"This tract was one of the most sought after sites on theTreasure Coast. Additionally, this was the only site in the marketwith infrastructure in place," says IDI vice president and regionaldevelopment officer Scott Helms, who is in the company's FortLauderdale office. Ron Kent, of Coldwell Banker Commercial NRT,represented IDI.


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


IDI vice president of leasing in the Fort Lauderdale officeLarry Dinner tells GlobeSt.com that the first building will be aspeculative 150,000-sf building. The size and number of the otherbuildings has not yet been determined. "We think this will be aphenomenal site for build-to-suit projects," he says.


The site provides direct visibility and access to Interstate 95and the Florida Turnpike, as well as four-lane roads accessing eachside of the park. The park is located in St. Lucie County, which isthe third-fastest growing county in Florida and is emerging as adistribution hub due to its business-friendly environment and lowercost of living than Palm Beach, Broward and Dade counties. Fromthis location, approximately 70% of the population of Florida canbe reached by truck in less than two hours. "This will serve bothSouth and Central Florida. It's a continuation of the projects wehave in Florida," Dinner says.

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