IDI Forms Strategic Partnership With Florida Crystals
Florida Crystals Corp. and Atlanta-based commercial real estate company Industrial Development International (IDI) have formed a strategic alliance for planning and marketing of a new intermodal railyard in western Palm Beach County.
Scott Helms, senior VP with IDI, said an improving outlook for industrial activity in South Florida, coupled with scarcity and high pricing of industrial-zoned land in Broward and Miami-Dade counties, are increasing the demand for an inland port.
Florida Crystals’ proposed facility is one of three so-called inland ports proposed in Southern Florida. Proponents hope such a facility will handle growing cargo from shipping ports after the Panama Canal expansion. U.S. Sugar Corp. and a group of Central Florida entrepreneurs also proposed locations.
Florida Crystals VP Gaston Cantens said the alliance with IDI will help capitalize on Florida Crystals’ position as one of Palm Beach County’s largest private landowners.
Florida Crystals has proposed building up to 10 million square feet of distribution and warehouse space on 850 acres between Belle Glade and South Bay.
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