Stonemont delivers 1.3 million sq. feet of industrial space on Florida’s treasure coast

Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, announced today it has completed South Florida Logistics Center 95, a 1.3-million-square-foot industrial complex in Fort Pierce, Florida. At 1.1-million square feet, Building 1 at the complex is the largest speculative building in Southeast Florida, while Building 2 encompasses 245,000 square feet. Both buildings are available for lease.

South Florida Logistics Center 95 is located at the intersection of South Kings Highway and Orange Avenue. Building 1 is a cross-dock facility totaling 1.1 million square feet, with 40’ clear heights. Building 2 is a rear-load facility totaling 245,000 square feet with 32’ clear heights. The site and buildings are developed with functional, best-in-class features tailored for users in the e-commerce and 3PL arenas.

“We’re proud to present this state-of-the-art project to the market, especially during a time when construction starts are at an all-time low,” said Avery Dorr, vice president at Stonemont. “St. Lucie County has strong labor fundamentals and offers direct access to major transportation routes, which made it an easy decision to build in this high-growth market. We are thankful to have a great partner in St. Lucie County EDC and anticipate a swift leasing period for this highly coveted property.”

South Florida Logistics Center 95 sits in immediate proximity to I-95 and Florida’s Turnpike, allowing users easy access to service all of South Florida in addition to Central Florida, the coast and Jacksonville area. Industrial development of this caliber has become difficult to find in Southeast Florida, which has tightened land availability due to a high demand for warehouse and distribution space in the market. St. Lucie County’s population continues to increase, and the market’s economy is projected to maintain a growth rate of 2% between 2024 and 2027, according to Oxford Economics.

Stonemont’s additional project partners include Evans General Contractors as the general contractor, Ware Malcomb as the architect and Engineering Design & Construction, Inc. as the civil engineer. Sky Groden of JLL Fort Lauderdale is handling all leasing on this project.

Stonemont remains bullish on the state of Florida as one of the top industrial markets in the country, and has heavily invested in the state over recent years. The firm currently has over 1.5 million square feet of development under construction in Groveland, Florida; a four-building industrial park totaling 905,000 square feet under construction in Lakeland, Florida; and a 457,000-square-foot-facility under construction in Ocala, Florida.