The Silverman Group has received approval to begin development on an industrial park in Fort Pierce that will total more than 1,133,000 square feet of large bulk warehouse space, or possibly build-to-suit options for large distribution users as well. The plans are for either one 1.133-million-square-foot building or two separate 550,505-square-foot buildings. Called the Interstate Crossroads Business Center, the 132-acre site is located between I-95 and Florida's Turnpike. 

 The Silverman Group, a privately owned private equity and real estate development company, purchased the site from FLF Holdings. The firm owns and manages over 20,000,000 square feet of office, industrial, retail, and aviation properties as well 4,000 multifamily units throughout the US. It has over 5,000,000 square feet of commercial space and 4,000 multifamily units currently under development in seven states.

The project development team also includes landscape architecture and urban planning firm Schmidt Nichols, engineering, planning and consulting firm Simmons & White, and natural resource management, wetland, and environmental permitting services firm EW Consultants, Inc.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.