Merritt Properties Expands Imeson Landing with New Industrial Space
Merritt Properties Expands Imeson Landing Business Park
Merritt Properties has reached a significant milestone by fully leasing Phase Two of the Imeson Landing Business Park. This achievement highlights the company's commitment to enhancing Jacksonville's commercial real estate landscape. Currently, the park supports 24 diverse tenants, all utilizing spaces that range from 3,000 to 30,000 square feet. These businesses encompass light manufacturers, government contractors, port-related enterprises, and distribution companies.
Upcoming Phase Three Expansion
With the leasing momentum at Imeson Landing still thriving, Merritt Properties is set to launch Phase Three of the park. This expansion will introduce more than 120,000 square feet of additional industrial space aimed at fulfilling the growing demand from both new and existing tenants.
Future Development Plans
The Phase Three expansion includes the construction of three new light industrial buildings along Zoo Parkway. These structures will vary in size from 39,600 to 44,000 square feet, which will increase the total operational area of the park to approximately 393,000 square feet. This strategic move aims to accommodate a wider range of businesses looking for modern and versatile spaces.
Impact on Local Businesses
Pat Franklin of Merritt Properties expressed pride in reaching this full occupancy, stating that it reflects Jacksonville's robust business climate and the ongoing demand for adaptable industrial spaces. The firm is dedicated to creating quality environments that contribute to the success of its tenants.
The thoughtful design of the park, coupled with its prime location, solidifies Imeson Landing as a top choice for businesses requiring a flexible and attractive operational base.
Testimonials from Tenants
Current tenants have praised the efforts of Merritt Properties in meeting their needs. Curtis Gaskalla from BluSky Restoration highlighted his positive experience, noting the professionalism and responsiveness of Merritt's team during their relocation to Imeson Landing.
Supportive Infrastructure Improvements
Recently, Merritt Properties acquired a five-building complex on Gate Parkway, boosting its presence in the Jacksonville area. This facility, which is now known as Merritt at Gate Parkway, offers immediate leasing opportunities with units starting at 3,500 square feet. The company is currently working on upgrading the infrastructure and renovating existing office spaces to provide high-quality light industrial options.
Expanding Portfolio in Jacksonville
Merritt Properties' growth in Jacksonville continues, with future developments planned for Oakleaf Commerce Center in Clay County. The company's entry into the Jacksonville market began with the purchase of Magnolia Park in 2021. Today, their portfolio in the area surpasses 500,000 square feet of developed space.
About Merritt Properties
Established in 1967, Merritt Properties is a full-service commercial real estate firm managing over 21 million square feet across Maryland, Florida, North Carolina, and Virginia. The company's mission focuses on "Creating Homes for Businesses" while ensuring high-quality service and fostering lasting partnerships.
Unique in the industry, Merritt Properties builds and manages its properties internally, aligning its interests with those of its clients. The company's commitment to trust, integrity, and respect lies at the core of its business philosophy, promoting growth and retention of long-term client relationships.
Frequently Asked Questions
What is the significance of Phase Two's full occupancy?
The full occupancy of Phase Two demonstrates the thriving business environment in Jacksonville and the demand for quality industrial space.
What are the plans for Phase Three at Imeson Landing?
Phase Three will add over 120,000 square feet of industrial space, including three new light industrial buildings along Zoo Parkway.
Who are the current tenants at Imeson Landing?
The park hosts a variety of tenants, including light manufacturers, government contractors, and distribution companies, all utilizing spaces between 3,000 and 30,000 square feet.
Who is Merritt Properties?
Merritt Properties is a commercial real estate firm with a focus on creating flexible and quality environments for businesses across several states.
What future developments does Merritt have planned?
Future plans include further expansions at Oakleaf Commerce Center and potential additional projects in the Jacksonville area to meet increasing demand.
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