For years, economic developers in Palm Beach County pitched the rural Glades region as an up-and-coming area for industrial development. And for years, splashy deals failed to materialize.
That recently changed, when Apopka-based Finfrock, a maker of precast concrete buildings, bought 94 acres on the site of a former state prison in Belle Glade, located just off of State Road 80, the cross-state trucking route, with plans for a 140,000-square-foot manufacturing facility.
As senior vice president for Duke Realty, Stephanie Rodriguez oversees a portfolio of industrial properties in South and Central Florida, a geography with limited space and shrinking new development options.
“We’re all fighting over the same pieces of dirt,” Rodriguez said during a May 12 Bisnow South Florida Industrial Update event. “Industrial is the darling of the real estate market right now.”
New players are moving in to compete with the five or so firms that have controlled the market for decades.