106K SF In Leases Brings Class A Treasure Coast Warehouse To 100% Occupancy

Colliers announced that two long-term leases totaling 106,147 square feet have been signed at Interstate Commerce Center, a Class A distribution warehouse located at 3800 Crossroads Parkway in Fort Pierce.

Colliers’ Executive Vice President Michael Falk and Associate Corey Walewski represented ownership in the lease transactions, bringing the property to 100% leased in 2024.

Elite International Realty’s Paulo Rey represented Rainforest Distribution in securing a 62,817-square-foot space, and Colliers Vice Chair Jonathan Schuen represented the other undisclosed tenant in leasing 43,330 square feet at the property.

“Achieving a fully-leased property is a testament to its prime location at one of the rare full interchanges where I-95 and the Florida Turnpike intersect, combined with a well-planned business park surrounded by hotels and restaurants. Ownership’s hands-on approach ensured seamless support for our new tenants at every stage,” said Falk. “Additionally, the collaboration between county and city agencies, Fort Pierce Utilities Authority, and the Economic Development Council led by Pete Tesch played a crucial role in this success.”

The newly built Interstate Commerce Center is strategically positioned at the northernmost interchange of Florida’s Turnpike and I-95, offering unparalleled connectivity. The property provides access to 37% of Florida’s population within two hours and 92% within four hours, making it an ideal hub for logistics, distribution, and industrial operations. Designed for efficiency and growth, it also benefits from St. Lucie County’s business-friendly environment, which support business expansion, long-term job creation, and capital investment. With modern infrastructure and seamless highway access, Interstate Commerce Center delivers a prime location for businesses seeking a competitive edge.

Rainforest Distribution was drawn to the property’s prime central location in Florida, which offers seamless access to key transportation routes. As a full-service food and beverage distributor serving over 4,000 retailers across 22 states along the East Coast, the company relies on strategically positioned distribution centers in Florida, Georgia, North Carolina, Virginia, Maryland, New Jersey, and Massachusetts. Its company-owned, direct-store-delivery network ensures efficient logistics, making the property ideal for its operations.

“Achieving full occupancy at Interstate Commerce Center results from a strategic market approach and flawless execution,” said Michael Rem, Managing Partner at JBL Development. “The success was driven by its prime location at a key interchange, exceptional visibility, high-quality design and construction, and a cohesive leasing strategy. Avenue Property Group and JBL Development collaborated to combine targeted outreach, innovative marketing, and a strong partnership with Colliers to attract top-tier tenants that align with our long-term vision for the property.”

JBL Asset Management is a privately owned, fully integrated commercial real estate firm specialized in acquiring, developing, and managing commercial real estate in major markets nationwide. Founded in 2005 by Jacob Khotoveli and headquartered in Hollywood, Florida, the firm has built an extensive portfolio spanning over 5 million square feet. With a strategic focus on high-growth markets, the company continues to deliver value through expert investment, hands-on management, and innovative development solutions.

Avenue Property Group is a boutique real estate investment firm specialized in acquiring and strategically repositioning commercial assets. Founded in 2010 by Daniel Gohari, the company leverages deep industry expertise to execute opportunistic strategies that maximize asset value. With a focus on Florida, New York, and select markets nationwide, Avenue Property Group identifies high-potential investments and applies a hands-on approach to enhance long-term growth and returns.