NAI Hallmark Partners, leasing agent for EastGroup Properties Inc. (NYSE:EGP) representing their industrial portfolio for Jacksonville, FL, announced today that it has completed a long-term lease that will bring The Supply Source to Deerwood Distribution Center at 8500 Baycenter Road. The Jacksonville-headquartered supply chain management company will move their corporate headquarters on June 1, 2013 to a 69,098 square foot space, which represents the largest industrial lease in 2013 for the Southside market. NAI Hallmark Partners’ Patrick Thornton, Principal and Christian Harden, Vice President represented EastGroup Properties Inc. in the transaction.
“For a supply-chain management and distribution company to expand by more than double the size of their previous facility is a positive sign that the economy is improving,” said Harden. “We’re very excited to have The Supply Source as a customer with EastGroup Properties.”
Deerwood Distribution Center, a 130,000-square-foot multi-tenant warehouse facility located in the Baymeadows submarket on Jacksonville’ s Southside, was one of the earliest warehouse projects delivered in the Deerwood Center Business Park and is leased exclusively by NAI Hallmark Partners.
“The Supply Source is excited about this expansion as it allows our company to expand both its flexo-printing area and warehouse operations,” said Jay Bean, Chief Operating Officer of The Supply Source. “This new facility will simultaneously incorporate new equipment and technology to better serve our customers including new press equipment and warehouse management systems.”
“The Supply Source is a great national firm and we are very pleased to be able to accommodate their current growth as a customer in Jacksonville,” said Nick Jones, Asset Manager with EastGroup Properties Inc.