California-based CT Realty CEO James C. “Watty” Watson estimates a more than $300 million investment in plans are being made for a 251-acre Westlake Industrial Park distribution center along Pritchard Road.
A partnership of CT Realty and Diamond Realty Investments LLC plans to develop 3.2 million square feet among eight buildings on property purchased April 29, according to WJCT News partner the Jacksonville Daily Record.
CT Realty said it will be the largest speculative industrial development in Jacksonville.
Watson said May 10 that the partnership will start with a first phase of more than 1.7 million square feet among three buildings to be completed for leasing in the second quarter of 2022.
The three structures will be 1,010,350 square feet, 416,000 square feet and 320,240 square feet.
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