Saxum Real Estate developing Imeson cold storage center | Jax Daily Record | Jacksonville Daily Record
Saxum Real Estate is looking to purchase land and develop a 333,045 square foot cold storage facility in the Imeson International Industrial Park, per plans submitted to the City.
According to industry estimates, a cold storage project of this size could cost at least $50 million to build.
Saxum has offices in Austin, Texas and Summit, New Jersey.
Jacksonville Imeson PropCo LLC was formed for the deal in November.
The civil engineering plans list Todd Gerig as the contact for the LLC as the owner/developer.
Gerig is Director of Engineer at Ti Cold, a specialty manufacturer of industrial cold storage in the United States.
It provides construction services, including site planning and operational management.
Gerig had no comment.
Tippmann Innovation, which includes Ti Cold Storage, is owned by Sam Tippmann. According to ticold.com, the Tippman family has been associated with the food processing and refrigeration industry for more than 100 years.
Ti Cold has principal offices in Melbourne and Fort Wayne, Indiana.
Saxum plans to build the project on 32.37 acres at North Main Street and Van Dyck Road. Kimley-Horn and Associates Inc. is the civil engineer.
A November 30 brokerage proxy letter shows that Jacksonville Imeson PropCo LLC and Saxum Investment Co. have an agreement to purchase the property.
Saxum Investment Co. LLC is affiliated with Saxum Real Estate Companies LLC of Summit, New Jersey.
The principal place of business is shown as Saxum Real Estate Partners in Austin, Texas.
According to a memorandum and notice dated June 10, Industrial Park Investments LLC and Orlando-based Saxum Investment Co. LLC entered into a June 7 purchase and sale agreement for the property.
According to Saxumre.com, Saxum is focused on buying undervalued and underperforming assets or locations in high-growth markets that include major logistics and port hubs and transit-oriented markets.
Anthony Rinaldi is the founder and CEO. Rinaldi is CEO of Saxum Investment Co. LLC and Jacksonville Imeson PropCo LLC.
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