Forman Capital Provides $14.99M Construction Loan For Phase 1 Of Tradition At Commerce Park

The property known as Tradition at Commerce Park is a development site in Port St. Lucie, Florida. It consists of a 73,600-square-foot shallow-bay industrial project that is part of a larger master development totaling 552,000 square feet. The project is located at 12051 Southwest Tom Mackie Boulevard, positioned within a market that is currently experiencing growth driven by population and tenant demand.

This transaction was facilitated by Forman Capital, which provided funding specifically for Phase 1 of the project. The first phase includes two flexible industrial buildings, which are not yet occupied by tenants. The lenders involved are continuing to support industrial projects in rapidly developing logistics markets across Florida.