Altman and PCCP Goes Vertical on 200K SF Logistics Development in Delray Beach

In partnership with real estate finance giant PCCP, Altman Logistics Properties has begun vertical construction on a state-of-the-art logistics hub in Delray Beach, Florida. The development, Apex Logistics Park at Delray, will address the rising demand for Class A industrial space in Palm Beach County.

Project Breakdown 

• Phase One: A 200,000-square-foot logistics facility, expected to be completed by Q2 2025.
• Total Buildout: Plans for three industrial buildings spanning a total of 672,000 square feet.
• Leasing Team: Cushman & Wakefield’s Christopher Thomson and Matthew McAllister lead leasing efforts.

Why It Matters: The US 441 corridor is significantly underserved for logistics and warehouse space, making this project a key addition to South Florida’s supply chain infrastructure.

A State-of-the-Art Logistics Hub 

Apex Logistics Park at Delray is designed for modern distribution and e-commerce needs, offering:
✔ 36-foot ceiling heights for vertical storage efficiency.
✔ 45 dock doors for streamlined loading and unloading.
✔ 215 parking spaces, supporting both truck and employee parking.
✔ Direct access & frontage on US 441, ensuring high visibility and connectivity.

Sustainable & Tech-Forward Design 

In line with modern industrial trends, Apex Logistics Park at Delray integrates energy-efficient and eco-friendly features:

• Solar-ready roofing and R-19 roof insulation for better energy performance.
• EV charging stations to support sustainable transportation.
• Advanced LED lighting with smart exterior controls.
• Improved indoor air quality enhancements for worker well-being.

Location Advantage: Tenants will have quick access to major interstates (Florida Turnpike, I-95, I-75, I-595), international airports, and major distribution ports (Port of Palm Beach, Port Everglades, Port Miami).

High Demand for Logistics Space Continues

South Florida’s industrial sector remains one of the strongest in the country, driven by:

• E-commerce growth, requiring faster last-mile delivery options.
• Limited available land, increasing demand for infill logistics projects like Apex Logistics Park.
• Strong population and business growth, fueling warehouse and distribution needs.

Altman’s Expanding Industrial Footprint

This project further solidifies Altman Logistics Properties’ expansion into key East Coast markets. Recent acquisitions include:

• New Jersey: 170,800-SF Apex Logistics at Hamilton & 140,000-SF Apex Logistics at Parsippany.
• Florida: 202,000-SF project in Lakeland & a 182,000-SF facility in Davie.

Bottom Line 

Apex Logistics Park at Delray will fill a critical gap in South Florida’s logistics market, bringing much-needed warehouse and distribution space to Palm Beach County. Investors, tenants, and supply chain operators should monitor this development as it nears completion in 2025.