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Industrial Real Estate Developments

Company tied to CBRE buys recently completed Amazon logistics center on OBT

A company tied to CBRE’s Atlanta office just paid $32.6 million for the recently completed Amazon logistics center on Orange Blossom Trail.

The seller, Seefried Industrial Properties, is the developer behind the 115,280-square-foot warehouse at 1216 S. Orange Blossom Trail. The deal breaks down to about $283 per square foot.

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Construction on the facility began in April, according to a Notice of Commencement filed in Orange County. The Conlan Company was the assigned contractor. Kimley-Horn and Associates is the engineer.

Seefried paid $5.3 million for the roughly 21 acres property last year. The company has experience developing buildings for the e-commerce giant. It’s also behind Amazon distribution centers in Lake Nona, as well as facilities in California, North Carolina and Alabama.

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Conlan Co. built an Amazon distribution center in Jacksonville’s Cecil Commerce Center.

Last year, Seefried entered into an agreement with Amazon to lease the building. Orlando planner Jim Burnett told GrowthSpotter construction of the facility is complete and Amazon is currently operating in the building.

The company is quickly expanding its footprint throughout Central Florida.

In December, Deltona city leaders approved giving Amazon an estimated $2.5 million tax incentive to build a new warehouse in the city. Seefried will also be developing the facility, which is slated to feature 1.4 million square feet of distribution space.

The company is also planning to occupy a 1-million-square-foot Auburndale fulfillment center in Polk County.

Amazon has invested more than $5 billion in Florida through local fulfillment centers and cloud infrastructure, research facilities, and employee compensation, according to a spokesperson.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


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