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Project: Development of Eastport Exchange,an industrial park.
Location: 10145 Eastport Road, Jacksonville, Florida (east of Eastport Road, south of Faye Road, south of I-295, east of I-95 and Main Street).
Developer: InLight Real Estate Partners (through Eastport Jacksonville Property Owner LLC) in partnership with Ares Industrial Management.
Land Acquisition: InLight bought 136 acres from Zion-affiliated entities for $26.75 million in December 2024.
Size & Scope: Plans include 4-7 industrial buildings totaling approximately 1.8 million square feet of warehouse space.
Timeline:
June 2024: InLight confirmed intent to buy and develop.
October 2024: Zion Jacksonville LLC applied for a permit to clear the land ($20 million project cost).
December 5, 2024: City issued the land clearing permit.
December 20, 2024: Property sale to InLight completed.
October/November 2024 (prior to sale): Zion Jacksonville applied for permits for four structures ($37.9 million project cost).
Real Estate Firms: Cushman & Wakefield is currently marketing the property. Colliers previously marketed it as Eastport Logistics Park.
Contractor: Phillips and Jordan Inc. is the infrastructure contractor.
Previous Owner: Zion Jacksonville LLC owns over 700 acres in North Jacksonville.