Spanish manufacturer Cosentino bought 570 acres from the City of Jacksonville with the promise that it would build a $270 million production facility. The company which makes natural stone and architectural surfaces, also promises it will create 180 jobs. It purchased the land off Interstate 10 for $20.4 million earlier this month.

Cosentino has produced stone products in Spain for decades.

The Jacksonville Business Journal reports two years ago, the City Council approved an economic development agreement that gave Cosentino a rebate of half of its facility’s property taxes for a decade, an incentive deal that amounts to $12 million and $5.5 million in debt spending to pay for a $3 million Logistics Land Road extension at the Cecil Commerce Center and pay $2.5 million for JEA to make sewer and water infrastructure improvements at the site.

The first phase of construction includes a 408,000-square-foot production facility and 734,000 square feet of adjacent support areas.