Hernandez Construction Breaks Ground on 235,000-SF of Space at Flagler Station III

Hernandez Construction, an affiliate of full-service commercial real estate firm, Stiles, has broken ground on the first two buildings slated for Flagler Global Logistics' highly anticipated Flagler Station Phase III development. Buildings 1 and 2, totaling 235,000 square feet of industrial space, mark the official start of vertical construction on the 1.7 million square-foot Phase III expansion of Flagler Station, South Florida's largest business park.

Phase III is the final phase of development by Flagler Global Logistics for the notable industrial business park. With five buildings planned this year, Hernandez Construction is responsible for more than 450,000 square feet of Class-A warehouse and distribution space at the site. Buildings 1 and 2 are on fast-track delivery for this summer, with the company planning to break ground on Buildings 3, 4 and 5 within the next few months.

Hernandez Construction is also nearing completion of five buildings comprising 820,000 square feet at Flagler Station Phase II, which were all started in 2014.

"Flagler Station is one of the most impressive developments in Miami, and we are very proud to be a part of this landmark project," said Alex Hernandez, president of Hernandez Construction. "Our experience in building state-of-the-art industrial spaces that are both efficient and functional made us a perfect fit for this project. We look forward to continuing our strong relationship with Flagler Global Logistics while growing our presence in South Florida."

Located just off of the Florida Turnpike and NW 106th Street, Flagler Station is being developed by Flagler Global Logistics, a worldwide logistics company providing a full suite of integrated supply chain management services and real estate solutions. At full build-out, Flagler Station will comprise nearly 14 million square feet of industrial and warehouse space. Currently, the complex boasts a prestigious tenant roster of Florida's leading companies including Ryder System, Brightstar, State Farm, Progressive Insurance, and Tracfone Wireless, among others.

"With Phase II almost at capacity and demand for quality industrial space reaching its highest level in years, the timing was right to bring Phase III to fruition," said Chris Scott, president and CEO of Flagler Global Logistics. "Hernandez Construction shares Flagler Global Logistics' vision to deliver premier facilities that support businesses in the industrial sector. Our collective reputation for developing highly sophisticated projects will bolster Flagler Station's appeal and standing as a world-class industrial complex."Hernandez Construction specializes in the construction of build-to-suit projects serving the commercial and industrial sector. The company was also recently awarded contracts for extensive build-outs by some of the major tenants at Flagler Station, including Vanguard Logistics Services (USA) Inc., one of the world's leading neutral providers of freight transportation services, and Krystal Logistics, a worldwide logistics solutions provider.

About Hernandez Construction

Established in 2002, Hernandez Group consisting of Hernandez Construction and Hernandez Development Services provides a full range of commercial construction management and development services. With millions of square feet in its construction management portfolio, the company has a track record of success in bringing innovative solutions to create projects that yield long-term value for its clients while enhancing the communities in which they serve. The company's headquarters is located in the heart of downtown Fort Lauderdale at 440 North Andrews Avenue. For more information, please visit www.hernandez-group.com or call 954-712-1011.

About Flagler Global Logistics

Flagler Global Logistics is a worldwide logistics company that provides a full suite of integrated supply chain management services, including consolidation and deconsolidation, multimodal transportation, warehouse management, Foreign Trade Zone, and dry and refrigerated cargo services, as well as flexible real estate solutions. The Company's perishables services are affiliated with PrimusGFS (Global Food Safety initiative scheme) and hold certifications with the FDA and USDA. Flagler Global Logistics has exclusive connectivity to South Florida's busiest ports and airport, which provides clients a competitive advantage when importing and exporting goods. The Company owns strategic assets throughout Florida, including more than 1.5 million square feet of warehouse space and 2,000 gross acres of well-located land suitable for 23 million square feet of industrial development. Headquartered in Coral Gables, Fla., Flagler Global Logistics is a wholly owned subsidiary of Florida East Coast Industries, LLC. For more information, visit www.flaglergl.com.

About Stiles

Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 40 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit https://www.stiles.com or call 954-627-9300.