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In the News | MWI Property Group lands permit for $15 million Building 200 in Westlake Commerce Center

Article by:  Karen Brune Mathis | Jax Daily Record | Click here to read the full article.

A rendering of the proposed almost 193,000-square-foot Building 200 at 9395 Pritchard Road in Westlake Commerce Center in Westlake Industrial Park.
A rendering of the proposed almost 193,000-square-foot Building 200 at 9395 Pritchard Road in Westlake Commerce Center in Westlake Industrial Park.
Midwest Industrial Funds, now known as MWI Property Group, landed permits for horizontal development and construction of Building 200 at its Westlake Commerce Center in West Jacksonville. The city issued a permit Dec. 6 for ARCO Design/Build to build the 192,924-square-foot speculative shell warehouse at 9391 Prichard Road at a project cost of almost $15.1 million. The site permit issued Dec. 6 allows the clearing of 9.53 acres. Matt Hubert, MWI Property Group senior vice president of development, said Dec. 5 that construction will start on Building 200 immediately after the land clearing. The city issued a permit April 29 for Midwest Industrial Funds to build the almost 337,000-square-foot speculative Building 100 at 9395 Pritchard Road at a project cost of $23.9 million. The city approved site clearing Feb. 7. ARCO Design/Build of Ponte Vedra Beach is the contractor for both single-story, concrete tilt-up warehouses. Hubert said construction is wrapping up at the end of December on Building 100 “with a spec office in place and ready for occupancy.”
MWI Property Group expects to wrap up construction in December on the almost 337,000-square-foot speculative Building 100 at 9395 Pritchard Road in Westlake Commerce Center.
MWI Property Group expects to wrap up construction in December on the almost 337,000-square-foot speculative Building 100 at 9395 Pritchard Road in Westlake Commerce Center.
He said no leases have been signed, “but activity has been strong.” A joint venture of PCCP LLC and Midwest Industrial Funds announced Jan. 9 it will develop Building 100 on Pritchard Road in Westlake Industrial Park. The site is north of Pritchard Road and south of Jones Road. Westlake is along Pritchard Road west of Interstate 295, which connects to I-95 and I-10, Jacksonville International Airport and the port of Jacksonville. As reported Jan. 4, Midwest Industrial Funds paid almost $3.54 million for 30.23 acres in December. It bought the land from two owners – Atlanta-based Westlake Land Management Inc., which is part of Norfolk Southern Corp., and Edward E. Jenkins III and Rosemary A. Jenkins of Jacksonville. “We believe the strategic location is within a prime, high-growth, port-served industrial market that has consistently maintained tight vacancies,” said PCCP Managing Director Kevin Chin in the January release. Los Angeles-based PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. MWI Property Group is a national real estate investment company focused on the development and acquisition of industrial properties throughout the U.S. On Dec. 22, 2023, Midwest Industrial Funds submitted civil engineering plans to the city for Buildings 100 and 200. Jacksonville-based England-Thims & Miller Inc. is the civil engineer. “Jacksonville has emerged as a key Southeast industrial market with strong fundamentals and robust demand from users,” Hubert said in January 2023. Hubert said Colliers Senior Vice President Guy Preston and Colliers Associate Seda Preston will be the project’s listing agents.
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