This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The St. Joe Company Hosts Groundbreaking For New ITT Exelis Building At VentureCrossings Enterprise Centre

The St. Joe Company (NYSE: JOE) today hosted the groundbreaking ceremony for the ITT Exelis (NYSE: XLS) 105,000 square foot building at VentureCrossings Enterprise Centre. Governor Rick Scott and other elected officials spoke at the event, emphasizing the significance of this groundbreaking and their shared commitment to economic development in Northwest Florida.

“Florida’s strong military and defense industry, along with the steps we are taking to make Florida the best place for businesses to grow and expand, will provide companies like St. Joe and ITT Exelis every opportunity to succeed and prosper,” said Governor Rick Scott. “Today’s celebration represents the economic benefits possible when the public and private sectors work cooperatively to implement a shared plan.”

ITT Exelis, the first corporate tenant at VentureCrossings, will lease the facility, which will be occupied by both office and manufacturing operations. The new facility and location will allow the company to meet current and emerging requirements of its military, government and commercial customers.

“This new facility consolidates three locations into one and significantly improves our operation’s efficiency,” said Chris Carlson, Director of Business Development at Exelis Electronic Systems. “Since our systems are large, this new building will allow us to efficiently work on multiple systems under one roof to meet our customers’ growing needs.”

ITT Exelis anticipates moving into the new building in mid-2012, relocating employees from its current facility as well as adding new jobs.

Patrick Bienvenue, St. Joe’s Executive Vice President, said, “St. Joe is excited to reach this milestone and celebrate quality job retention and expansion here in Bay County. While we will continue to work hard to ensure that this is the first of many such celebrations in VentureCrossings, we take this opportunity to congratulate ITT Exelis on their success and thank them for choosing St. Joe to assist them with this growth.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs