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Groundbreaking Held for Pier Park® North Shopping Center


The St. Joe Company (NYSE: JOE), CASTO and Strategic Retail Advisors (SRA) hosted a groundbreaking ceremony late last week 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.

Bed Bath & Beyond ® , Rooms to Go, Shoe Carnival ® , Men’s Wearhouse ® Mattress Firm ® and Lee Nails & Spa join fellow national retailers Dick’s Sporting Goods, Michaels, Pier 1 Imports ® and Kirkland’s ® that committed last fall to leasing space at the Pier Park ® North shopping center.

“The Pier Park North project is more proof that Florida’s economy is headed in the right direction,” said Governor Rick Scott. “I would like to thank everyone involved for their work on making this job-creating project a reality and for creating opportunities for Florida families.”

“We’re pleased with the commitments from national retailers that we’ve received,” said Park Brady, CEO of The St Joe Company. “Having so many well-known retailers at Pier Park North indicates the tremendous growth opportunities for this region.”

“The response from the retail community regarding the Panama City market has been very heartening,” stated Brett Hutchens, Partner at CASTO. “These national retailers are making long-term commitments to the area, which demonstrates confidence in the direction of the overall region. Casto is thrilled to be a part of this project.”

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