The South Florida Gateway Distribution Center marks a new chapter for Martin County with the project’s innovative design paving the way for future large-scale industrial developments in the region.
Developed by Orlando-based Foundry Commercial, the new warehouse offers tenants 1.2 million square feet of industrial space across four buildings at 2400 SW Gateway Place with frontage along Kanner Highway in Stuart.
To comply with Martin County’s strict zoning regulations, the distribution center features a unique design with advanced structural systems and materials to provide the tall interior ceilings that tenants want while staying within the county’s 40-foot height limits.
Foundry delivered two buildings for the project’s first phase ahead of schedule and secured a 10-year, 185,000-square-foot lease late last year from tenant PSM, a gas turbine parts manufacturer and service provider.
The project has been selected as the winner of the 2025 CoStar Impact Award for commercial development of the year for Port St. Lucie/Fort Pierce, as judged by a team of real estate professionals familiar with the market.
About the project: South Florida Gateway Distribution Center is a 1.2-million-square-foot master-planned development.
What the judges said: "Getting a project of this scope down in Martin County is not an easy feat. Foundry and team were successful in not only developing the building but also getting their first tenant,” said Aaron Michael, a senior economic development project manager at Florida Power & Light.
Melanie Lundy, an operations manager at Rich Properties, added “this development helps open up the west Stuart-Indiantown corridor and will help promote future growth and development, which is needed to revitalize this area."
They made it happen: Matthew McAllister and Eric Cantor of Cushman & Wakefield represented the landlord. Michael Falk of Colliers represented the tenant.