Ashley Capital Begins Pre-Leasing At Martin Commerce Park As Phase 1 Moves Into Development
Ashley Capital announced that Martin Commerce Park has secured all final approvals and is officially moving into development, opening the door for businesses to secure space in one of the Treasure Coast’s most strategically located industrial parks. Site work will begin in the fourth quarter of 2026, with 485,000 square feet of Class A industrial space available for tenant occupancy as early as the first quarter 2028.
For brokers and tenants searching for industrial space in Martin and St. Lucie counties, Martin Commerce Park fills a critical gap in the market – delivering modern Class A industrial space in a range of size configurations, flexible unit options, prominent I-95 visibility, and in-demand outdoor storage and trailer parking.
Martin Commerce Park is suited for a broad range of users, including light manufacturing, small local operators, trades and contractors, e-commerce fulfillment, regional distribution, and last-mile logistics for both growing local businesses and national operators.
Phase 1 Overview
- 485,000 square feet available in Phase 1, across seven buildings
- Building sizes range from 32,000 to 117,000 square feet
- Minimum unit sizes starting at 4,000 square feet
- 1.1 million square feet of industrial space across the full 167-acre site, providing tenants room to grow within the same location
- One mile of I-95 frontage at Exit 110, with 87,000+ vehicles passing the site each day
- Access to over 70% of Florida’s population within a three-hour drive
- 100,000+ residents commute outside the Port St. Lucie Metropolitan Statistical Area (MSA)
for work each day, providing a readily accessible workforce - 16% population growth in the Port St. Lucie MSA from 2020-2025, one of Florida’s fastest-growing regions
Building Features
Martin Commerce Park is designed around the priorities that drive business location and leasing decisions:
- Rear-load configuration
- Clear heights ranging from 28 to 32 feet
- Flexible loading options, including grade-level, dock-high, and ramp access —
every dock-high unit features at least one drive-in ramp - ESFR sprinkler system
- Tilt-wall construction with 7-inch concrete interior floor and 8-inch concrete dock area
- R-19 insulated roofing system
- Impact glass, paired with distinctive modern entry features and contemporary industrial interiors
- Designated outdoor storage/parking areas, increasingly rare and in high demand
- 480/277 volt, three-phase electrical service via Florida Power & Light
- Water/Wastewater service through Martin County Utilities
Location Overview
Positioned at the southeast corner of SW Martin Highway (SR 714) and I-95, Martin Commerce Park sits at one of the Treasure Coast’s highest-volume interchanges, with a nearby on-ramp to Florida’s Turnpike adding a second major highway connection. This dual highway access gives tenants efficient reach both north-south along the I-95 corridor and east-west via Martin Highway, which serves as a key connector to Indiantown and Okeechobee that extends the commerce park’s draw beyond the coast and into inland Florida. This connectivity also puts tenants within practical reach of four international airports within two hours, three general aviation airports within 45 minutes and four major seaports. The site is also within approximately a five-and-a-half-hour drive of the Port of Savannah, the fastest-growing port on the East Coast.
The site is minutes from downtown Stuart and Palm City, giving tenants proximity to an established residential and commuter base along I-95 and the US 1 corridor. The Treasure Coast region is experiencing rapid residential and industrial growth, driving continued demand for jobs, services, and commercial space. Located within one of the top five fastest growing metro areas in the nation, the park offers tenants access to a growing workforce and expanding customer base, creating a solid foundation for long-term business growth.
An adjacent 32-acre commercial outparcel, entitled for a gas station, convenience store, hotel, restaurants, and transit-oriented retail, adds further amenities and visibility for the park while reinforcing the corridor as a growing commercial destination.
“After years of planning, coordination and partnership with Martin County, we are excited to have all of our final approvals in place and to officially move Martin Commerce Park into the development phase,” said Jill Marasa, Ashley Capital’s Director of Development for the Treasure Coast. “For brokers and businesses who have been waiting for the right space to become available on the Treasure Coast, that wait is almost over. This is fully approved and ready to build with a legacy developer, positioned exactly where tenants want to be.”
With all approvals in place and construction moving forward, businesses can secure a space now in a market with limited Class A industrial availability, ahead of Phase 1 completion.
Key Facts
Property: Martin Commerce Park
Location: Southeast corner of SW Martin Highway (SR 714) and I-95, Exit 110, Martin County, Florida
Asset Type: Class A industrial
Transaction Type: Development / Pre-Leasing
Developer: Ashley Capital
Size: 485,000 square feet in Phase 1; 1.1 million square feet planned across the full 167-acre site
Phase 1: Seven buildings ranging from 32,000 to 117,000 square feet
Minimum Unit Size: 4,000 square feet
Development Status: Final approvals secured; site work expected to begin Q4 2026
Expected Occupancy: As early as Q1 2028
Other Notable Details: Approximately one mile of I-95 frontage; rear-load buildings; 28- to 32-foot clear heights; dock-high, grade-level and ramp loading; outdoor storage and trailer parking; adjacent 32-acre commercial outparcel.
