PANAMA CITY BEACH, Fla. (WMBB) — This is some refreshing news.
The St. Joe Company announced the sale of 5.8 acres of land at the Company’s Cedar Grove Commerce Park in Panama City, Florida for a new Coca-Cola sales and distribution facility. The Coca-Cola Bottling Company intends to construct a facility to include a distribution center, warehouse, fleet maintenance center, and administrative offices, St. Joe leaders wrote in a news release.
The project comes from Coca-Cola UNITED, a Birmingham, Alabama-based company, the second largest privately held Coca-Cola bottler in North America and the third largest bottler of Coca-Cola products in the United States with more than 60 locations throughout the Southeast.
“When Panama City became a part of the Coca-Cola UNITED family in 2017, we made a commitment to employ, serve, refresh and invest in the Emerald Coast area,” said Bo Taylor, Vice President of Coca-Cola UNITED’s Central Region. “Following Hurricane Michael, which caused severe damage to our existing facility, we moved quickly to assess opportunities for making a positive, long-term impact for our associates, our consumers and this community.”
Plans call for the distribution center to be approximately 24,000 square feet and feature 18 loading docks with a workforce of approximately 80 employees.
“We are very excited to welcome Coca-Cola UNITED to Cedar Grove Commerce Park,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “This well-located commerce park has received significant interest over the past few years and we are thrilled to see such a prominent operator come into this location.”
In 2020, St. Joe completed construction on two light industrial buildings in Cedar Grove Commerce Park offering nearly 20,000 square feet of rentable space. Currently, those buildings are 90% leased.
Coca-Cola UNITED intends to begin construction on the sales and distribution facility later this year.