The Suddath Cos. announced Aug. 22 that its wholly owned real estate development company, Suddath Property Management, has acquired 107 acres at the Airport Commerce Center from Subema LLC with plans to acquire and develop the remaining 200 acres at the site.
Suddath said in a news release Aug. 22 that it previously formed the name Airport Commerce Center LLC and acquired the option June 26 from Flint Development to buy the 307-acre tract from Subema.
Airport Commerce Center is west of Interstate 95 and Pecan Park Road, and south of Gold Star Family Parkway in North Jacksonville near Jacksonville International Airport.
Jacksonville-based Suddath Cos. said the Aug. 12 purchase “marks a significant step forward for Suddath Property Management’s capabilities as a developer of industrial pr