Pasco County, Florida, January 31, 2026
St. John Properties has announced its first Florida venture with the acquisition of a 93-acre site in Pasco County to create Mitchell Business Park. This mixed-use development will consist of 23 buildings and is expected to support nearly 2,000 jobs. The project aims to enhance the local economy through the establishment of professional services, light manufacturing, and retail spaces, highlighting the region’s appeal for business growth.
St. John Properties Expands to Florida with 93-Acre Mixed-Use Development
Tampa, Florida – St. John Properties, Inc., a Baltimore-based commercial real estate development firm, has acquired a 93-acre site in Pasco County, Florida, to develop a 23-building mixed-use business community. This project marks the company’s first venture into Florida and is expected to support nearly 2,000 jobs upon completion.
Project Details
The development, named Mitchell Business Park, will encompass approximately 570,000 square feet of single-story flex/R&D and retail space. The project is strategically located adjacent to Florida State Road 54, offering easy access to major transportation corridors. The first phase includes two flex/R&D buildings totaling over 86,000 square feet and two retail buildings spanning 18,000 square feet, with construction set to begin immediately. The initial phase is expected to be completed by the end of this year, with subsequent phases planned for delivery in early 2027.
Community Impact
Pasco County officials have expressed support for the project, highlighting its potential to create local employment opportunities and stimulate economic growth. The development is designed to attract a diverse range of businesses, including professional services, light manufacturing, and retail, contributing to the county’s economic diversification.
Company Background
Founded in 1971, St. John Properties has developed more than 25 million square feet of commercial real estate across 13 states. The company’s portfolio includes flex/R&D, office, retail, and warehouse spaces, serving over 2,700 clients nationwide. The expansion into Florida aligns with the company’s strategic growth objectives and commitment to providing modern business environments in rapidly growing regions.
Market Context
The Tampa Bay area has experienced significant economic growth in recent years, attracting numerous businesses and residents. The region’s strategic location, skilled workforce, and favorable business climate make it an attractive destination for commercial real estate development. St. John Properties’ entry into the Florida market reflects the company’s confidence in the area’s economic prospects and its dedication to contributing to the local community’s development.
Related Developments
St. John Properties’ expansion into Florida follows a series of significant real estate developments in the state. For instance, in October 2025, West Shore, a real estate investment firm, expanded its Florida presence by acquiring the Palm Beach Gardens Apartments, adding 542 units to its portfolio. Similarly, in August 2025, Marcus & Millichap listed Page Plaza, a 95,356-square-foot multi-tenant retail center in Fort Myers, for sale, indicating continued investor interest in Florida’s commercial real estate market.
Conclusion
St. John Properties’ acquisition and planned development of Mitchell Business Park in Pasco County signify a substantial investment in Florida’s growing economy. The project is poised to provide modern business facilities, create employment opportunities, and contribute to the region’s economic diversification, reinforcing the area’s appeal as a prime location for commercial real estate development.
FAQ
What is Mitchell Business Park?
Mitchell Business Park is a 93-acre mixed-use business community being developed by St. John Properties in Pasco County, Florida. The project will include 23 buildings totaling approximately 570,000 square feet of flex/R&D and retail space, aiming to support nearly 2,000 jobs upon completion.
When is the project expected to be completed?
The first phase of Mitchell Business Park, featuring two flex/R&D buildings and two retail buildings, is expected to be completed by the end of this year. Subsequent phases are planned for delivery in early 2027.
How will the development impact the local community?
The development is expected to create nearly 2,000 jobs and stimulate economic growth in Pasco County. It aims to attract a diverse range of businesses, including professional services, light manufacturing, and retail, contributing to the county’s economic diversification.
What is the background of St. John Properties?
Founded in 1971, St. John Properties is a Baltimore-based commercial real estate development firm with a portfolio of over 25 million square feet of commercial real estate across 13 states. The company’s developments include flex/R&D, office, retail, and warehouse spaces, serving over 2,700 clients nationwide.
What is the significance of this development in the Florida market?
St. John Properties’ expansion into Florida reflects the company’s confidence in the state’s growing economy and its commitment to providing modern business environments in rapidly developing regions. The project is expected to enhance the Tampa Bay area’s appeal as a prime location for commercial real estate development.
Key Features of Mitchell Business Park
| Feature | Description |
|---|---|
| Location | Pasco County, Florida, adjacent to Florida State Road 54 |
| Size | 93 acres |
| Development Plan | 23 buildings totaling approximately 570,000 square feet of flex/R&D and retail space |
| Job Creation | Expected to support nearly 2,000 jobs upon completion |
| Phase I Completion | End of this year |
| Phase II Completion | Early 2027 |
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