Bill Dehlinger, an associate broker at Redevelopment Management Associates, won “Deal of the Year” from the Central Florida Commercial Association of Realtors for his work in helping bring Amazon to Deltona.
“It was a deal that had to get done quickly. There were a lot of moving components,” Dehlinger said at the Hallmark Awards ceremony Wednesday.
It was contingent on Amazon having a move-in date by 2020, he said. The firm signed an LOI in April and closed near the end of December.
The property is located south of North Normandy Boulevard and Graves Avenue, and features visibility on Interstate 4. It sits within the planned 240-acre Deltona’s Portland Industrial Park.
Dehlinger and his team at RMA worked with the owners, a wealthy family behind the Australian-based investment firm Portland House Group; Seefried Industrial Properties, the developer for Amazon; and the City of Deltona to finalize the deal.
Amazon is currently building a 1.4 million-square-foot facility at the park. The deal consisted of 102 acres and sold for about $12.3 million.
City commissioners approved a five-year incentive package for Amazon worth about $2.5 million. Amazon promises to bring 500 jobs to the area.
Dehlinger said he is working on the second and third phases of Deltona’s Portland Industrial Park, which will include a second distribution center, similar to Amazon’s, and several smaller commerce buildings with up to 125,000 square feet of space each.
The Central Florida Commercial Association of Realtors also recognized the 2019 top producers in:
Investment Sales: Shelton Granade, Luke Wickham and Justin Basquil - Marcus & Millichap
Retail Sales: James Mitchell - CBRE
Office Sales: Ron Rogg - CBRE
Industrial Sales: David Murphy - CBRE
Land Sales: Dean Saunders - SVN Saunders Ralston Dantzler
John Crossman, who recently retired from his role at Crossman & Company, took home the Lifetime Achievement Award.
Crossman joined the company in 2006 after a serving as a principal at Trammell Crow Company. Since its inception in 1990, Crossman & Company has grown from being a one-office operation in Orlando to establishing several offices across markets in Florida, Georgia and North Carolina.
Today it’s one of the largest retail leasing, management and investment sales firms, with over 28 million square feet of properties in the Southeastern United States.
Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.