Daily Record Financial News &
Friday, December 8, 2017
Vol. 105, No. 017 • One Section
35¢
www.jaxdailyrecord.com
AT THE CENTER OF JOB GROWTH
Crossdock facility planned
Dozens of new restaurants and businesses are bringing more than 1,000 jobs to the St. Johns Town Center area. How will they impact Jacksonville?
Lake Washington Partners wants to build logistics center in Northwest Jacksonville. Lake Washington Partners proposes to develop a large cross-dock facility at along New Kings Road in Northwest Jacksonville next to a distribution center it developed in 2008. President Jordan Lott said Seattle-based Lake Washington Partners, which owns projects in eight states, works to maximize construction at optimal times within the market. “ We fe e l Jacksonville is Lott primed for this type of development right now,” Lott said. Lott noted Jacksonville’s tight industrial market and the area’s recognition by Forbes magazine this year as the fifth fastestgrowing city in the country. The Northeast Florida industrial vacancy rate reached 5 percent or below at the end of the third quarter, real estate reports show. The city issued a Concurrency Reservation Certificate on Tuesday for a 373,650-square-foot cross-dock distribution center on almost 25 acres at 10940 New Kings Road, north of Interstate 295. Lake Washington Partners bought the land in 2012. Records show Lake Washington Partners bought the adjacent 27.2-acre site in 2008 and developed the SanMar Distribution Center, which distributes clothing. A plan filed with the concurrency application shows that as a 532,000-square-foot center, although property records and the 2008 building permit list it larger.
Photos by Monty Zickuhr
William Mathews, manager of Grub Burger Bar, works outside of the restaurant Wednesday at The Strand at Town Center. Grub Burger Bar is one of at least 20 restaurants now open or coming to the St. Johns Town Center area.
By Scott Sailer Editorial Research Director
W
illiam Mathews, manager of Grub Burger Bar, set up a tent display in front of the unfinished restaurant to build awareness — and recruit workers. Grub Burger Bar, a Texas-based chain restaurant opening at The Strand at Town Center early next year, is one of at least 40 businesses coming to three retail centers taking shape across from St. Johns Town Center. The businesses opening at The Strand, The Crossing at Town Center and Town Center Promenade are bringing more than 1,000 jobs to the Southside area. A Daily Record review of those businesses found they plan to create at least 1,300 jobs, but the actual count is likely much larger because only about Jobs
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Many of the stores and restaurants coming to the St. Johns Town Center area are new to Jacksonville, including 2nd & Charles and Grub Burger Bar.
Mathis
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You should know ... Kristin Keen Rethreaded Inc. founder creates jobs for survivors of human trafficking. Public
legal notices begin on page
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consecutive business days