The ±900-Acre Tract of Land Fronting Interstate 95 in Port St. Lucie is the Largest Remaining Commercial Assemblage in South Florida
PORT ST. LUCIE, FLORIDA – Cushman & Wakefield announced today that, in partnership with CBRE, it has been named exclusive listing agent for Tradition Commerce Park, the largest entitled land assemblage fronting Interstate 95 on the Eastern Seaboard of the United States.
Executive Director Scott O’Donnell and Senior Associate Greg Miller, along with CBRE’s Robert Smith and Mike Millard, were selected by Tradition Land Company to market the ±900-acre tract in Port St. Lucie. Tradition Commerce Park is located in the master-planned community of Tradition and entitled for nearly 7.8 million square feet of commercial space and 2,200 residential units.
“This is an extremely rare opportunity to acquire a critical mass of land at the gateway to South Florida,” said O’Donnell. “There are no other comparable land offerings in the region that can accommodate commercial and residential development at this scale.”
The property’s location between Becker Road (Exit 114) and Tradition Parkway (Exit 118) offers nearly three miles of uninterrupted frontage and visibility along Interstate 95. The assemblage is located approximately two hours from both Orlando and Miami and is a one-day haul from major distribution hubs such as Atlanta and New Orleans. The tract is immediately accessible via two of Tradition’s three interstate interchanges, features an existing spine road in SW Village Parkway, and has more than $60 million in total master infrastructure in place.
Tradition Commerce Park is well situated to capitalize on the burgeoning growth of Port St. Lucie, which saw its population nearly double from 2000 to 2010. Its location in one of the fastest growing regions in the country is driving development at a rapid pace. More than 3.3 million square feet of retail have been developed in Port St. Lucie over the past 10 years while median home prices have jumped more than 20 percent year-over-year.
“The rapid growth of Port St. Lucie is due, in no small part, to an extremely motivated local government that has created a business-friendly climate of growth,” said Miller. “Local officials are committed to working with developers to attract residents and businesses.”
“Tradition Commerce Park is poised to become the next major commercial hub in South Florida and should appeal to any developer who desires to put their stamp on the future of the region,” said O’Donnell.