and 236,000 square feet is available for lease. 

It sits on 27.14 acres near an Amazon fulfillment center.

It is being constructed at a cost of $16.2 million, according to permits issued for the project in February. 

The Conlan Co. is the contractor for Building B. 

The structure will feature parking for 82 trailers and 204 autos.

The building will have 62 dock doors and two drive-in ramps on one side of the building and 55 dock doors and two drive-in ramps on the opposite side.

Macgregor Associates Architects of Atlanta is the architect. Jacksonville-based England-Thims & Miller Inc. is the civil engineer.

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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