Panama City, FL –
PANAMA CITY BEACH, Fla. (WMBB) – This is refreshing news.
The St. Joe Company has announced the sale of 5.8 acres of land at the company’s Cedar Grove Commerce Park in Panama City, Fla., For a new Coca-Cola sales and distribution facility. The Coca-Cola Bottling Company intends to build a facility that includes a distribution center, warehouse, fleet maintenance center and administrative offices, executives at St. Joe wrote in a press release.
The project comes from Coca-Cola UNITED, a Birmingham, Alabama-based company, the second-largest private bottler of Coca-Cola in North America and the third-largest bottler of Coca-Cola products in the United States with more than 60 sites across the Southeast.
“When Panama City became part of the Coca-Cola UNITED family in 2017, we made a commitment to employ, serve, refresh and invest in the Emerald Coast region,” said Bo Taylor, vice president of central region of Coca-Cola UNITED. “In the aftermath of Hurricane Michael, which caused severe damage to our existing facility, we quickly assessed the possibilities to have a positive long-term impact for our associates, our consumers and this community.”
Plans call for the distribution center to measure approximately 24,000 square feet and include 18 loading docks with a workforce of approximately 80 employees.
“We are very pleased to welcome Coca-Cola UNITED to Cedar Grove Commerce Park,” said Dan Velazquez, senior vice president of commercial real estate at St. Joe’s. “This well-located business park has generated a lot of interest over the past few years and we are delighted to see such a large operator coming to this location.”
In 2020, St. Joe completed construction of two light industrial buildings at Cedar Grove Commerce Park, providing nearly 20,000 square feet of rental space. Currently, these buildings are 90% leased.
Coca-Cola UNITED intends to begin construction of the sales and distribution site later this year.
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