JLL Closes Sale Of Fully Leased Fort Pierce Industrial Property

JLL Capital Markets announced the sale of Interstate Commerce Center, a 211,547-square-foot industrial facility in Fort Pierce.

JLL represented the seller, JBL Asset Management, and their partner Avenue Property Group, in the transaction, while Invesco Real Estate acquired the property.

The Class A warehouse complex sits on 12.71 acres at 3800 Crossroads Parkway and features exceptional highway connectivity, positioned less than one mile from both Florida’s Turnpike and Interstate 95. The property provides 1,300 feet of direct I-95 frontage with exposure to more than 76,000 vehicles daily.

The building maintains 100 percent occupancy with a diversified tenant roster, including Town & Country, Artisan Design Group, Cameron Ashley Building Products, Next Plumbing Supply and Rainforest Distribution.

Interstate Commerce Center’s strategic location provides access to 8.8 million consumers within a two-hour drive, including 37 percent of Florida’s population. The property sits at one of only three intersections statewide where I-95 and Florida’s Turnpike converge, enabling efficient distribution patterns throughout South and Central Florida.

The JLL Capital Markets team was led by Senior Managing Director Luis Castillo, Managing Director Cody Brais, Associate Taylor Osborne and Analyst David Orta Jr.

“The strength of the Fort Pierce market exemplifies what we are witnessing across Florida,” Castillo said. “With leasing activity substantially outperforming national trends and healthy rent growth trajectories, investors recognize the compelling fundamentals driving demand throughout the state.”