Industrial Real Estate Developments

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  • Sun Terra buys Hills of Minneola for $70M+, plans construction this year

    Sun Terra buys Hills of Minneola for $70M+, plans construction this year

    Oviedo-based developer Sun Terra Communities paid $70.8 million last week for the balance of The Hills of Minneola, an approved Planned Unit Development in Lake County that's entitled for nearly 4,000 homes. The property straddles all four corners of the Minneola - Florida Turnpike interchange...

  • Out-of-market investors spend $1.5M combined in Sanford industrial park

    Out-of-market investors spend $1.5M combined in Sanford industrial park

    Two industrial properties in different phases of Sanford’s Monroe CommerCenter sold for a combined $1.5 million recently, according to property records and NAI Realvest brokers who represented the sellers in both transactions. Dania Beach-based investor Edward S. Shevchuk, through his company Shevchuk...

  • South Florida-based TCII buys two flex-industrial bldgs in Winter Park

    South Florida-based TCII buys two flex-industrial bldgs in Winter Park

    Full-service real estate firm TCII Capital Group paid $2.9 million on Friday for two industrial-flex buildings in Winter Park, its second large commercial asset purchase there in the past year. With the purchase, the Miami company gains a foothold in the extremely tight Central Florida industrial...

  • New self-storage player enters Orlando with plans in growing tourism corridor

    New self-storage player enters Orlando with plans in growing tourism corridor

    A new player in Orlando self-storage filed plans Monday for a cutting-edge facility in the tourism corridor, and anticipates closing on the land this month with a retail component to follow. Located along Palm Parkway north of its intersection with Marbella Palms Court, the 2.75-acre parcel lies...

  • Flagship plans self-storage and retail for site in growing Lee Vista submarket

    Flagship plans self-storage and retail for site in growing Lee Vista submarket

    Lake Mary-based developer Flagship Companies Group is staking its claim to another future self-storage site in Greater Orlando, filing plans and bringing land under contract in the Lee Vista submarket.   The 3.59-acre property lies along S. Goldenrod Road in southeast Orlando, behind a Murphy fuel...

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  • HVAC service company buys property for new headquarters in Sanford

    HVAC service company buys property for new headquarters in Sanford

    Tropical Air of Central Florida, a full-service HVAC installation and repair company, is leaving its long-time home in Longwood to expand with a recently purchased property in Sanford.  The residential and commercial service company, which operated out of leased space in Longwood for about five...

  • Westgate Resorts pays $5.5M for Orlando warehouses for new laundry hub plans

    Westgate Resorts pays $5.5M for Orlando warehouses for new laundry hub plans

    Westgate Resorts paid $5.5 million on Thursday to stay ahead of growing demand for industrial real estate, buying a dual-warehouse property for its own storage needs and a planned state-of-the-art laundry facility. Located at 2216 Directors Row in Orlando Central Park, the 4.45-acre property features...

  • Cabot buys value-add warehouse near Florida Mall, targets Orlando market

    Cabot buys value-add warehouse near Florida Mall, targets Orlando market

    An affiliate of Boston-based Cabot Properties paid $11 million on Tuesday for another value-add warehouse property in Greater Orlando, and is listing the market among its Top 20 for industrial investment.  Located at 1264 La Quinta Dr., directly south of the Florida Mall, the 9.3-acre property...

  • Local drywall specialist contractor buys Winter Garden warehouse to expand

    Local drywall specialist contractor buys Winter Garden warehouse to expand

    Winter Garden-based drywall contractor United Wall Systems paid $795,000 in recent weeks to triple its current operating space, betting on the continued growth of Greater Orlando's commercial construction demand.  Located at 401 E. Smith St. in Winter Garden, the 0.7-acre parcel includes a flex-warehouse...

  • Local appliance supplier bets on Orlando growth with second warehouse purchase

    Local appliance supplier bets on Orlando growth with second warehouse purchase

    Local full-service supplier Aggressive Appliances is betting big on Greater Orlando's future population growth, buying a second warehouse last week to expand its showroom and distribution space.  Founded locally in 1980 by president Jerry Jaskot, Aggressive Appliances supplies residential homebuilders,...

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  • Memphis-based investors buy, rebrand construction equipment firm in Orlando

    Memphis-based investors buy, rebrand construction equipment firm in Orlando

    Memphis-based family investment firm Dobbs Management Service paid more than $2.73 million last week to enter the Orlando market, buying the property of a competitor in the construction equipment field as part of a seven-site portfolio deal in Florida.  A Dobbs affiliate bought full-service John...

  • UPS pays $1.55M to expand footprint among competitors west of MCO airport

    UPS pays $1.55M to expand footprint among competitors west of MCO airport

    Atlanta-based United Parcel Service (UPS) paid $1.55 million last week for the last few vacant acres up for play along a road dominated by parcel carriers west of Orlando International Airport.  Located at 1610 E. Landstreet Road, the 6.5-acre property is directly east of a 21,093-square-foot UPS...

  • Flagship Companies eyes site west of Meadow Woods for new self storage

    Flagship Companies eyes site west of Meadow Woods for new self storage

    Local developer Flagship Companies Group has a site west of Orlando's Meadow Woods neighborhood under contract with plans a three-story self storage facility, while the property's seller also tries to pave the way for new apartments nearby. Located on the northeast corner of S. Orange Avenue and...

  • Brazilian developer plans flex warehouse on US 17-92 in Polk

    Brazilian developer plans flex warehouse on US 17-92 in Polk

    A Brazilian developer is planning to build 108,000 square feet of flex office/warehouse space on U.S. 17-92 in Polk County.   Haroldo de Barros purchased the 12-acre acre parcel five years ago under his U.S. affiliate Danpol Development. He wants to develop the business park in two phases, with...

  • Developer preps Dr. Phillips site along W. Sand Lake Road for self storage

    Developer preps Dr. Phillips site along W. Sand Lake Road for self storage

    Orlando-based Structure Development is planning a new CubeSmart self storage facility in Dr. Phillips on land considered the last undeveloped commercial site fronting W. Sand Lake Road in that submarket.  Located at 7212 W. Sand Lake Road, directly east of the 10-story Sand Lake IV office building,...

  • Local fencing supply company plans new Apopka warehouse & expansion

    Local fencing supply company plans new Apopka warehouse & expansion

    A local supplier of fencing installation for commercial development is planning to build a new, larger Orlando-area headquarters in Apopka, driven primarily by major public contracts won in recent years. KMG Fence has offices in Orlando and Tampa, and serves an eight-county region in Central Florida...

  • Local developer plans 30k SF of new warehouse space in Sanford

    Local developer plans 30k SF of new warehouse space in Sanford

    Winter Park-based DeMabry Holdings Inc., a land acquisition and development firm headed by Gino Della Cava, is planning two new warehouse buildings in the Aero Lane Industrial Park in east Sanford. Della Cava, also president of local general contractor ACS Construction, told GrowthSpotter on Wednesday...

  • Seefried clears first hurdle for new 1.5M SF warehouse on U.S. 27 in Polk

    Seefried clears first hurdle for new 1.5M SF warehouse on U.S. 27 in Polk

    Polk County Commissioners voted 3-2 late Tuesday in support of a plan by Seefried Industrial Properties to add 1.5 million square feet of distribution warehouse space on a U.S. 27 site currently slated to be a regional shopping center.  This was the first of two public hearings and votes by the...

  • Leading produce distributor to double footprint of Orlando warehouse

    Leading produce distributor to double footprint of Orlando warehouse

    North America's largest wholly-owned produce distributor is planning to double the size of its Orlando warehouse, hot in pursuit of the growth of local grocery, restaurant and hospitality sectors. Located at 8801 Exchange Dr. in the Orlando Central Park industrial park and southwest of The Florida...

  • New self storage developer & hotel plans lined up for Ravaudage in Winter Park

    New self storage developer & hotel plans lined up for Ravaudage in Winter Park

    Dan Bellows' Benjamin Partners Ltd. has sold its self storage development pad in the 73-acre Ravaudage property in Winter Park, and signed a new hotel flag for a mixed-use building in the master-planned community.  Site work is underway on a 1.05-acre parcel in Ravaudage at the northwest corner...

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  • Liberty Property Trust preps plan for new spec industrial in Park at AIPO

    Liberty Property Trust preps plan for new spec industrial in Park at AIPO

    Liberty Property Trust and its local partner on the Liberty Park at AIPO industrial park are preparing another speculative warehouse of 130,000-plus square feet, and will seek a lender and general contractor in the coming months for potential groundbreaking next year.  To be located at 3057 Tradeport...

  • City Furniture to seek Orlando warehouse space in 2018 to support area stores

    City Furniture to seek Orlando warehouse space in 2018 to support area stores

    City Furniture will seek up to 120,000 square feet of warehouse space in the coming year to support its first two stores in the market that are pegged for 2019 openings, the company's president told GrowthSpotter.  The retailer has construction plans under review with the city of Orlando for a...

  • First Industrial Realty Trust pays $8.2M for 4th Orlando warehouse

    First Industrial Realty Trust pays $8.2M for 4th Orlando warehouse

    Chicago-based First Industrial Realty Trust paid $8.235 million on Tuesday for its fourth warehouse property in Orlando, and its second on the same block in the past four months.  Located at 450 Gills Dr. in the Crossroads Business Park, southeast of The Florida Mall and near the W. Landstreet...

  • Amazon explores permit for AmazonFresh grocery service at Orlando warehouse

    Amazon explores permit for AmazonFresh grocery service at Orlando warehouse

    Amazon.com, Inc. is exploring plans to add its AmazonFresh grocery delivery service in Orlando, going so far as to file a permit request and plans in recent months to renovate part of a warehouse it's now leasing, before putting it on hold to evaluate locations and market demand.   Amazon began...

  • Polk Planning Commission overrules staff on new Four Corners industrial park

    Polk Planning Commission overrules staff on new Four Corners industrial park

    Polk County's Planning Commission voted Wednesday to overrule county staff and recommend approving a plan by Seefried Industrial Properties to add 1.5 million square feet of distribution warehouse space on a U.S. 27 site previously slated for a regional shopping center.  The Four Corners Town Center,...

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  • Miami-based artist pays $6M for NNN-leased warehouse near Orlando airport

    Miami-based artist pays $6M for NNN-leased warehouse near Orlando airport

    An affiliate of Miami Beach-based photographer Robert Curran spent $6 million on Monday for his first investment property in Greater Orlando, a NNN-leased warehouse north of Orlando International Airport.  Located at 6333 McCoy Road in the Lee Vista Business Commons industrial park, the 42,300-square-foot...

  • Heavy equipment rental company enters market with $4M land buy near OIA

    Heavy equipment rental company enters market with $4M land buy near OIA

    Ownership behind Miami-based heavy equipment rental company Action Rentals paid a combined $4.05 million last week to enter the Orlando market, buying more than 6.6 acres northwest of Orlando International Airport.  The buyer entity was an investment affiliate of Bruno Ramos, principal in Miami-based ...

  • Atlanta firm prepping industrial park near Kissimmee Gateway Airport

    Atlanta firm prepping industrial park near Kissimmee Gateway Airport

    Atlanta-based Stein Investment Group is seeking a mass grading permit for a new industrial park near the Kissimmee Gateway Airport. The plan calls for a pair of 9-acre industrial lots straddling both sides of the future Hoagland Boulevard extension. Hoagland runs along the western boundary of the...

  • Seefried pays $26.9M for Amazon project land in Lake Nona, site work starts

    Seefried pays $26.9M for Amazon project land in Lake Nona, site work starts

    Atlanta-based developer Seefried Industrial Properties paid $26.9 million on Friday for 130.6 acres south of Orlando International Airport, where site and infrastructure work is underway to build a new Amazon fulfillment center that will be Orlando's tallest and largest warehouse.  Amazon.com,...

  • LIFT Orlando starts commercial land assemblage east of Camping World Stadium

    LIFT Orlando starts commercial land assemblage east of Camping World Stadium

    LIFT Orlando has started building an assemblage of commercial properties in the past week east of Camping World Stadium for future redevelopment. The non-profit organization says plans for the land are undetermined, but multiple sellers were told of a prospective parking garage.  Initial properties...

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