St. Joe plans to build third office facility at Beckrich Office Park in Florida

Construction Intelligence Center 25 Apr 2019 NORTH AMERICA BUILDINGS

The St. Joe Company, a real estate development firm, has unveiled plans to build, own and operate a new office build at Beckrich Office Park located in Panama City Beach, Florida.

The latest building will join two of the existing office buildings in the office park owned by the company at the Panama City Beach Parkway and Richard Jackson Boulevard.

The new office building at Beckrich Office Park will be similar in design to the existing buildings located at the office park.

St. Joe’s plans include the construction of a two-storey building with about 33,250ft² of leasable space. Together, the three buildings will offer about 100,000ft² of office space once the third building is completed.

St. Joe commercial development senior vice president Dan Velazquez said: “Today, more than 90% of the space at Beckrich Office Park is leased and we continue to field interest from prospective tenants.

“This addition will enable us to meet the rising demand for office space from local, regional and national companies looking to do business in Panama City Beach as the city continues to grow.”

The Breakfast Point residential community located within minutes of Beckrich Office Park, saw 59 new home sales since last year and it is anticipated that the area will be home to a new sports complex later this year.

St. Joe’s CEO Jorge Gonzalez said: “We are excited to be part of the growth and prosperity of Panama City Beach. With the growth in both tourists and full-time residents comes a need for businesses to support that growth.

“The third building at Beckrich Office Park will offer local companies a great place to conduct business whether as a primary location or as a satellite office in this ideal location.”

The new office building is planned to be ready for tenants in mid-2020.

Last month, the company broke ground for a new standalone Starbucks building located in the office park. The Starbucks facility will be opened early next year serving tenants in the Beckrich Office Park and the surrounding area.

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Image: Beckrich Office Park in Panama City Beach, Florida. Photo: Courtesy of The St. Joe Company/Business Wire.

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