xml:space="preserve">
xml:space="preserve">
Advertisement

Lincoln Property wants to raze Cubic Corp.’s former industrial park near Mall at Millenia

A site plan of the proposed industrial project set to replace the current structures on 27 acres at 2001 W. Oak Ridge Road.
A site plan of the proposed industrial project set to replace the current structures on 27 acres at 2001 W. Oak Ridge Road. (SFWMD)

Military simulation and training equipment manufacturing company Cubic Corp. is relocating from its location near Mall at Millenia amid efforts by Lincoln Property Company to build anew.

Construction plans recently filed in the South Florida Water Management District indicate LPC intends to demolish the existing structures at 2001 W. Oak Ridge Rd. to make way for a new distribution hub.

Advertisement

A site plan for the Oak Ridge project depicts a 27-acre industrial campus that includes two warehouse buildings totaling 405,300 square feet.

The largest building would act as a cross dock distribution center with 295,600 square feet and the second building would be a “front loader” warehouse facility with 109,700 square feet.

Currently, the site is made up of an assortment of warehouse buildings that date back to the early 1970s. In total, the campus consist of over 420,000 square feet.

Lincoln Property Company just picked up a roughly 400,000-square-foot office park in south Orange County with short-term lease deals in place with the remaining tenants.

Last summer, GrowthSpotter reported that LPC paid $11 million to acquire the property.

At the time, produce market, Economy Farmers Market, occupied a 3,320-square-foot building on site, while Cubic Corp. filled a roughly 50,000-square-foot space at the warehouse campus for its Simulation Systems Division and Cubic Advanced Learning Solutions divisions.

The property was mostly vacant when it traded hands.

In a previous interview with GrowthSpotter, Rhys Williams, vice president and treasurer at Cubic Corp. said the deal is part of a relocation plan to bring its employees to a smaller “more modern” office space.

According to Williams, the company exercised a deal with LPC that gives Cubic Corp. about a year to relocate.

Cubic Corp. has owned their office near Mall at Millenia since 2003, when it acquired Orlando-based training systems provider ECC International Corp. in a deal valued at more than $42 million.

Replacing the old campus will be the new Oak Ridge industrial project, which will feature about nine acres of paved parking space and a little more than an acre of gravel parking space.

Tierra, Inc. is the geotechnical engineer and Bio-Tech Consulting Inc. provided environmental consulting services. American Surveying Consultants is the surveyor.

LPC is also behind a pair of sister towers in downtown Orlando that includes the recently completed 28-story SunTrust Plaza at the corner of Church Street and Garland Avenue, and a second 32-story tower underway at 225 S. Garland Avenue.

Together, the towers make up a development called Church Street Station, which also includes a 16,000-square-foot food hall called Bumby Arcade.

The first tower is anchored by Truist and features Orlando’s first AC Hotels by Marriott, slated to open this summer.

Advertisement

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.

Advertisement
Advertisement