JACKSONVILLE, FL., – August 1, 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 lease that will bring Cenntro Auto to Beach Boulevard Distribution Center at 11840 Beach Boulevard. The 46,000-square-foot multi-tenant showroom warehouse facility located in the Southside submarket of Jacksonville is leased exclusively by NAI Hallmark. Patrick Thornton, Principal, Jason Purdy, Vice President, and Camden Padgett, Associate represented EastGroup Properties Inc. in the transaction.
Cenntro Electric Group Ltd. makes light and medium-duty electric vehicles for corporate and governmental uses. The 12,000 square foot showroom space at Beach Boulevard Distribution Center will be the company’s flagship retail store in the U.S. as it begins assembling electric vehicles at its new Jacksonville plant projected to produce at least 10,000 vehicles a year.
“More companies are choosing Jacksonville as part of their solution to the problem of supply chain issues due to efforts positioning the region as a transportation and logistics hub.” said Jason Purdy, Vice President at NAI Hallmark. Purdy added, “JaxPort has diverted container cargo traffic to its port along with a harbor-deepening project that is further increasing the amount of consumer goods coming into the region.”
For more information regarding the lease at Beach Boulevard Distribution Center or any questions relating to industrial assets, please contact Jason Purdy at jp@naihallmark.com.
