Jacksonville, FL (12/20/2024) – InLight Real Estate Partners is excited to announce the acquisition of 136 acres of land in Jacksonville, Florida, for the development of Eastport Road Logistics Park, a state-of-the-art Class A industrial park. The two-phase speculative development will total approximately 1.75 million square feet across seven buildings, making it the largest spec development in InLight’s portfolio and one of the largest spec developments in the southeast since 2022.
Strategically located in Jacksonville’s Northside submarket, Eastport Road Logistics Park offers unmatched access to critical infrastructure, including I-295, I-95, JaxPort’s two marine terminals, and nearby intermodal rail facilities. This best-in-class location is ideally suited to serve the growing logistics demands of the Jacksonville MSA and the broader East Coast market.
Project Highlights:
- Development Overview:
- Phase 1: 78.21 acres, 889,086 SF across 4 buildings
- Phase 2: 58.60 acres, 854,880 SF across 3 buildings
- Building Features: Clear heights ranging from 32 to 36 feet, auto and trailer parking facilities designed to market-leading standards.
- Flexible suite sizes starting at 25,000 SF
- Build-to-suit options up to 688,000 SF
- Clear heights ranging from 32 to 36 feet
- Dock-high doors, drive-in doors, and ample parking spaces
- Durable 45-mil TPO roofs and R-15 insulation
- LED lighting for both interiors and exteriors
- Targeted Completion: Building 1 is slated for completion in Q2 2026, with Building 4 wrapping up by Q4 2026.
- Development Efficiency: Both Phases will be cleared simultaneously, enabling Phase 2 to quickly accommodate any BTS opportunities.
Why this Location Works:
Eastport Road Logistics Park’s location ensures seamless connectivity to regional and national logistics networks. Positioned just 0.9 miles from the I-295 interchange and 2.95 miles from I-95, the site provides efficient access to the Jacksonville International Airport, CSX and Norfolk Southern intermodal yards, and one-day trucking routes to a significant portion of the U.S. population. The city’s ongoing expansion of Eastport Road, expected to be completed by Q3 2025, will further enhance site accessibility.
The Northside submarket continues to be Jacksonville’s most sought-after industrial corridor, accounting for 41% of leasing activity in 2023. Eastport Road Logistics Park is well-positioned to attract top-tier tenants, joining an impressive roster of nearby operators, including DHL, Amazon, Kroger, and FreezPak.
Why This Project Stands Out:
Designed to accommodate a wide range of user needs, the project targets the most in-demand suite sizes in the market, with spaces ranging from 25,000 to 300,000 SF. The park’s proximity to JaxPort and its location inside the I-295 loop set it apart as a premier choice for logistics tenants.
Project Partners:
- Equity Partners: Ares Industrial Management and InLight Capital
- Debt Financing: Affinius Capital
- General Contractor: The Conlan Company
- Leasing Broker: Colliers – The Preston Team
Quote from Charles Margiotta, Partner, InLight Real Estate Partners
“As both investors and developers deeply rooted in the Southeast, we are most excited about the transformative Eastport project in Jacksonville, which stands out as the crown jewel of our coastal portfolio. Being headquartered in Jacksonville, we take immense pride in our hometown approach to investing. This project reflects our commitment to driving economic growth by creating jobs, attracting employers, and advancing Jacksonville’s position as a premier logistics hub. Together, we are working to shape the future of our community and elevate Jacksonville into a leading player on the global logistics stage.”
About InLight Real Estate Partners:
InLight Real Estate Partners (https://inlightre.com) is a full-service investment and development firm focused on industrial and logistics real estate across the Sun Belt, Midwest, East Coast, and Gulf Coast markets.
Contact Information: InLight Real Estate Partners, [email protected]
