FORT PIERCE, FL-Atlanta-based IDI has acquired 129 acres in the Crossroads Park of Commerce for $17 million with plans to develop nearly 1.3 million sf of class A warehouse and distribution space. The land was acquired from St. Andrews Episcopal Church.

“This tract was one of the most sought after sites on the Treasure Coast. Additionally, this was the only site in the market with infrastructure in place,” says IDI vice president and regional development officer Scott Helms, who is in the company’s Fort Lauderdale office. Ron Kent, of Coldwell Banker Commercial NRT, represented IDI.

IDI plans to start construction in the summer on the first building in the project to be called Crossroads Business Center. The development will have a variety of build-to-suit and inventory space options in buildings that will range from 140,000 sf to more than 400,000 sf.

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