(To read more on the industrial market, click here.)
JACKSONVILLE, FL-Locally based Laney & Duke TerminalWarehouse Co. Inc., a 77-year-old logistics firm which has outgrownits quarters, has contracted with Plano, TX-based Hillwood todevelop a 400,000-sf build-to-suit distribution center in NorfolkSouthern Railroad's Westlake Industrial Park. The park is offPritchard Road on Jacksonville's west side.
Hillwood officials couldn't be reached by GlobeSt.com'spublication deadline to learn the development cost of the project.However, area construction sources familiar with comparableventures tell GlobeSt.com the center will probably be built at anestimated hard construction cost of $50 per sf or a total $20million.
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