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JV Starting Work on 50-Acre Boynton Beach Business Park – Connect CRE

by | Mar 5, 2024 | 0 comments

A partnership has gobbled up enough land to start work on a Boynton Beach industrial facility. Butters Construction & Development and Channing Corp. have completed their assemblage of 47.2 acres in the Agricultural Reserve west of Boynton Beach. The S. Florida Business Journal reports the most recent deal involved the acquisition of 37 acres for $25.75 million. This follows their purchase of a neighboring site of 10.2 acres in January for $4 million.

Sudler Companies and Woodmont Industrial Partners are also partners with Butters Construction and Channing in the buyer group.

The sellers were Valico Nurseries and a number of individual property owners.

The project, called the District, would have 519,000 square feet of office, showroom, warehouse, and small bay industrial space, plus 140,000 square feet of self-storage. There will be seven buildings in total, ranging from 21,000 to 124,000 square feet.

The small bay industrial spaces would start at about 4,000 square feet.

Arcadia Architects designed the project.

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