Industrial flex-space developer Bob Meeks has his 12th building in line for permitting at Nar-Vista Commerce Center, 5 miles northeast of Orlando International Airport, with plans for a 13th now in design and the space for at least four more, based on growing small business demand.
"I started with five acres there on Narcoossee Road back in 1983, now we own about 60, have developed 30-plus acres with 11 buildings on the eastern side of the road, and have the space to do up to 16 buildings," Meeks told GrowthSpotter on Monday. "We develop one every year so we can pay for them, each about 20,000 square feet. There's about 215,000 square feet in total developed there. This next one will be very unique."
To be located at 6766 Narcoossee Road, the project would occupy 14.9 acres across four parcels on the road's western side, of which 7.5 acres would be developed as a $5.1 million-storage warehouse for boats and recreational vehicles.
Details on the growing company, and why they're building a new facility for themselves, and excess space to lease out.
By Dan Ping
Aug 01, 2016 at 12:00 PM
Named "The Fortress," the property will feature a 15-foot-high concrete wall protecting vehicles and boats from being seen from the outside, with 68,000 square feet under cover for 125 large covered parking spaces, and 52 large uncovered spaces.
The project was inspired by Kirby Properties' similar Park 720 vehicle storage in Cape Coral. The warehouse will be built with steel product from Nucor-owned Kirby Building Systems.
"We already have a yard where clients store large vehicles like this, and most storage sites are wide open with these valuable vehicles exposed. I just thought this model sounded neat to have the large exterior wall, a roof, with valet parking and all kinds of amenities for the owners," Meeks said.
The developer is now turning in construction plans for Building 12 to Orange County. Meeks hopes to get a permit for horizontal construction in September and start site development by early October. The project will be funded entirely by equity from the Meeks family companies, he said.
Following "The Fortress" as a 12th property at Nar-Vista, Meeks is designing Building 13 as another 22,000-square-foot multi-tenant flex space on the road's eastern side. Demolition of an old home on the property should start this week.
"I can put four more buildings on that property on the right side of the road, which will put me well over 300,000 square feet," he said. "Demand is just constant from small businesses. I have drywall companies, fitness operations, a guy that supplies a tremendous amount of stuff to the VA Hospital, landscapers, limousine companies and more."
Meeks' family owns and manages various LLCs that make up the properties of Nar-Vista Commerce Center. The industrial park took form around the 70,000-square-foot factory of Royalty Foods, a specialty foods supplier that Meeks founded and ran for 24 years before selling it in 2005.