Sea Star Line has finalized its new lease agreement with the Jacksonville Port Authority, where it has been a tenant for the past 23 years.
The term of the agreement is 20 years, with two renewal options of 10 years each. The lease includes the use of more than 52 acres of land at Jaxport’s Blount Island Marine Terminal.
The Jacksonville, Fla.-based shipping company has operated out of Jaxport facilities since 1990, initially at the Talleyrand Marine Terminal, before moving to Blount Island in 1994.
“This long-term lease underscores Sea Star’s continued commitment to JAXPORT and the Northeast Florida region,” said Roy Schleicher, Jaxport’s interim CEO, in a written statement. “Our enduring partnership with this industry leader contributes greatly to Jacksonville’s success as the U.S. gateway for trade with Puerto Rico and the Caribbean.”
“Our company is pleased that Sea Star and Jaxport are opening another long and positive chapter in our shared history,” added Peter Keller, president of Sea Star.