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Port Everglades Sees Investment

[ April 13, 2023   //   ]

Business opportunities at Port Everglades are expanding with the construction of two warehouses that will offer distribution and logistical services.

Seagis Property Group reported that it’s 75% complete with its 199,624-square-foot speculative development at 1700 Eller Drive in Hollywood, Florida. It expects construction to be complete in September. The building sits just outside Port Everglades’ security entrance allowing for prompt entry to the seaport’s cargo terminals, Port Everglades International Logistics Center (PEILC) and Florida East Coast Railway’s near-dock facility.

The other new build is by Bridge Industrial, which anticipates completing its 170,892-square-foot logistics facility in the second quarter of 2024. The building is less than a mile from Port Everglades at 2200 NE 7th Ave. in Dania Beach, Florida. It’s the former site of Park ‘N Fly.

“The creation of warehouses immediately adjacent to Port Everglades is an indication of our seaport’s strength and standing in the marketplace,” said CEO and Port Director Jonathan Daniels. “The private sector understands the advantages of partnering with our Port. In addition to being conveniently located near major modes of transportation, we are responsible for more than $28.6 billion worth of trade in 2022. That is attractive to businesses.”

These new privately owned warehouses will complement the PEILC, a public-private partnership with CenterPoint Properties that was built in 2020 on 16.657 acres of Port-owned property. The entire PEILC is activated as Foreign Trade-Zone No. 25 allowing for the efficient distribution of goods at lower duty and tariff costs.

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