C&W closes 240,000sf lease

JACKSONVILLE - Cushman & Wakefield of Florida Inc. announced JAX BTS #1 LLC will develop and own a 240,000sf distribution center. Principals of JAX BTS #1 include Beechwood Partners LLC and an affiliate of Weeks - Robinson.

The building, to be situated on 12 acres in Westlake Industrial Park, will be completed in the summer of 2010 and leased to PenserSC. The C&W industrial brokerage team of Mark Scott, Tyler Newman and Jim Patrick represented Beechwood Partners LLC in the lease.

Penser operates more than 2 msf of dry and temperature-controlled warehouse space in Jacksonville, Orlando and Miami.