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 filed with the South Florida Water Management District.
The vacant 16-acre site sits directly south of City Beverages' Budweiser distribution facility at 10928 Florida Crown Dr.
Majid Kalaghchi of SK Consortium, the assigned civil engineer for the project, confirmed the distribution center is being built on spec.
No tenants are signed on just yet, he said.
LPT's Jody Johnston handles leasing at the park. He said speculative construction has become more predominant in Orlando and South Florida over the last four to five years.
"Years ago, the major distribution hubs for the Southeast were always in Atlanta," Johnston said. "Orlando and South Florida have become hubs in Florida because our population is growing more rapidly."
C4 Architecture is the architect. No general contractor has been chosen.
The initiative comes off the heels of the joint venture nearing the completion of its roughly 130,000-square-foot warehouse at 3057 Tradeport Dr., just around the corner.
More than half of the warehouse is leased to the Follett Corporation, Johnston said.
The Westchester, Illinois-based company is a major international supplier of educational materials to preK-12 educational systems. About 61,000 square feet is available to lease.
Of the 1,350 acres that make up the AIPO industrial park, about 250 acres remain undeveloped.
Companies with a presence at the business park include Chrysler, Goya, Caterpillar, Lockheed Martin and Staples.
Adjacent to the new spec building site is a 13-acre lot where power tools manufacturer STIHL committed to lease a 155,000-square-foot distribution center from Liberty AIPO.