Developer Of 100-Acre Industrial Park Awards Multi-Million Dollar Site Development Contract

Jul 09, 2015 1 Comment by

Skyfarm Strategic Capital LLC (“SkyFarm”), a Miami-based diversified development and acquisition company, announced that it has awarded PRP Construction a multi-million dollar contract for the site development of Florida Commerce Park, a 100-acre industrial park in Martin County.

PRP Construction is a South Florida minority women-owned business involved in road building, excavation and site-work.

Florida Commerce Park, located in Indiantown, is one of the largest industrial developments ever undertaken in Martin County. The park is fast-tracked with “permit-ready parcels” so businesses can begin vertical development immediately following initial infrastructure work. PRP Construction will begin site development immediately, working alongside Mancil’s Complete Sitework, a premier regional earthwork contracting firm. PRP and Mancil’s expertise, together with the permit-ready sites, will enable Florida Commerce Park to have completed buildings by year-end. That timing is prior to the opening of the widened Panama Canal (1st quarter 2016), which is expected to further thrust South Florida into prominence as an international transport hub.

 

“PRP Construction and Mancil’s are well qualified to deliver on our aggressive site-timelines, which will help enable businesses to be up and operating at Florida Commerce Park in less than a year,” said Jeremy Shapiro, Director of Corporate Real Estate Development for Skyfarm Strategic Capital. “Industries locating at our park will be extremely well situated to immediately capitalize on regional and international trade growth.” Shapiro noted a lack in South Florida of large tracts of developable land for industrial use, which coincides with significant absorption of industrial space that does exist.

Florida Commerce Park, which will encompass up to 1.3 million square feet of industrial space, is situated at a crossroads of commerce in South Florida. The industrial park is located in a secure, inland location, adjacent to CSX’s main rail line and critical intermodal roadway systems, and the park is within close driving distance to ports in Palm Beach, Fort Lauderdale and Miami. The park’s expedited development timeline comes at an opportune time for trade and industry as the soon-to-be complete Panama Canal expansion will double its capacity and have significant trade implications for Florida. Furthermore, the park is situated in a strong path of regional growth, providing easy access for companies operating within Florida. The park also features exceptional broadband capacity and uninterrupted and redundant clean energy sources.

 

“Florida Commerce Park has tremendous potential in terms of regional and international trade and will draw considerable employment to the area. We’re excited to provide top-of-the line services in concert with park ownership’s quality expectations,” said Peggy Sheltra, President of PRP Construction. “Indiantown is like a diamond in the rough that has not been fully developed, and this industrial park is the right asset that will bring the area to polished prominence.”

PRP Construction, headquartered in Indiantown, is a minority women-owned firm involved in site development and road construction. The firm’s services include providing drainage, underground utilities and storm water solutions, which are critical in a low-lying state like Florida, in addition to building roads, retention ponds and installing pipes, junction boxes, inlets and curbs. The firm was founded in 2011 by Peggy Sheltra.

Previous high profile projects of PRP’s include a U.S. Army Corps of Engineers assignment to construct box culverts (concrete structures that direct water traffic) for the C-44 Everglades Restoration Project in western Martin County. The restoration project is aimed at capturing Lake Okeechobee basin runoff — along 12,000-plus acres — and improving the salinity of that water before it flows into the St. Lucie estuary system and impacts 4,000 plant and animal species. PRP completed its part of the project in 2013. The firm also was responsible for development of the highly trafficked Florida Turnpike ramps at the interchanges of both PGA Boulevard and Indiantown Road, two of Palm Beach County’s busiest interchanges.

 

As for a women’s business operating in the male-dominated industry of road and site development, added Ms. Sheltra, “Either you’re all in, or not at all, and at PRP Construction we’re all in. There were challenges I had to overcome as a women leading a company in this industry, but I realized that I could do it.”

Florida Commerce Park is located off State Road 710 in Indiantown. Amenities bounding the 100-acre park include a hotel, restaurants and retail and medical facilities. Indiantown boasts a robust labor pool and has been honored nationally as a Smart Rural Community with high-tech readiness and a secure, redundant ITS Telecom underground fiber network. The park is also adjacent to FPL’s power plant, which includes the largest solar-thermal power plant in the eastern U.S.

 

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Industrial / Flex, Industry News, NA, Palm Beach County Industrial / Flex

One Response to “Developer Of 100-Acre Industrial Park Awards Multi-Million Dollar Site Development Contract”

  1. Name says:

    Congrats, Daniel P. Cook @Cook Commercial Realty

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