A group of investors with ties to the baking industry paid $3.72 million on Friday for land on the southern edge of Jetport Industrial Park, west of Orlando International Airport, with plans to potentially develop in the future for a local bakery business.
Located on the northwest corner of Landstar Boulevard and E. Wetherbee Road, the 13.5 acres acquired won't be developed for the foreseeable future, said Mike Remsberg, one of six investors in the buyer, Donut Holedings LLC.
The property is meant for potential expansion in the future of Bakery Express of Central Florida, Inc., which supplies fresh baked goods to stores and restaurants regionally, added Remsberg, the business' vice president. The company currently leases industrial space 4.5 miles to the north on Prime Court, in the McCoy Commerce Center.
The seller was Jetport Industrial Park of Orlando Limited, whose sole remaining general partner is William D. "Sonny" Bishop, Sr., was a long-time executive of Orlando-based Bishop Office Furniture Co., which was acquired in 1997 by Corporate Express, Inc.
Totaling roughly 300 acres, Jetport Industrial Park had been planned since the early 1980s, and saw its first parcel sales and development begin in 2001.
Steps were taken last year to help prepare this parcel for future development by a buyer. The Orlando Jetport Center PD was changed to add General Industrial as a use on specific lots, and to decrease the minimum allowable commercial square footage to 15,000 square feet.
No new plans or permit requests have been filed for the property with Orange County in recent weeks.