Cabot Commerce Center at Aprile Farms - Tampa, FL
Cabot Commerce Center at Aprile Farms is a 390,000 square foot, two-building, rear-load, Class A, speculative industrial development located at the northeast corner of US Interstate 4 and US Highway 301 in Tampa, FL. The buildings feature high visibility to Interstate-4 and easy access from all directions via US 301 and Sligh Avenue.
The project includes 2 outparcels – a 3.7-acre parcel that was sold to hotel operators for the development of a 144-room extended-stay hotel; and a 3.8-acre parcel that is under contract to be sold to a gas/convenience store developer. Chestnut Hill Investments served as the developer on the project, overseeing all aspects of the development including acquisition, due diligence, design, permitting, construction, and lease-up.
Deal Parameters
- Investor: Cabot Properties
- Deal Size: $35.0 MM
- Completion Date: November 2019
Building Details
Building 1
- 240,000 square feet
- 32’ Minimum Clear Height
- 240’ Building Depth
- 180’ Truck Court Depth
Building 2
- 150,000 square feet
- 32’ Minimum Clear Height
- 210’ Building Depth
- 180’ Truck Court Dept.
Cabot Crosstown - Tampa, FL
Cabot Crosstown is a 150,000 square foot, Class A, speculative industrial front-load, building located at the East Tampa submarket in Tampa, Florida. The building features high visibility from the Selmon Expressway and is accessed from US Highway 301, the main thoroughfare in the submarket. The buildings was the first speculative industrial development projected to be completed after the recession, and shortly after construction was completed, the building was fully-leased to Coca-Cola Refreshments. Chestnut Hill Investments served as the developer on the project, overseeing all aspects of the development including acquisition, due diligence, design, permitting, construction, and lease-up.
Deal Parameters
- Investor: Cabot Properties
- Deal Size: $10.0 MM
- Completion Date: January 2015
Building Details
- 150,000 square feet
- 30’ Minimum Clear Height
- 210’ Building Depth
- 180’ Truck Court Depth
.
Alta Lakes Commerce Center - Jacksonville, FL
Alta Lakes Commerce Center is a 570,000 square foot, 4 building, rear-load, Class A, speculative industrial development located on the northside of Jacksonville, FL, in close proximity to the JaxPort Blount Island and Dames Point marine terminals.
The buildings offer visibility from Interstate-295 and easy access to Alta Drive and Faye Road. Chestnut Hill Investments served as the developer on the project, overseeing all aspects of the development including acquisition, due diligence, design, permitting, construction, and lease-up.
Deal Parameters
- Investor: Cabot Properties
- Deal Size: $38.0 MM
- Completion Date: March 2009
Building Details
Building 1
- 130,000 square feet
- 28’ Minimum Clear Height
- 185’ Building Depth
- 180’ Truck Court Depth
Building 2
- 190,000 square feet
- 28’ Minimum Clear Height
- 240’ Building Depth
- 135’ Truck Court Dept
Building 3
- 130,000 square feet
- 00’ Minimum Clear Height
- 200’ Building Depth
- 180’ Truck Court Depth
Building 4
- 120,000 square feet
- 28’ Minimum Clear Height
- 210’ Building Depth
- 180’ Truck Court Depth
I-4 Logistics Hub - Lakeland, FL
The I-4 Logistics Hub is a 537,000 square foot, Class A, cross-dock, speculative industrial development located between State Road 33 and US Interstate 4 in Lakeland, Florida. The building feature unmatched visibility from Interstate-4 and is 1.5 miles from the State Road 33 exit. The project is currently under construction (expected completion in December 2019), and is 80% pre-leased. Chestnut Hill Investments originally partnered with an investor to acquire develop the property in 2008. After the property was acquired, the recession prevented the development from moving forward. From that point, Chestnut Hill Investments worked with several brokers to market the property to potential users for a build-to-suit, and eventually supported the investor through the sale of the property in 2017. After the sale, Chestnut Hill Investments, in partnership with River Oaks Capital Partners, facilitated the sale of the property to Xebec Realty partners, and was engaged as a development partner by Xebec. Chestnut Hill Investments role was to oversee the re-design and permitting of the project as a single building development.
Deal Parameters
- Investor: Xebec Realty Partners
- Completion Date: January 2020
Building Details
- 537,000 square feet
- 36’ Minimum Clear Height
- 470’ Building Depth
- 185’ Truck Court Depth
EverBank Office Relocation - Jacksonville, FL
The EverBank Headquarters relocation was a two-phased project that began in 2010. The first phase of Chestnut Hill Investments’ engagement was to complete an analysis of multiple development site locations for EverBank’s 275,000 square foot operations center office requirement.
The analysis began with a survey of 25 potential locations, advanced to producing a conceptual design and detailed budget and schedule of four final locations and concluded with a comparison to available properties for lease.
In 2011, EverBank elected to sign a lease for 270,000 square feet in a 30-story office tower located at 301 West Bay Street in downtown Jacksonville, FL. The second phase of Chestnut Hill Investments’ engagement was to provide construction management services for the buildout of the space that included $10.0 million of tenant improvements and building improvements.
Project Overview
- Client: EverBank
- Engagement: Development analysis and construction management
- Duration: July 2010 – March 2013
- Project Size: $10.0 million
Jacksonville Electric Authority Headquarters
The JEA Headquarters project is an active project for Chestnut Hill Investments that began with a consulting engagement in 2016 and has continued with an on-going co-development role. In 2016, Chestnut Hill Investments was engaged to evaluate a variety of options for JEA’s office headquarters.
Those options included renovating their existing 40-year-old downtown tower, demolishing the tower and building new on the same site, and building new on another site either downtown or in the suburbs. The engagement concluded with a recommendation to develop a new building on a new downtown site.
In late 2018, Chestnut Hill Investments was engaged by The Ryan Companies to join their team that was bidding to be awarded the development of the new headquarters building. The Ryan Companies team was awarded the development in April and pre-construction activities are currently on-going. The expected completion date is April 2021.
Project Overview
- Client: Jacksonville Electric Authority
- Lead Developer: The Ryan Companies
- Estimated Completion: April 2022
- Project Size: 200,000 square feet
