Denver-based DCT Industrial Trust has filed plans for a seventh light industrial building at its Airport Distribution Center North warehouse park on S. Conway Road, while still in lease-up on its fourth building and permitting ahead for a fifth and sixth.
Located on the southeast quadrant of Conway and Judge roads near Orlando International Airport, DCT owns more than 53.5 acres where its ADC North project has fully leased an initial three of four buildings totaling about 400,000 square feet, mostly to light distribution and third-party logistics firms.
Those buildings are clustered on a primary 42 acres, where a fourth ("Building D") received its Certificate of Occupancy last October for 95,036 square feet. That one now has a lease commitment for 30,000 square feet, with the balance still being marketed.
A seperate 11.5 acres of undeveloped land northeast of the park was bought in February by a DCT affiliate, planned for a future seventh rear-loaded warehouse with a new access road on the building's western side, which will connect Judge Road to the industrial park to its southwest.
DCT likes to have multiple buildings lined up in staged development, so when Building D hits 50 percent occupancy the company can have a fresh construction permit ready for a fifth building ("E") of 100,748 square feet, said Todd Watson, senior vice president for Central and South Florida.
"We have not been issued a building permit for E yet, we're still making revisions to signage on site," he told GrowthSpotter on Monday. "And because there are life cycles to permits, it's prudent to maximize that by pulling a permit at the right time."
But getting the ball rolling now for a seventh building ("G") will give DCT the flexibility to fast-track its development if prospective tenants prefer its significantly larger size. The company filed a Master Plan for it on June 13 with the city of Orlando.
The first six buildings in ADC North will all average about 100,000 square feet and a depth of 160 feet, while the seventh is projected for 170,000 square feet and a 220-foot depth, with 52 loading bays.