According to a deed recorded in Orange County, BlueScope sold Lot 1 within its planned 178-acre Mid-Florida Logistics Park in Apopka. The buyer, GFI Apopka Realty LLC, is tied to Concord, Massachusetts-based TVPX, which specializes in 1031 exchanges and trust services.
A representative at Goya Foods confirmed the company bought a little more than 40 acres located on the southeast corner of Hermit Smith and General Electric Road, where its planned 330,566-square-foot distribution center is currently underway.
According to recent construction plans submitted in Apopka, the property has the capacity to hold a neighboring 324,000-square-foot building immediately to the south.
For now, only one distribution center is being built at the site. A Goya representative said the additional space is for future expansion plans that are not expected to happen for several years.
Representatives BlueScope were not immediately available to comment. JLL’s Matthew Sullivan and Wilson McDowell represented BlueScope in the deal.
A notice of commencement filed in April in Orange County, shows Arco National Construction-KC, Inc. as the contractor. Dave Schmitt Engineering Inc. is the civil engineer for the project and C4 Architecture is the architect.
Founded in 1936, Goya Foods moved through the ranks to eventually own the title of America’s largest Hispanic-owned food company. It’s largest facility is a 643,0000-square-foot warehouse in Jersey City, New Jersey. In Orlando, the food company currently operates out of a 130,000-square-foot warehouse near Orlando International Airport.
Once complete, Mid-Florida Logistics Park will feature 2.4 million square feet of industrial space. The industrial park is minutes away from State Road 429 and the new Wekiva Parkway that is currently under construction to connect to S.R. 46 to the north. That project is slated to be completed by 2020.
Lot 1 is the first of five planned for Mid-Florida Logistics Park. The project will be BlueScope’s second new industrial development in the area. The developer also completed The Park @ 429, a Class A industrial park in Ocoee.
The company is a subsidiary of BlueScope Steel of Melbourne, Australia. It focuses on building Class A industrial properties in markets throughout the United States and Canada.
This story has been updated to include comments from Goya Foods.