A Sanford-based pharmaceutical company is expanding its operations on land owned by the Sanford Airport Authority.
Hill Dermaceuticals Inc. plans to build a 19,167-square-foot warehouse/office building on two acres of airport land located on the east side of Mellonville Avenue, north of the Seminole County Supervisor of Elections office.
Hill Dermaceuticals currently has a ground lease with the airport authority just down the street at 2650 Mellonville Ave., where the company has a 65,625-square-foot facility.
The company pays the airport authority $3,144.24 per month for its 157,212-square-foot ground lease (24 cents per square foot annually) at its current property.
The company's new ground lease for the additional 87,120 square feet will be at 27 cents per square foot annually, or $1,960.20 monthly.
The St. Johns River Water Management District has issued a permit for the construction, though a minor modification request was filed June 2 with the new building site plan.
The project is part of the airport authority's mission to spur economic development in Sanford and Seminole County by leasing airport land for light industrial uses.
Hill Dermaceuticals specializes in manufacturing dermatology products to treat skin diseases, such as scalp psoriasis, atopic dermatitis/eczema and chronic eczematous external otitis. The company also does contract manufacturing for other companies selling similar skin disease products.
Executives with Hill Dermaceuticals did not respond to requests for comment on Tuesday.