Expansion and Relocation

Torrey PinesIn September 2006, Torrey Pines Institute for Molecular Studies announced an expansion commitment to St. Lucie County.  This commitment has spearheaded the development of St. Lucie County's Life Science Cluster.  As a result, additional life science companies have shown tremendous interest in St. Lucie County.  In 2007, Mann Research Center closed on a 22-acre parcel where it intends to build up to six buildings, which would include approximately 300,000 square feet of research and development facilities.  On January 8, 2008 the Economic Development Council of St. Lucie County announced that the Oregon Health & Science University would be establishing a local presence with the Vaccine and Gene Therapy Insitute (VGTI).  The recent success of recruiting the Vaccine and Gene Therapy Insitute, Mann Research Center and the headquarters for Torrey Pines Institute, has aided in making St. Lucie County the epicenter of the developing life science cluster in the State of Florida.  With Scripps Florida to the south in Palm Beach County and Burnham Institute to the northwest in Orange County, St. Lucie County will be the hub for life science companies. 

St. Lucie County Industry Data

St. Lucie County is also ideally situated for distribution and logistics fields, reaching 82% of the state's population within 150 miles.  The recent growth in St. Lucie County, has led to many opportunities for local businesses to expand and for new businesses to enter the market.  There have been a total of 363 new businesses that entered the St. Lucie County market from 2005 to 2006.  Listed below are the figures that correspond to the marked expansion in local industries between 2001 and 2005, when:

  • Wholesale trade increased by 47% (including a 15% gain in 2005 alone);
  • The finance and insurance industry increased by 53%; 
  • Professional and technical services increased by 38% (including a 14% gain in 2005 alone); and
  • The county's information industry also increased by 27% in 2005, and data has also indicated a rise in the distribution, logistics and research industries.

St Lucie County Industrial Parks

Industrial Park Name Acreage  FTZ 
Airport Industrial Park 153 Acres FTZ
Kings Highway Industrial Park 100 Acres FTZ
Crossroads Park of Commerce 200 Acres FTZ
Fort Pierce Business Park 20 Acres  
Reserve Commerce Center 110 Acres  
St. Lucie West Commerce Park 465 Acres FTZ
Midway Industrial Park 325 Acres  
LTC Ranch Commerce Park 247 Acres  
First Source Commerce Park 17 Acres  
Regions Center 30 Acres  
Kings Center Commerce Park 28 Acres  
Kings Commons 34 Acres  
Airport West Commerce Park 150 Acres  

Click here to view a map of St. Lucie County's Industrial Parks.

Map of St. Lucie County's Industrial Parks

 

 

 

 

 

 

 

 

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