Jaxport’s Talleyrand Marine Terminal. | Jaxport
Published on January 22, 2024 at 2:35 pm
Enstructure, a marine terminal and logistics company, will lease and develop 79 acres of waterfront property at Jaxport’s Talleyrand Marine Terminal under a 30-year agreement with the port authority’s board.
It plans to use the Talleyrand property as a mixed-use facility with the flexibility to move multiple cargo types, including breakbulk, dry bulk, vehicles and containers, Jaxport said.
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The owner of Jacksonville-based Seaonus Stevedoring, Enstructure already operates out of 35 acres of adjacent space at Jaxport’s Talleyrand terminal. A Jaxport tenant for 27 years, Enstructure will expand to almost 115 acres at the Talleyrand terminal under the new agreement.
“Enstructure is one of our longest standing tenants, and we are proud to support their continued success in Jacksonville,” Jaxport CEO Eric Green said in announcing the contract. “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.”
Enstructure Co-CEOs Matthew Satnick and Philippe De Montigny said they are excited to build on their partnership with Jaxport and invest further in the high-growth Jacksonville market.
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Enstructure LLC, with corporate offices in Massachusetts and New York City, owns and operates a network of marine terminals and logistics assets on the East and Gulf coasts as well as inland river system. Its agreement includes a $136 million lease with Jaxport over the term of the contract. It 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 by 20%, officials said.
The expanded capacity is a key strategy in Jaxport’s five-year strategic plan, officials said. Enstructure will begin leasing the new acreage in late 2025, when the current tenant, Southeast Toyota Distributors, moved to the port’s Blount Island Marine Terminal.
