North American Properties Leads Development of New High-tech Aerospace & Defense Campus In Titusville, Florida | CPT PPP Coverage

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North American Properties (NAP) has announced that it will be serving as the development partner for Draper’s new, six acre high-tech aerospace and defense campus in Titusville, Florida. In this role, NAP will lead the development, permitting and construction for the state-of-the-art facility, which will house an advanced centrifuge as well as engineering and testing services for the Strategic Enhanced Ground Test Facility. Draper’s recently acquired six-acre parcel is located adjacent to NAP’s high-tech development area within Riverfront Center.

“We are excited to serve as Draper’s full-service development partner. This project demonstrates North American Properties’ ability to develop and deliver complex, state of the art facilities,” said Shawn McIntyre, Managing Partner at North American Properties The Draper project is the first in an expected series of high-tech developments for NAP as part of their Riverfront Center and Spaceport Commerce Park initiatives. Riverfront Center is the closest privately held property to the Kennedy Space Center, and Spaceport Commerce Park is recognized as a prime location for companies supporting the aviation and aerospace industries. Both locations are ideally suited for technology companies seeking to access the infrastructure, resources and high-tech workforce in Brevard County.

“Riverfront Center and Spaceport Commerce Park are key locations that are poised to provide solutions for the growth and innovation needs of the aerospace and defense industries on the Space Coast. We are proud to support these critical missions and the missions of their customers now and in the future,” stated Kat Butler, Senior Vice President, North American Properties.

“Congratulations to North American Properties on welcoming Draper to Riverfront Center in Titusville,” said Lynda L. Weatherman, President and CEO of the Economic Development Commission of Florida’s Space Coast. “Draper’s decision to continue its national expansion in Brevard County demonstrates that NAP’s forward-thinking approach to developing and

managing a diverse array of investments in our region will serve as significant economic drivers, providing the Space Coast a broader economic advantage as companies look to locate and expand here.”

Headquartered in Cincinnati, with offices in Atlanta, Dallas, Fort Myers, and the Space Coast of Florida, North American Properties has developed 22 million square feet of commercial space and 22,000 residential units in 15 states and 67 cities. The company has developed 58 projects across the state of Florida and has experience working with over 40+ Florida jurisdictions over the last 25 years.

About North American Properties

Founded in 1954, North American Properties (NAP) is a privately held, multi-regional real estate company that develops, manages, and invests in real estate. The company’s projects include multifamily and student housing, mixed-use spaces, retail and grocery-anchored shopping centers, hotels, offices, industrial, and condominium developments across the United States. For more information visit naproperties.com.