Skip Ribbon Commands
Skip to main content

News release

JACKSONVILLE, FL

Pattillo Industrial Taps JLL to Lease Westside Industrial Park and

Assignment represents a shift in developer’s real estate strategy


JACKSONVILLE, August 17, 2015 – JLL has been awarded the exclusive leasing assignment by Pattillo Industrial Real Estate for Westside Industrial Park, a 5.5-million-square-foot development located off Pritchard Road, and NorthPoint Industrial Park, comprising 1.5 million square feet located on Port Jacksonville Parkway. The parks are the first leasing assignment to be outsourced from Pattillo Industrial in Florida as the firm moves to increase focus on acquisitions and new development.

“The current market called for a shift in our real estate strategy. By leveraging JLL’s strong marketing and leasing capabilities, we are able to focus our energy on new development and asset acquisition,” said Peter Anderson, Vice President at Pattillo Industrial Real Estate.

JLL Vice President Luke Pope, who leads the firm’s industrial practice in Jacksonville, will oversee the leasing efforts.

“Westside and NorthPoint Industrial Parks can accommodate a wide range of industrial users, offering quick access to major highways, ports and airports,” said Pope. “With market conditions continuing to tighten and increasing demand for quality space in strategic locations, we expect interest from prospective tenants to remain strong.”

Westside Industrial Park is the largest industrial park in Northeast Florida and home to many of the largest companies doing business in Jacksonville, such as BMW of North America, WW Grainger and Kraft Foods. Availabilities across the two parks range from 6,000 to 237,000 square feet, the latter representing the only speculative building currently under construction in Jacksonville.

According to JLL’s Q1 Industrial Outlook for the Jacksonville market, market conditions are expected to tighten through the remainder of 2015, as economic activity in the region is expected to show continued improvement. The report also highlights that new developments at the Port of Jacksonville, such as the pending completion of the new Intermodal Container Transfer Facility, will help reduce transportation costs for existing industrial users and play a key role in attracting new demand to the area.


About Pattillo Industrial Real Estate
Since 1950, the Pattillo family has been dedicated to developing and owning top quality industrial buildings in progressive communities. Pattillo Industrial Real Estate is now a third generation developer with over 200 buildings.  The firm is the largest privately held industrial development operation based in the Southeastern United States, and specializes in the development, acquisition and management of industrial buildings that provide superior locations and operating efficiency for logistics and manufacturing.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.