search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aGrupo Frali buys Edgewater dev site to complete full block assemblageGrupo Frali buys Edgewater dev site to complete full block assemblage“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
South Florida

Entitled land on 1-95 in Port St. Lucie listed for sale

Aerial view of Tradition Commerce Park in Port St. Lucie
Aerial view of Tradition Commerce Park in Port St. Lucie

Cushman & Wakefield and CBRE are the exclusive listing agents  for 900 acres in Port St. Lucie, the largest land assemblage fronting Interstate 95 on the Eastern Seaboard, according to the brokerage firms.

The 900-acre property, called Tradition Commerce Park, a master-planned development entitled for almost 7.8 million square feet of commercial space and 2,200 residential units.

Sign Up for the undefined Newsletter

Cushman & Wakefield’s executive director Scott O’Donnell and senior associate Greg Miller, along with Robert Smith and Mike Millard  of CBRE, are representing the property owner, Tradition Land Company. The brokerage firms did not announce an asking price.

“This is an extremely rare opportunity to acquire a critical mass of land at the gateway to South Florida,” O’Donnell said in a press release. “There are no other comparable land offerings in the region that can accommodate commercial and residential development at this scale.”

Tradition Commerce Park could benefit from the growing population of Port St. Lucie. More than 3.3 million square feet of retail have been developed in Port St. Lucie over the past 10 years, according to Cushman & Wakefield.

Tags
CBRECushman & WakefieldPort St. Lucie