CT Realty to Develop 3M-SF Logistics Park in Jacksonville
Developer CT Realty, as part of a joint venture with Diamond Realty Investments, has announced the acquisition of 250 acres of industrial land for the development of an eight-building, 3.2 million-square-foot, logistics park in Jacksonville.
The first phase of the project is now underway with 1.7 million square feet in three buildings, representing the largest spec development in Jacksonville and including one of only two spec million-square-foot buildings in development statewide. The project will be located in Northwest Jacksonville on Pritchard Road, approximately three and one-half miles west of I-295. The site is adjacent to Southeast Toyota Distributors, the world’s largest independent Toyota distributor and the seller in the transaction.
Guy and Seda Preston of Colliers International represented both the seller, Southeast Toyota Distributors, and CT Realty in the transaction.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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