Suddath Property Management Acquires Phase 1 of Airport Commerce Center to Support NXTPoint Logistics Growth
JACKSONVILLE, Fla. (August 27, 2025) — The Suddath Companies announced today that its wholly owned real estate development company, Suddath Property Management, has successfully closed on Phase 1 of the Airport Commerce Center from Subema LLC, located at 0 Pecan Park Rd in Jacksonville. The Airport Commerce Center property comprises over 200 upland acres, with three distinct phases that Suddath intends to purchase in its entirety. Phase 1 represents approximately 71 of the total 200 upland acres. The primary purpose of the acquisition is to facilitate the expansion of Suddath’s logistics subsidiary, NXTPoint Logistics, in Northeast Florida.
This acquisition marks a significant step forward for Suddath Property Management’s capabilities as a developer of industrial properties, both for affiliated Suddath companies and for third parties.
“We are very excited about the purchase of the Airport Commerce Center property,” said Steve Suddath, Chairman of The Suddath Companies. “This acquisition builds on our most recent 350,000-sq. ft. development in Tampa and current projects in Melbourne [Fla.] and Lubbock, Texas. As a 106-year-old, Jacksonville-based company, we’re proud to continue investing in our hometown and the airport corridor, supporting both NXTPoint’s growth and the broader industrial market.”
The development of a new, state-of-the-art, 550,000-sq. ft. distribution center for NXTPoint Logistics represents a significant milestone as it looks to further establish its position as a leading logistics provider.
“NXTPoint Logistics is one of our highest growth businesses, and we continue to look to invest in and grow NXTPoint in Jacksonville, as well as other strategic markets in the Mid-Atlantic, Southeast and Southwest,” said Mike Brannigan, President and CEO of The Suddath Companies. “This investment will not only serve the growth needs of current and future NXTPoint customers, but will also be the future home of our new Logistics Innovation Center, where we will test and showcase the latest in supply chain technologies.”
