Dalfen Industrial is growing its logistics portfolio in the City of Orlando with plans for a second warehouse asset on Hoffner Avenue.
The Dallas-based firm filed construction plans last week for a 105,000-square-foot warehouse to be called the Conway Logistics Center at 4840 Hoffner Ave.
Dalfen purchased the 9-acre site in January for $1.87 million. The sellers were longtime owners who had taken the project through permitting in 2019 for a smaller industrial project with three separate warehouse buildings.
Earlier this month, Dalfen filed a revised Specific Parcel Master Plan with the city that was closer to the sellers’ previous concept of a single, large warehouse building. WGI is the civil and environmental engineer.
Cushman & Wakefield’s Jared Bonshire handles the leasing on the company’s Orlando properties. He told GrowthSpotter bulk users are scouring the Southeast Orlando market now looking for available sites with good road access.
“The majority of folks we do deals with want to be just north of the airport,” Bonshire said. "The way this building sets out, it probably won’t get more than two users. The likelihood of getting a single tenant is high.”
This is the company’s second industrial project on Hoffner Avenue after completing a similar project on a 10-acre site in Orange County last year. The Hoffner Industrial Park comprises two dock-high warehouse buildings with 88,932 square feet and 46,590 square feet, respectively. Bonshire said the complex has about 48,000 square feet remaining with multiple proposals on the table.
Dalfen is also developing the Vista Commerce Park along State Road 417 at the Lee Vista Boulevard interchange, where it will construct 3.38 million square feet of industrial distribution space on 243 acres. Bonshire said Dalfen will begin site development in the next 30 days.
The first phase will be prepping the area for build-to-suit clients, while the first speculative buildings could begin construction in 2021.
“We’re working with number of larger users who are currently looking at Lakeland. That’s a unique opportunity for bulk users to go directly into Orlando,” Bonshire said. “I think it will be too hard for them to pass up.”
All three new developments fall within the Southeast Orlando submarket, which currently has 780,518 square feet of new industrial product under construction, according to JLL’s First Quarter industrial market report.
Dalfen is one of the nation’s largest buyers of industrial real estate. The firm currently owns and operates millions of square feet of industrial properties throughout the United States and in Canada.
The 4000 block of Hoffner Avenue is home to several industrial users, but last year multifamily developer Trammell Crow Residential won approval from the city to annex 24 acres on the north side of the road for a new market-rate apartment complex called Twelve Oaks.