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Stonemont Launches Construction for Industrial Development in Fort Pierce
Stonemont Financial Group has broken ground on a new two-building, 1.3-million-square-foot speculative industrial development adjacent to Interstate 95 in Fort Pierce, FL. JLL is overseeing leasing for the project.
According to the company, the South Florida Logistics Center 95 reflects surging real estate demand from e-commerce users and third-party logistics providers in one of the state’s fastest growing areas. Stonemont expects the project to lure tenants from nearby Palm Beach and Broward counties due to the area’s competitive rent rates, a cheaper cost of living for workers and a logistics and a transportation network that places users within three hours of 70% of the state’s population.
The Class A development is located at the intersection of South Kings Highway and Orange Avenue and consists of one cross-dock facility totaling 1.1 million square feet with a 40’ clear height, along with a rear-load facility totaling 202,400 square feet with a 32’ clear height.
- ◦Development
