St. John Properties, Inc. has acquired a 93-acre site located 30 miles north of Tampa, Florida with plans to develop a 23-building mixed-use business community comprised of nearly 570,000 square feet of single-story flex/R&D and retail space.
St. John Properties plans to immediately break ground on Phase I of the Mitchell Business Park. Phase I will feature two flex/R&D buildings totaling over 86,000 square feet, as well as two retail buildings totaling 18,000 square feet. The company is also completing site and infrastructure work for three of the five retail pad sites. Mitchell Business Park is positioned directly adjacent to FL State Road 54 in Pasco County.
St. John Properties plans to deliver the first two of their signature flex/R&D buildings by the end of this year. The asset class consists of a “part office/part warehouse” single-story building separated into suites which can be fully customized based on each tenant’s requirements. Two inline retail buildings are scheduled for delivery in early 2027.
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