MIAMI—For all the talk about Miami's industrialmarket, North Florida is still a player. Although there's notnearly the activity in Jacksonville and other northern Floridacities on the industrial front that could changein the years ahead as the Panama Canal expansion project doublescapacity of the waterway by 2015.

In the meantime, brokers like Terry Quarterman,first vice president of CBRE Jacksonville, arewaiting and watching for the opportunity. In part one of thisexclusive two-part interview, caught up with Quartermanto ask him what's changing in Jacksonville and how that's impactingthe appetite for risk in the capital markets. How is the development horizon changingJacksonville and north Florida during this recoveryperiod?

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