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Blackstone’s last-mile logistics company will develop first two phases of LeeVista Center project

Link Logistics, a last-mile logistics real estate company established by one of the world’s largest publicly traded private equity firms, Blackstone, is developing the first two phases of a new master-planned industrial park by the Orlando International Airport.

The development site, bordered by Hoffner Avenue, S. Conway Road and Judge Road/Lee Vista Boulevard, is part of the LeeVista Center business park tied to the family of the late dairy mogul T.G. Lee.

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Lee Vista Business Park LLC, led by Miami real estate investor and developer Brett Chetek, assembled and purchased about 320 acres within the park last year for $75 million with plans for nearly 2.5 million square feet of new industrial development.

Recently submitted construction and planning applications show Link Logistics has assigned Jared Wynn with Kimley-Horn to begin permitting the first phase of Chetek’s master-planned industrial park while simultaneously seeking site plan approvals and additional entitlements from Orlando’s Municipal Planning Board for the second phase.

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Phase I includes building the first pair of warehouses within Chetek’s planned business park.

According to a St. Johns River Water Management District permit application, Link Logistics intends to build side-by-side industrial buildings on 34.8 acres at 5501 Leevista Blvd. that will contain a 150,480-square-foot warehouse and a 156,960-square-foot warehouse.

Directly north of Phase I, on 28.17 acres at 5741 Conway Rd., Link Logistics is seeking to build a 382,862-square-foot industrial building. Additional plans call for a master stormwater management system and associated roadway, parking and utility infrastructure, records show.

C4 Architecture is the listed architect.

A conceptual elevation for the second phase lists Scannell Properties as an additional developer. It’s unclear whether Scannell Properties is a partner in the deal. Neither Chetek, nor representatives with Link Logistics and Scannell Properties were immediately available to comment.

Scannell Properties is a privately owned real estate development and investment company that focuses on build-to-suit and speculative development projects throughout the United States, Canada and Europe.

Link Logistics oversees 80 industrial properties throughout the Orlando metropolitan area, including the newly built 450,000-square-foot Axcess Park at NWC LB McLeod Road and President Barack Obama Pkwy. and the 564,000-square-foot Beltway Commerce Center at 8050 Vista Park Boulevard.

In a fourth-quarter company report, Link Logistics’ president Nicholas L. Pell said the company added more than 900 assets to its portfolio in markets throughout the U.S. last year.

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According to the report, the company executed 92 million square feet of leasing during 2021 and expanded its development pipeline to $7.1 billion representing more than 40 million buildable square feet. Construction projects in 2021 consisted of 5.1 million square feet of new development and redevelopment projects at an estimated cost of $681 million.

In total, Chetek’s 322 acres consist of seven lots ranging in size from roughly 8 acres to about 40 acres. The first two phases of the industrial park consist of three of the total seven warehouse buildings planned. The total development site was once slated to be converted into a golf course development within the LeeVista Center Planned Development.

The PD entitlements include 650,000 square feet of Class A office space, 1.45 million square feet of industrial/office space, over 3,000 apartments, 3,000 hotel rooms, and a hefty amount of commercial and retail space along Semoran Boulevard, some of which have already been constructed.

Nearby, McDonald Development plans to build almost 875,000 square feet of office and industrial space in the business park across from Orlando International Airport.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 491-3357, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


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