The Jacksonville Port Authority (JAXPORT) Board of Directors has unanimously approved a long term, 30-year agreement with US marine terminal and logistics company, Enstructure, for the lease and development of a 79-acre waterfront property at JAXPORT’s Talleyrand Marine Terminal.
Enstructure is the parent company of Jacksonville-based Seaonus Stevedoring, a current JAXPORT tenant operating 35 acres of adjacent space at JAXPORT’s Talleyrand terminal.
Seaonus has been a JAXPORT tenant for 27 years. Combined with its current acreage, the new agreement will reportedly provide Enstructure with a total of 115 acres at the Talleyrand terminal.
Enstructure will begin leasing the new acreage in late 2025 when the current tenant, Southeast Toyota Distributors, relocates to the port’s Blount Island Marine Terminal.
The 79-acre Talleyrand property will be a mixed-use facility with the flexibility to move multiple cargo types, including breakbulk, dry bulk, vehicles, and containers.
READ: JAXPORT granted $30 million to purchase new container cranes
The agreement calls for Enstructure to develop at least 200,000 square feet of new on-terminal warehousing at Talleyrand. The additional warehousing will increase JAXPORT’s on-terminal covered capacity to handle non-containerised cargo such as forest products by 20 per cent.
The agreement includes a $136 million lease with JAXPORT over the term of the contract.
“We are excited to build upon our partnership with JAXPORT and invest further into the high-growth Jacksonville market,” said Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure.
“Expanding our Talleyrand Marine Terminal operations is a strategic priority for Enstructure and we look forward to working closely with the JAXPORT team to further diversify our cargo mix.”
READ: JAXPORT appoints new Board member
“Enstructure is one of our longest standing tenants and we are proud to support their continued success in Jacksonville,” said JAXPORT CEO, Eric Green.
“This agreement allows us to build on our cargo diversification, while also supporting the growth of an experienced terminal operator that has contributed so much to the growth of our port.”
More recently, SSA Marine reached the halfway point in a $72 million project to expand and modernise the SSA Jacksonville Container Terminal.
