Capitol Development International managing partner Jim Bradytells GlobeSt.com that the project is a land development project,whereby Capitol will construct the roads and infrastructure on thesite and then either sell individual parcels or develop them asbuild-to-suit projects. The site is currently divided into nineparcels, although parcels may be combined to accommodate largerprojects. Prices for the parcels range from $435,000 to $1.5million. "We have very broad zoning on this site so it couldaccommodate a range of uses," Brady says.

Colliers Dickenson broker Jason Ryals is handling the leasingfor the project. Among the types of tenants that have expressedinterest in the site include restaurants and paint companies."We're currently in negotiations with three potential buyers,"Brady says.

It is located in an area that is seeing growth. OakLeafPlantation, a 6,400-acre master-planned community is located a fewmiles away. Traffic counts on the section of Blanding Boulevardwhere the project will be located are approximately 48,000 cars perday, and Old Jennings Road approximately 3,000 per day. "With OldJennings Road changing to CR 209, it will serve as the majorthoroughfare as a four-lane highway to Green Cove Springs," Bradysays. "We estimate that traffic counts will increasesubstantially."