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Stonemont Financial Group (SFG) says it has broken ground on a new two-building, 1.3-million-sq. ft. speculative industrial development adjacent to Interstate 95 in Fort Pierce. The project reflects surging real estate demand from e-commerce users and third-party logistics providers in one of the state’s fastest growing areas, the developer says in a Jan. 14 statement.
The South Florida Logistics Center 95 will be a one cross-dock facility totaling 1.1 million sq. ft. with a 40’ clear height, along with a rear-load facility totaling 202,400 sq. ft. with a 32’ clear height.
Work is expected to be completed by year’s end.
“The location of this development provides an immediate competitive advantage for e-commerce providers and other logistics operators who have to meet growing consumer demand for rapid delivery,” said SFG managing principal and CEO Zack Markwell.