JACKSONVILLE, FL., – May 31st, 2022 – NAI Hallmark, leasing agent for EastGroup Properties Inc. (NYSE:EGP) representing their industrial portfolio for the Southside of Jacksonville, Florida, announced today that it has completed a long-term lease that will bring Franklin Southern Manufacturing to Deerwood Distribution Center at 8500 Baycenter Road. The Jacksonville-headquartered steel and aluminum metal product manufacturing company will move its corporate headquarters on June 1, 2022 to a 75,664 square foot space, which represents one of the largest industrial leases in 2022 for the Southside market. NAI Hallmark’s Patrick Thornton, Principal, Jason Purdy, Vice President, and Camden Padgett, Associate represented EastGroup Properties Inc. in the transaction.
“For a steel and aluminum metal product manufacturing company to expand by more than six times the size of their current facility is a positive sign of the resurgence of local manufacturing in our country,” said Purdy. “We’re very excited to have Franklin Southern Manufacturing 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.
“Franklin Southern Manufacturing is a great industry leader and we are very pleased to be able to accommodate their current growth as a customer in Jacksonville,” said Jaclyn Kennedy, Senior Asset Analyst with EastGroup Properties Inc.
For more information regarding the lease at Deerwood Distribution Center or any questions relating to industrial assets, please contact Jason Purdy at jp@naihallmark.com.
