Company News

Schafer to Start South Hillsborough Business Park

Jul 7, 2007

A Michigan-based company has secured a 120-acre site on the northeast corner of U.S. 41 and Big Bend Road near Apollo Beach for a mixed-use commercial project totaling 1.4 million square feet.

Schafer Development LLC said its new Big Bend 41 Industrial Park will also include 120,000 square feet of office space and 28,000 square feet of retail space, and is strategically located between Interstate 75 and Port Redwing. The Farmington Hills, Mich.-based company announced Tuesday it secured approval for the project last week and expects to start construction in the next six months. Duke Realty Corp. (NYSE: DRE) will handle development and leasing of industrial and distribution buildings, the company said.

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