Enstructure will lease and develop 79 additional acres beginning
in 2025 when Southeast Toyota relocates to Blount Island
Seated from left: Enstructure Co-CEO Philippe De Montigny, Enstructure Co-CEO Matthew Satnick, Jacksonville Mayor Donna Deegan, JAXPORT Board Chair Daniel Bean, JAXPORT CEO Eric Green, and Jacksonville City Council President Dr. Ron Salem.
Standing left to right: Matthew Satnick and Philippe De Montigny
JACKSONVILLE, Fla. (January 22, 2024) – The JAXPORT Board of Directors today unanimously approved a long term, 30-year agreement with leading U.S. marine terminal and logistics company Enstructure for the lease and development of 79-acres of 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 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.
“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.”
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-containerized cargo such as forest products by 20 percent.
The agreement includes a $136 million lease with JAXPORT over the term of the contract.
“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.”
Expanding capacity for breakbulk and bulk products is one of the key strategies outlined in JAXPORT’s five-year Strategic Master Plan. Northeast Florida’s skilled workforce is experienced in handling all types of breakbulk and bulk cargo and offers a wide variety of labor options.
Located in the Southeastern U.S. at the crossroads of the nation’s rail and highway network, JAXPORT is a global gateway to Florida, the nation’s third-largest state. Jacksonville is Florida’s largest container port and one of the nation’s largest vehicle-handling ports. The port offers two-way ship traffic with same day access to nearly 100 million consumers. JAXPORT offers shippers seamless transportation via 100 trucking firms and 40 daily trains via Class I railroads CSX and Norfolk Southern and regional rail line Florida East Coast Railway.
Enstructure LLC is a logistics infrastructure company with corporate offices in Wellesley, Massachusetts and New York, New York. Enstructure owns and operates an integrated network of marine terminals and logistics assets on the East Coast, Gulf Coast, and Inland River System of the United States. Founded in 2016, Enstructure’s mission is to acquire and grow established terminal and logistics companies that will benefit from the company’s resources and best practices. Enstructure provides extensive services for some of the world’s largest companies within the energy, agriculture, food, manufacturing, construction, and public safety sectors.