Graham & Company, the Birmingham, Alabama based commercial real estate services and development company, recently closed on the acquisition of 21 acres at W. 12th Street and Edgewood Avenue, making way for a new, two building, 250,800 square foot warehouse/distribution development named “W. 12th/Edgewood
Logistics Center.” Slated for completion in late 2023, this project is a joint venture between Birmingham-based Graham Capital and a Jacksonville-based investor group led by Sam Easton.
This acquisition marks the third transaction by Graham in the Westside submarket since 2021.
“Jacksonville’s market fundamentals remain solid. We have had success in the Jacksonville market since the early 2000’s and believe this site has tremendous potential as an in-fill location,” said Matthew Graham, Vice President of Graham & Company. “Despite the challenges facing new construction today, we are encouraged by the market’s ability to absorb space, particularly in the size range and quality we offer.”
Graham & Company’s acquisition of the site was initiated by Mark Scott, Senior Vice-President of Foundry Commercial, who, along with John Cole and Andrew Hawkins will market the property for lease.
“W.12th/Edgewood Logistics Center is a Class A project designed with modern features such as 32-foot clear height and ESFR sprinklers within a concrete tilt wall structure. These buildings are ideally suited for a variety of sized tenants, from 25,000 sf to full building occupiers,” said Scott.
The Conlan Company and Randall-Paulson Architects will serve as the project’s design/build team. England-Thims & Miller (ETM) will oversee the civil engineering needs of the project. Financing is to be provided by SouthState Bank. Graham & Co looks forward to collaborating with the community and the city of Jacksonville, to make this project a reality and plans to break ground on the site in early 2023.