Magic Design, an Orlando manufacturer of architectural precast and foam used in construction, is primed for growth after paying $2.175 million on Sept. 29 for a new manufacturing property double the size of space its leased for the past decade.
Located at 1330 Central Florida Parkway in the Regency Industrial Park, the 2.43-acre property is based alongside the Florida Turnpike between the tourism corridor and Orlando International Airport, and has a 65,000-square-foot dock-high manufacturing and distribution warehouse.
Founded in 2005, Magic Design had been operating for the past 11 years out of a 15,000-square-foot leased warehouse space on Boggy Creek Road.
A manufacturer of architectural arches, columns, column caps, monument signs and more for residential and commercial construction, Magic Design weathered the recession years when a lot of its competitors went out of business, and over the past four years has grown at a pace that required it lease three different spaces around town, manager Marcia Chaves told GrowthSpotter on Tuesday.
"I finally said we have to buy our own facility. We're working now on the move, we'll be able to do a lot more business at the new property," she said.
A native Brazilian, Chaves began Magic Design in Orlando but may also pursue plans to expand the company into Brazil in the coming years, she added.
Chaves is currently selecting roofing and electrician companies to work on the newly acquired building.
The seller was Industrial Park 1330 LLC, an affiliate of Dan Webb and Webb International, Inc., owner of more than 4 million square feet of light industrial buildings in Orlando and Jacksonville.
The property had been occupied by Dusobox, manufacturer of cardboard boxes used in retail and dining. Greg Rebman and Cory Kroeger of KR Propertiesbegan in October 2015 representing Dusobox as a tenant trying to sublease the space, but then got Webb on board to float the property for sale as well.
Rebman and Kroeger procured the buyer in Magic Design, and helped place Dusobox into a 140,000-square-foot lease at Beeline Distribution Center II at 2501 Investors Row, in Orlando Central Park South. At more than double the size of their former space, Dusobox is now expanding with more machinery, Rebman said.
"The property was well-priced in the $30s per square foot, because as a manufacturing facility it doesn't have as good a loading area as a standard distribution center, but Magic Design didn't need that," Rebman said. "Being located on Central Florida Parkway, the property gets good traffic by there for manufacturing and sales needs, and it was in the southern part of town where (Magic Design) was already located."