Industrial Project Slated for 606-Acre Martin County Parcel

Tampa Farm Services has sold a 606-acre parcel to Silver Fox 606 LLC. The group paid $17.5 for the parcel, most likely a site for an industrial project. The LLC’s address can be linked to Ferreira Construction in Juno Beach. The land is in Indiantown, Martin County.

Tampa Farm Services was represented by Avison Young’s Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Trevor Roberts and Philip Shapiro.

“Conditions for industrial development in Martin County and the greater South Florida market remain strong and this transaction attests to developer demand for new buildable sites to capitalize on the region’s continued growth,” said Roberts.

Fay added, “With industrial vacancy leveling out in the past two years, annual rent growth averaging in excess of 3% and developable sites in major markets growing increasingly scarce, demand for large industrial development sites continues to persist across the state.”