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JACKSONVILLE, FL-The transportation corridors of this northFlorida metropolitan area has prompted Majestic Realty Co. to goahead with a $38-million, 833,300-sf class A warehouse anddistribution hub. The development will rise on a 47-acre tractwithin the Jacksonville Tradeport Business Park, says David A.Wheeler, president of the City of Industry, CA-based company. Aground-breaking date is being worked out.
"With major highways and three major railroads serving the area,along with a deep-water port and international airport, theJacksonville market provides strategic advantages to tenants withwarehouse and distribution needs," says Brett Tremaine, vicepresident of Majestic's newly formed National Development Group inDenver.
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