Industrial Real Estate Developments

• Liberty Property Trust building new spec warehouse in Liberty Park at AIPO

  Yet another speculative warehouse is underway at the 1,350-acre Liberty Park at AIPO. Liberty Property Trust and development partner Airport International Park of Orlando (AIPO) are seeking to build a 266,055-square-foot distribution center along Florida Crown Drive, according to an application...

• Beulah Commerce Center in Winter Garden reaches 100% occupancy

  The recently completed Beulah Commerce Center in Winter Garden just signed on four new tenants, bringing the 96,000-square-foot development to 100 percent occupancy. Inking the largest lease was the Sherwin-Williams Company, which will take up a 10,800-square-foot space in the development. The...

• Warehouse leased to affiliate of Tokyo-based Bridgestone Corp. sells for $2.85M

  Property investor Robert Cascio just paid $2.85 million for a warehouse west of Orlando International Airport as part of a sale-leaseback deal. An entity led by J. Palmer Clarkson, president and CEO of Bridgestone HosePower, a subsidiary of Tokyo-based Bridgestone Corporation, sold the 32,512-square-foot,...

• Kissimmee developer planning flex industrial project near city airport

  Kissimmee developer Thomas Chalifoux has is planning a new flex industrial project just north of Kissimmee Gateway Airport. Chalifoux and his son and business partner, Niles, filed construction plans in late January with the city to build 57,400 square feet of small-bay flex warehouse space on...

• Alabama firm buys Greater Orlando warehouses in part of $194M portfolio deal

  A Birmingham, Alabama-based industrial investment firm just picked up a pair of warehouses in International Corporate Park, as part of a $194 million multi-state portfolio deal. Graham Commercial Properties bought 16 Class-A warehouse properties in Orlando and Tampa, in addition to properties in...

• Cincinnati Fortune 500 company files plans for second facility in south Orange County

  More industrial space is headed for south Orange County. Cintas Corporation, a recent newcomer to the Fortune 500 list, just filed plans with South Florida Water Management District seeking to build one of its uniform processing plants at 2510 Investors Row.  The vacant 8.68 acres would be developed...

• McCraney introduces new industrial park concept west of Orlando airport

  McCraney Property Company is eyeing some 70 acres of timberland directly west of Orlando International Airport for a new industrial park dubbed Cone Land. According to a Preliminary Review Plan filed with Orange County last week, the West Palm Beach-based developer is looking to build a 977,400-square-foot...

• Hanover Capital pays $8.4M for retail/industrial project near SunRail

  An investment affiliate of Hanover Capital Partners paid $8.4 million last week to acquire a 10-acre retail and industrial complex just off S. Orange Blossom Trail near the Poinciana SunRail station. The five-building campus has a total of 96,528 square feet of office, industrial, retail and showroom...

• Mirror assembly and distribution firm buys land, warehouse buildings in Sanford

  Creative Images by Venture Circle International, a Winter Park-based mirror assembly and distribution firm, plans to move its entire operation to a recently purchased warehouse on 1.9 acres in Sanford Central Park. The firm bought the property at 140 Maritime Drive for $2.8 million according to...

• Chicago-based investment group pays $49M for Longwood’s American Industrial Center

  In a deal being hailed as one of the biggest industrial park transactions in Orlando market history, Chicago-based Blue Vista Capital Management paid $49 million for the American Industrial Center in Longwood. The seller was The Woods Group, according to a deed signed Jan. 17 and filed Monday in...

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• Scannell Properties pays $10.1M for Sanford industrial park, files new development plan

  NorthPort Industrial Park, in the planning stages since March 2016 but never developed, was sold Tuesday for $10.1 million to Indianapolis-based Scannell Properties, according to a deed recorded Wednesday in Seminole County. The 67.4 acres of pasture land was owned by Rand Yard Farms LLC and had...

• Warehouse property in Orlando's Packing District sells for $5.8M

  A South Florida investor paid $5.8 million last week for a vintage industrial warehouse complex bordering of The Packing District. Located on Diversified Way and southwest of the N. Orange Blossom Trail-Princeton Avenue intersection, the three-building complex is one of the few properties in the...

• South Carolina firm planning spec industrial building on Southchase parcel

  A South Carolina firm that entered the Orlando market two years ago via its self-storage division is now looking to make a mark in the highly competitive industrial sector.  Johnson Development Associates (JDA) has completed five self-storage facilities here since 2017, has a purchase contract...

• BlueScope seeks permit for mass grading at new Apopka logistics park

  A Kansas City-based developer expects to close a deal in the first quarter of 2019 on 178 acres in Apopka that will ultimately bring 2.4 million square feet of industrial space in five warehouses. Mid Florida Logistics Park, planned along the west side of the Western Expressway (State Road 429)...

• Shipping company pays $42M for IKEA distribution warehouse in Lakeland

  A pair of major Polk County industrial projects traded in the last few weeks, including Phase 1 of the Key Logistics Center, which landed a distribution center for Swedish home furnishings giant IKEA in August. Ohio-based Hyperion Properties, an affiliate of shipping company DHL, paid $42.46 million...

• McCraney leases 207,000+ SF in Polk County industrial park to UPS

  UPS has contracted to become the sole tenant at 27 Logistics Park, a McCraney Property Co. building on U.S. 27 near I-4 in eastern Polk County. A global leader in logistics and transporting packages and freight, UPS will lease the 207,676-square-foot, spec Class A warehouse on 12.67 acres fronting...

• British-Norwegian fishing operation plans refrigerated warehouse/distribution facility in Orange

  Bermuda- and Delaware-based affiliates of a British-Norwegian sustainable fishing operation have plans to build a 25,742-square-foot refrigerated warehouse and distribution facility on South Orange Avenue just north of State Road 417. Land owner Wewatta LLC of Wilmington, Del., purchased the 2.73-acre,...

• Deltona enlists economic development firm to help lure manufacturers

  Deltona, Volusia County’s largest city with 90,000 people, has long been known as a bedroom community whose workers get up mornings and travel to jobs in Orange, Seminole and other Central Florida counties. But city leaders say they’re on the verge of changing the city’s DNA from worker exporter...

• Warehouse near Winter Park sells to Boston-based investor

  The 63,380-square-foot Metric Industrial Center east of Winter Park has sold for a recorded $5.2 million to an affiliate of Boston-based High Street Realty Co. The industrial warehouse at 4515 Metric Drive, north of University Boulevard, is 100 percent leased to two tenants, including original...

• Dr. Phillips expanding Packing District, revising development plan

  Dr. Phillips Charities has filed plans with the City of Orlando to formally change the name of its ambitious mixed-use district west of College Park to "The Packing District" and has identified more than a dozen industrial buildings that could be converted for other uses. Dr. Phillips President...

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• Pair of L.B. McLeod Road warehouses sell to out-of-state investor

  An affiliate of a Pennsylvania-based investor that’s been active in Metro Orlando during the last 18 months has purchased a pair of warehouses in east Orlando for a recorded $9.1 million. Exeter Property Group purchased the facility on L.B. McLeod Road, midway between Kirkman Road and President...

• Five-building commercial property in Sanford sells for $9.55 million

  Daytona Beach-based Charles Wayne Properties has purchased an 8.49-acre property, Monroe CommerCenter South in Sanford, for $9.55 million, broker CBRE said Thursday. With 116,500 square feet of leasable office and warehouse space, the five-building property benefitted from proximity to Interstate...

• Home-grown tech manufacturer plans 50,000-square-foot plant in Seminole

  Central Florida-based OptiGrate Corp. will expand into a new 50,000-square-foot facility called IPG Oviedo Technology Center, bearing the name of the company that purchased the local laser manufacturer and researcher last year.   Last week, IPG Photonics Corp. submitted a pre-application and site...

• Mixed-use commercial development planned on 10 acres in Sanford

  Years of waiting are finally paying off for developer and plumbing contractor Robert Maksimowicz in his quest to assemble and develop 10 acres on Sanford’s West First Street.  From one small 0.54 acres parcel he bought in 2005, Maksimowicz was able to assemble just over 10 acres with four additional...

• Co-developer of Amazon fulfillment center sells to affiliate of Boston-based investor

  A partner in the development of Amazon’s new fulfillment center located near Orlando International Airport has, according to county records, sold its property for $108 million. An affiliate of TA Realty in Boston is listed as the buyer, with a mortgage in the amount of $45,000,000 with Wells Fargo...

• 4-building industrial park in Sanford sells for $13.4 million

  A 110,000-square-foot industrial park in Sanford has sold for $13,400,000 amid competition for space in Metro Orlando. The Vantage Point industrial-flex park at 570 Monroe Rd. northeast of the Interstate 4 interchange at State Road 46, was sold Monday by an affiliate of Miami-based private investor...

• Orange County industrial property with rail access sells to nearby business

  An affiliate of civil contractor Stage Door II has purchased a second parcel of land in the Apopka industrial park where it currently conducts operations. The 9.84-acre parcel with a recorded price of $981,400 sits at the western end of Clark Street and offers rail access, said Lee Chira, owner...

• Hickman Enterprises contemplates separate industrial, commercial projects in Seminole

  Hickman Enterprises, a small boutique development company based in Winter Park, has two separate projects on the drawing board in Seminole County. The company, headed by president Andre Hickman, has submitted a site plan to the county for two office/warehouse structures in the family-owned I-4...

• Seefried planning 1.1-million-square-foot distribution center near FL Polytechnic

  Atlanta-based Seefried Industrial Properties is hoping for a better outcome in its third effort to build a logistics center in Polk County. Last year, Polk Commissioners rejected a proposal by Seefried to build a business park on the east side of U.S. 27 at Ronald Reagan Parkway with 1.4 million...

• Frito-Lay plans $130M plant in Osceola across from Poinciana SunRail station

  One of the world's largest snack food companies outlined plans on Monday to build a $130 million plant in Osceola County across from the Poinciana SunRail station. Frito-Lay is planning to construct a 286,000-square-foot, high-tech service facility to be completed in 2021. The automated distribution...

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• Vermeer Southeast, heavy equipment dealer, plans new Ocoee sales, corporate center

  Heavy equipment dealer Vermeer Southeast will double its sales center and office space with a new purpose-built headquarters just off the S.R. 429 toll road in Ocoee. Owner Kris Den Besten told GrowthSpotter he closed on 8.7-acres at the corner of Palm Drive and Ocoee-Apopka Road on Thursday and...

• Pharmaceutical firm seeks city incentives to build $149M+ plant in Lake Nona

  An affiliate of New Jersey-based Amicus Therapeutics, one of the world's largest biopharmaceutical companies, is seeking up to $3.99 million in city and state economic incentives to build a manufacturing facility in Lake Nona's Medical City, an investment it tells city staff would be at least $148.85...

• Atlanta-based developer pays $3.3M for former Lakeland drag strip land

  Local real estate broker and blueberry farmer Randy Knapp has brought in an Atlanta-based development firm to partner on a new 700,000-square-foot distribution warehouse in the heart of Lakeland's logistics hub. Ackerman & Co. is a full-service commercial real estate brokerage and development company...

• Miami Beach investor pays $4.1M for business park next to Kissimmee airport

  After putting down stakes in Orlando's small-bay flex industrial market in 2015, Miami Beach's Z Asset Management Corp. paid $4.1 million last week for a 4-acre business park next to Kissimmee Gateway Airport. Built in 2004, the Armstrong Business Center is comprised of four multi-tenant flex warehouse...

• Toronto-based cannabis distributor preps Orlando fulfillment center, seeks retail sites

  Toronto-based Liberty Health Sciences (LHS) is preparing to lease warehouse space in Orlando for its fifth delivery hub in Florida for medical-grade cannabis products, and is actively pursuing retail sites in the market to open its first storefront within the next year.  Located at 161 Drennen...

• Turkish residential developer to float SE Orange land along S.R. 528 for industrial

  The local affiliate of a Turkish residential development group is exploring industrial entitlements for property in east Orange County it has sat on since mid-2015, potentially in advance of floating the land for sale.  Located at 7707 Amsterdam Drive, the 16.65-acre property lies in east Orange...

• Seven initial land parcels at Sanford airport pushed for CRE development

  The Sanford Airport Authority is seeking new commercial development proposals for seven major parcels within its 400-plus acres of vacant land surrounding Orlando-Sanford International Airport (OSIA) that have been readied for development. The airport authority wants businesses to build facilities...

• Atlanta-based developer plans 230k SF of spec industrial near Florida Mall

  Atlanta-based McDonald Development is preparing to bring more than 230,000 square feet of spec industrial space to market near the Florida Mall, with plans for the type of urban infill site that has drawn it back to Greater Orlando numerous times over the past 20 years.  Located at 7663 Winegard...

• Two developers racing to build new self-storage facilities near Reunion

  The Four Corners market is about to get its own version of "Storage Wars" as two developers race to break ground on self-storage facilities across from each other on C.R. 532 next to Reunion. Orlando-based K4 Investments president Tony Kostantinidis met Wednesday with Osceola County's Development...

• Ridge Development to build 1.35M SF distribution center on former golf course

  Houston-based Ridge Development filed construction plans this month for the first phase of a 1.35 million-square-foot distribution center on Lakeland Hills Boulevard. A subsidiary of Transwestern Development, Ridge won approval last December from the Lakeland City Council to convert the defunct...

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• Investor reunites w/seller for $5.7M off-market deal on NW Orlando warehouses

  A Miami-based real estate investor paid $5.7 million this week for nearly 110,000 square feet of warehouse space in northwest Orlando's "construction corridor." Brian Holland acquired a pair of adjacent warehouse buildings, each 50,000-plus square feet, at 4424 Seaboard Road and 4455 Dardanelle...

• Ohio-based CRE investment group plans Phase 2 warehouses near Orlando airport

  An Ohio-based commercial investment group is preparing to break ground on the second phase of an industrial center in southeast Orlando, with flex-office and a large distribution center planned in a booming submarket near the airport.  Located at 8119 S. Orange Ave., just south of E. Sand Lake...

• New plans forward commercial & industrial development for 196-acre Infinity Park

  Tavistock Development Company has pushed forward with plans to subdivide and develop infrastructure for its 196-acre "Infinity Park" property near Orlando's tourism corridor, with roughly half the site forecasted for large-scale industrial buildings.  Located with frontage on S. John Young Parkway,...

• Nestle to expand water distribution plant near Casselberry

  Nestle Waters North America is preparing to expand its distribution center near Casselberry by 66 percent, according to plans the company filed with Seminole County and the St. Johns River Water Management District. The warehouse, located at 150 Lyman Road, is for bottled water and dispensers for...

• Toronto-based event services company buys Orlando warehouse to expand

  Toronto-based CCR Solutions, an events and audio-visual services provider, paid $2.05 million in recent weeks to more than double its operating space in Orlando, betting on the continued strength of the U.S. economy and the area’s meeting and event needs. Located at 4351 35th St., the 1.43-acre...

• Local construction crane supplier buys Orlando warehouse property to expand

  One of Greater Orlando's leading parts suppliers for construction cranes paid $1.425 million on Friday to expand locally, buying its own warehouse with direct rail access.  Located at 3001 Hansrob Road, the one-acre property lies in northwest Orlando off of Silver Star Road, with a 15,251-square-foot...

• Intram Investments buys 160 acres of Davenport industrial land

  Orlando-based Intram Investments paid $400,000 for 160 acres in Davenport on Friday with a half-mile of frontage on Interstate 4. The property lies just outside the Four Corners Business Park, at the end of Home Run Boulevard and bordering on the Green Swamp. Intram paid cash for the vacant land,...

• St. Cloud's AmeraTrail planning new HQ and manufacturing plant on E192

  St. Cloud-based AmeraTrail, which builds custom boat trailers, is planning for a new 150,000-square-foot manufacturing facility as part of a larger 55-acre mixed-use development. Owner Scott C. Locke has applied to rezone the land at the intersection of U.S. 192 and Old Melbourne Highway, near...

• Pharma entrepreneur explores development for 65 acres near 33rd St Industrial Park

  A South Carolina-based entrepreneur and real estate investor is exploring new phased warehouse development for 65 acres near Orlando's 33rd Street Industrial Park, with a key wetland conversion approval still ahead.  Located north of the 5300 block of LB McLeod Road, the property known as the "Kennedy...

• Summit Construction preps Ocoee site for self storage, retail & more

  Orlando-based Summit Construction Management Group has 11.7 acres under contract in Ocoee with a closing anticipated this month, and plans for new retail and a self storage facility they may self-brand and operate.  Located at 255 Fountains West Blvd., the site lies off the Ocoee Apopka Road and...

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• Boca Raton-based investor pays $14.8M for ‘ready-to-go’ industrial bldg in Lake Mary

  Boca Raton-based IP Capital Partners recently paid more than $14.8 for a Class-A warehouse property in Lake Mary that's the largest industrial building in Seminole County, with significant lease-up potential and a keen eye for more value-add assets in Greater Orlando. Located on 32.6 acres at 2452...

• Miami attorney pays $3.1M to enter Orlando CRE market via College Park

  A Miami-based real estate attorney and his wife paid $3.1 million on Friday for their first commercial real estate asset in Orlando, buying a College Park warehouse with the benefit of a government tenant.   Located at 1551 College Park Business Center Road, just north of the Country Club of Orlando,...

• Miami CRE group brings 84 acres under contract in Mulvaney's Air Commerce Park

  A Miami-based real estate investment firm has 84 acres under contract in the Mulvaney brothers' Air Commerce Park west of Orlando International Airport, and is vetting plans for up to 1 million square feet of new warehouse space.  With access on the south end of Air Commerce Parkway and to the...

• Orlando audio-visual firm plans new multi-tenant warehouse for expansion

  An Orlando company specializing in design and installation of satellites and upscale audio-visual systems is preparing to build a new flex-warehouse for future growth, with additional bays to lease for new income streams.  Satellite City, Inc., has grown since 1998 to be one of the market's leading...

• Construction planned for last warehouse in Sanford’s Rand Yard Commerce Center

  Ocala-based D.L. Fox Properties LP plans to start work this summer on the company’s seventh building in Rand Yard Commerce Center, marking its buildout of the Sanford industrial park. Managing Partner Daniel Fox told GrowthSpotter this building, the last of the company’s projects in Rand Yard,...

• General contractor sought for Orlando's 104-acre 'Packing District' public park

  The City of Orlando is seeking a general contractor to lead work on the new 104-acre Packing District Park, a project estimated by staff to cost $13 million, according to a Request for Proposals (RFP) issued on Monday. The Packing District Park will be located on the southeast corner of N. John...

• Denver-based REIT pays $45M+ for Phase 1 warehouses at Ocoee's Park @ 429

  An affiliate of Denver-based commercial property investor Black Creek Group paid $45.7 million last week for the first two buildings of the Park @ 429 industrial park in Ocoee, one year after the groundbreaking and a rapid lease-up effort.  Now dubbed the Park 429 Logistics Center, the property...

• Flex-industrial developers buy Boggy Creek Road site w/warehouse entitlements

  A South American development group with local flex-industrial experience paid $2.6 million on June 4 for its next potential warehouse park site near Orlando International Airport.  Located at 9197 Boggy Creek Road and bordered by Dowden Road, the property is near S.R. 528, the Florida Turnpike...

• National builder pursues $5.9M+ in unpaid fees for facility in NW Orange

  National design, infrastructure and construction consultancy CDM Smith is pursuing more than $5.9 million in unpaid fees for a high-profile fertilizer plant it built two years ago in northwest Orange County. CDM Constructors, the company's construction unit which operates locally out of Maitland,...

• Global CRE investor pays $37M+ to enter Orlando market w/industrial portfolio

  Global investment firm KKR paid $37.1 million on Tuesday to enter the Greater Orlando market, buying a portfolio of 11 Class B warehouse properties with value-add potential through lease-up. Located in the 4000 block of LB McLeod Road and west of the intersection with Vineland Road, the buildings,...

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• Duke Realty brings site under contract near downtown Orlando for potential warehouse

  Duke Realty Corporation has nearly 19 acres of an urban infill site in downtown Orlando under contract, and is exploring up to 264,000 square feet of new warehouse space.  The 18.8 acres lie in the 1200 block of S. Orange Blossom Trail, about eight blocks south of Camping World Stadium and bounded...

• Road work traffic control supplier to build new warehouse, offices in Seminole

  Tampa-based Traffic Control Products is preparing to build its first company-owned warehouse and offices in Central Florida near Sanford, with an eye on expanding its service to the construction industry. The company, which supplies traffic cones, barriers, highway striping and other products for...

• National CRE investor being acquired by Blackstone buys 4th Orlando warehouse

  An affiliate of New York-based Gramercy Property Trust (GPT) paid $9.8 million on Tuesday for its fourth industrial property in Greater Orlando, a day after announcing it will be acquired by the world's largest real estate private equity firm.  Located at 3200 Mercy Dr. in northwest Orlando's "Center...

• As U.S. 27 corridor builds out, distribution warehouse projects move west in Polk

  Polk County is on the verge of landing another 2.24 million square feet of new distribution warehouse space, but it isn't coming to the U.S. 27 corridor. As that distribution hub reaches full buildout, industry leaders have turned their sights west on the Interstate 4 corridor to Auburndale. This...

• Local excavating company buys land near Orlando airport to expand operations

  A local excavating company paid $1.2 million in mid-April for new property near Orlando International Airport, where it can expand operations with double the land of its previous home. Founded in 1988, Joe McGrady Excavating, Inc. specializes in new swimming pool excavation, rebar layout and demolition...

• McCraney closes on 44-acre Ocoee site for new industrial park, plans site work

  West Palm Beach-based McCraney Property Company plans to break ground this month on a major new industrial park at the key crossroads of S.R. 429 and the Florida Turnpike in Ocoee. Company CEO Steven McCraney confirmed Tuesday that he closed on the 43.9-acre site on Monday, and plans to begin site...

• Merger of leading national industrial CRE operators to impact Greater Orlando

  Two of Orlando's largest owner-operators of industrial real estate are coming together in a national merger, with local portfolios that should compliment one another and new buildings in the pipeline. San Francisco-based Prologis, Inc. announced on Sunday it had reached a deal to acquire Denver-based ...

• Singapore-based CRE group buys four industrial properties in Orlando

  Affiliates of Singapore-based multinational real estate group Mapletree Investments paid a combined $36.4 million last week to make its market entry in Greater Orlando, buying four local flex-industrial properties as part of a larger portfolio deal. The seller appears to have turned a $7 million...

• Commercial flooring firm buys Winter Garden warehouse to quadruple space

  Orlando-based commercial flooring firm International Flooring, Inc. paid more than $3.3 million in recent weeks for a Winter Garden warehouse property that will more than quadruple its current operating space, leaving ample room for growth. Located at 720 Crown Point Cross Road, the 2.41-acre parcel...

• St. Petersburg-based recycler of concrete & demo materials plans Orlando expansion

  St. Petersburg-based Angelo's Recycled Materials wants to expand its concrete crush and demolition recycling business further into the Orlando market, filing plans Monday for a new facility. To be based at 500 W. Landstreet Road over 44.71 gross acres in south-central Orange County, the company...

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• U-Haul preps site near Orlando airport for moving truck maintenance facility

  U-Haul International is preparing plans for a new truck maintenance facility next to its flagship moving and self-storage center now under construction near Orlando International Airport, drawn to population growth in the Lake Nona community. Located at 7800 Narcoossee Road, the 10.2-acre parcel...

• 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

  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

  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

  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

  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...

• Two large new tenants put Ocoee's Park @ 429 at full occupancy, next phase nears

  Large new retail tenant leases have the first two buildings of The Park @ 429 industrial park in Ocoee at 96 percent occupancy, with another two lots now under contract to direct users for their own 50,000-square-foot buildings.  The newest signee is Maintenance Supply Headquarters, which will...

• Foundry readies plans for next three industrial buildings at Princeton Oaks

  Foundry Commercial is readying plans for the next three warehouses in its new Princeton Oaks Industrial Park with an eye on July for groundbreaking, after hitting a leasing threshold this month on the first two buildings. The developer, which partnered on the project in PGIM Real Estate, anticipates...

• Orlando trucking company buys land in NW Orange to consolidate & expand

  A local cargo trucking company paid $875,000 on Wednesday to consolidate its operations and grow in northwest Orange County, and plans to design and build two new buildings on site in the coming months.   Located at 5350 N. Pine Hills Road, south of the intersection with Clarcona Ocoee Road, an...

• Local developer tries to outpace competitors w/self-storage plan for Turkey Lake Road

  Winter Park-based Nuvo Development is running ahead of a pack of self-storage developers pursuing land in the Dr. Phillips submarket, with its debt and equity lined up and closing anticipated by June for a site on Turkey Lake Road.  Nuvo has had the 1.9-acre Lot 6 under contract since mid-2017...

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• Orlando CRE attorney preps 125k SF of new flex-industrial space in Clermont

  Orlando commercial real estate attorney John K. Keating earned approval Tuesday night from the city of Clermont to build up to 125,000 square feet of mixed commercial and industrial flex space. Keating has owned the 21.53-acre project site on Hancock Road, east of the Greater Pines subdivision, since...

• 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 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

  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

  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 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,...

• Local CRE investors bring South I-Drive land under contract for self storage

  Local real estate investors Peter and Dominic Garrambone have land off of S. International Drive under contract, with newly-filed plans for self storage that is trying to pace housing growth in the tourism corridor.  Located off the southeast corner of S. International Drive and Wildwood Avenue,...

• Veteran local retail developer pursues first self storage north of Universal Orlando

  Longtime Orlando real estate broker and developer Alan Charron has nearly two acres under contract north of Universal Orlando for his company's first self storage development. Located at 5874-5860 Conroy Road, the 1.69 acres lie between two separately owned parcels along Michelle Lee Lane. The...

• Lake Mary developer drives Sanford mixed-use project on state surplus property

  A Lake Mary-based developer is leading plans for a small mixed-use project on surplus state property in a fast-growing commerce zone in Sanford. Flagship Companies Group has an 8.6-acre parcel under contract at the northeast corner of the S.R. 417 and Rinehart Road intersection. The 417's northbound...

• Land owner preps 20+ acres in NE Orange for light industrial users

  The owner of more than 20 acres on S.R. 50 in northeast Orange County plans to develop the mostly vacant property for commercial and light industrial, and is looking for lessees. Alan Ashlock, former president of Orlando-based Crane Rental Corp. which was bought by Maxim Crane Works in 2015, said...

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• U-Haul buys Kissimmee W192 flea market site, plans self storage conversion

  Tampa-based U-Haul Co. of Florida paid $6.5 million on Tuesday for one of the largest retail properties on Kissimmee's tourism corridor, with plans to convert the buildings into a self storage facility. The Main Gate West Flea Market, located at 8546 W. Irlo Bronson Memorial Highway, was built...

• Milk District bowling alley site sells for new self storage & retail building plans

  Winter Park-based developer Titan Properties paid $2.1 million earlier this month for a 1950s-era bowling alley property in downtown Orlando's Milk District, with plans to redevelop for a three-story self storage facility.  Located at 400 N. Primrose Dr. on the northwest corner with E. Livingston...

• Delray Beach investor buys Orlando mixed-use center, seller divests after 13 months

  An affiliate of Delray Beach-based Harvest Holdings paid $9 million on Monday for a three-building, mixed-use commerce center in northwest Orlando, which the seller spun off a year after acquiring it in a national portfolio deal.  Located at 6325 N. Orange Blossom Trail, this 9.77-acre property...

• Dr. Phillips Charities buys 118 acres for future Packing District public park

  Dr. Phillips Charities paid $4.7 million on Monday for 118 acres from a KeyBank affiliate in west College Park, then immediately gifted 104 acres to the city of Orlando as its latest step in establishing a public park for the newly-branded Packing District. The organization is now about 60 percent...

• Prologis lines up next two phases of industrial park near Orlando airport

  Industrial REIT Prologis is setting the stage for more than 550,000 square feet of new distribution center/warehouse space that will expand its new self-branded industrial park near Orlando International Airport.  Located in the 4600 block of E. Wetherbee Road, directly southwest of the airport...

• SC-based developer plans new Oviedo self storage, more in Greater Orlando pipeline

  Johnson Development Associates, a South Carolina-based commercial developer that has been active in Greater Orlando in the past two year, is planning its fourth local self storage facility in Oviedo.  The three-story, 90,000-square-foot building would be built on 1.6 acres near the corner of E....

• National HVAC distributor buys new Orlando warehouse for expansion

  National HVAC distributor R.E. Michel Company paid $3.5 million on Jan. 31 for a new warehouse in northwest Orlando to expand its local operation, buying the property from a chief competitor that also moved for expansion. Located at 2450 Silver Star Road along what is known as "Contractors Row,"...

• Mississippi developer bringing new self storage brand to market via Apopka

  A Mississippi-based developer is bringing their own self storage brand to Greater Orlando, with plans for a new 90,000-square-foot facility in Apopka and more land sought in the region this year.  Located at 1566 E. Semoran Blvd., York Developments paid $1.085 million for the 4.5-acre site in 2006...

• Local real estate investor plans three small light industrial warehouses in Sanford

  Red Lion Properties LLC, a Sanford company that has primarily invested in and renovated residential real estate, is moving into the light industrial sector in a big way. Red Lion plans to build three light industrial-office warehouses at 400 Gordon St. in Sanford, company owner Shanze Lee told...

• Local demolition & concrete recycling firm buys land near Orlando airport to expand

  A local family-owned construction hauling, excavation, demolition and debris removal business paid $5 million in late January for land in southeast Orlando, where it can more than triple its former footprint for expansion.  Located at 990 Rocket Blvd. in Orlando, the 29.85-acre property is served...