The Board of Directors at JAXPORT has unanimously approved a 30-year agreement with Enstructure, a US marine terminal and logistics company, for the lease and development of 320,000 m² of waterfront property at JAXPORT’s Talleyrand Marine Terminal.
Enstructure, the parent company of Seaonus Stevedoring based in Jacksonville, has been a JAXPORT tenant for 27 years, currently operating 142,000 m² at the Talleyrand terminal. With this new agreement, Enstructure’s total acreage at the Talleyrand terminal will expand to 465,000 m².
“We are excited to build upon our partnership with JAXPORT and invest further into the high-growth Jacksonville market. 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,” stated Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure.
Enstructure is set to commence leasing the additional acreage in late 2025, coinciding with the relocation of the current tenant, Southeast Toyota Distributors, to JAXPORT’s Blount Island Marine Terminal. The 320,000 m² property at Talleyrand is slated to become a versatile facility, accommodating various cargo types, including breakbulk, dry bulk, vehicles, and containers.
As part of the agreement, Enstructure commits to developing a minimum of 18,580 m² of new on-terminal warehousing at Talleyrand. This expansion will boost JAXPORT’s on-terminal covered capacity by 20%, specifically enhancing its capability to handle non-containerized cargo like forest products.
The comprehensive agreement outlines a US$136 million lease with JAXPORT throughout the 30-year contract term.
“Enstructure is one of our longest-standing tenants and we are proud to support their continued success in Jacksonville. 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,” stated Eric Green, CEO of JAXPORT.
One of the central initiatives outlined in JAXPORT’s five-year Strategic Master Plan involves the expansion of capacity to accommodate breakbulk and bulk products. The skilled workforce in Northeast Florida possesses extensive experience in handling diverse types of breakbulk and bulk cargo, providing a range of labour options.
