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Groundbreaking For Pier Park® North Shopping Center Held Today

PANAMA CITY BEACH, Fla. - (January 30, 2013) The St. Joe Company (NYSE: JOE), CASTO and Strategic Retail Advisors (SRA) hosted a groundbreaking ceremony today to begin construction for their joint venture project Pier Park® North, a 360,000-square-foot shopping center located across from Pier Park Lifestyle Center on US-98 east of the State Road 79 intersection. The Pier Park North shopping center anticipates opening in spring of 2014.

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The Pier Park North Shopping Center Receives $46 Million Loan

Panama City Beach, FL - A joint venture of The St. Joe Co., CASTO and Strategic Retail Advisors has received a $46 million construction loan from U.S. Bank to finance The Pier Park North Shopping Center. The 360,000-square-foot center will be located in Panama City Beach across from the Pier Park Lifestyle Center at the intersection of U.S. Highway 98 and State Road 79. Dick's Sporting Goods, Michaels, Pier 1 Imports and Kirkland's committed last fall to anchor the center. Additional tenants will include Bed Bath & Beyond, Mattress Firm, Men's Warehouse, PetSmart, Rooms to Go and Shoe Carnival...

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For leasing information, contact SRA at 561.743.8724