Liberty Property Trust Vice President and City Manager Andy Petry, said the company is planning a 650,000-square-foot industrial project.
The company recently paid $12 million for a 68.9-acre site in Palm Beach County located on the north side of Southern Boulevard just east of South Jog Road.
“We will build the first phase speculatively and continue on as demand drives it,” Petry said. “Class A space is practically non-existent in this area. With its location near the airport, Interstate 95 and the Florida Turnpike, we think there is a lot of demand in the market.”
The company is still finalizing its plans, but it hopes to break ground on the first of six buildings by mid-2015.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.