Kingston Properties Limited (KPREIT), owner of the commercial complex at 591 Spanish Town Road in Kingston, is now assessing the extent of damage after a fire broke out at one of the buildings on site Monday afternoon.

The incident, which occurred around 2:00 pm, involved a gas truck belonging to Future Energy Source Company (Fesco) Limited that ignited along the corridor, sending flames into the Agri World Farm Store, which operates from the compound. More than six fire units responded to the blaze, which was eventually brought under control using a specialised foam agent to suppress the flames.

“One of the buildings at the location was affected. Assessments are currently being done,” KPREIT CEO Kevin Richards told the Jamaica Observer.

The Agri World building, which deals in irrigation systems, feed, and agricultural chemicals, was the primary area impacted. No injuries were reported.

Efforts to get a comment from Agri World were unsuccessful up to press time.

Also located at the 8,118-square-foot property is the former facility of McIntosh Bedding Company Limited, the long-standing local manufacturer and distributor of Sealy Posturepedic mattresses.

McIntosh Bedding shuttered operations in December 2024, ending a six-decade run. The property was subsequently listed for public auction, with realtor KB Real Estate managing a liquidation sale on May 24, 2025. Items included mattresses, industrial sewing machines, bed bases, desks, and other equipment.

A representative of the real estate company confirmed that its section of the building was unaffected.

“Ninety-nine point nine per cent of the contents have been sold and we are just working with the firefighters…However, our section was not damaged — it’s just the guard house and the agricultural section,” the rep said.

In the months since, Kingston Properties has listed the space — comprising 30,000 square feet of warehouse and office space — for rent at a rate of US$26,250 per month. At the close of KPREIT’s 2024 financial year, the entire property carried a valuation of just-under US$3.4 million.

The fire comes at a transitional moment for KPREIT, which has signalled that it is reallocating capital across its portfolio to unlock value. The company has been actively routing assets based on opportunity, including plans to redevelop underutilised properties and explore new income-generating models. In its first-quarter results, the company disclosed that one of its Jamaican properties was recently reclassified as an asset held for sale, carrying a value of just over US$3.5 million. However, it did not name the property.

Inquiries sent to KPREIT regarding any ongoing discussions about recovering losses were not directly answered.