Woodmont Completes 253 KSF South Florida Facility

Corporate Logistics Center is available for lease. Photo by Smith Aerial Photos, courtesy of Woodmont Industrial Partners

Woodmont Industrial Partners, together with Butters Construction & Development, has completed Corporate Logistics Center, a 252,848-square-foot, Class A industrial facility in Jupiter, Fla. Cushman & Wakefield is the exclusive leasing broker for the property. This marks the partnership’s fifth completed project.

The owner financed the development with a $25.8 million construction loan, originated by Valley National Bank in October 2022, according to CommercialEdge.

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Corporate Logistics Center is at 15791 Corporate Circle and includes 36-foot clear heights, 60-foot speed bays, two drive-in doors, 48 dock doors, a 3,800-square-foot office component, outdoor storage facilities, 247 vehicle parking spots and 60 trailer parking spots. The asset is within Palm Bach Park of Commerce, a 1,200-acre master-planned campus, which is designed for 6.5 million square feet of future development.

The 17-acre property allows access to major thoroughfares and transport hubs—it is near State Road 710 and 19 miles from Port of Palm Beach, 21 miles from West Palm Beach, Fla. and 23 miles from Palm Beach International Airport.

Bullish on South Florida

Woodmont Industrial Partners has several other ongoing projects in South Florida. As part of its strategic expansion in the region, the company partnered with Butters Construction & Development for three other projects. The partnership started site work for a 2.1 million-square-foot industrial development in Fort, Myers, Fla. The 14-building project will be delivered over the next three years.

In July, the same two companies, together with PCCP, LLC, started construction on the first of an eight-building project within Palm Beach Park of Commerce. The first building will total 303,364 square feet of Class A space and is expected to be delivered in 2024.