New York-based Rockefeller Group Development Corp. and Palm Beach Property Investments Ltd., an affiliate of the European-based S&K Group, targeted the property for development because of its proximity to Interstate 95, Florida's Turnpike and a CSX rail line.
This joint venture also would create the second foreign trade zone that Rockefeller Group affiliates operate in South Florida. Rockefeller Group Foreign Trade Zone No. 166 operates a 280-acre business park and free-trade zone in Homestead, FL, near the Homestead-Miami Speedway.
When fully built out, the project will contain about two million sf of industrial, warehouse and distribution space.
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