Plans for final two phases of the Sand Lake West Business Park near Orlando’s tourism corridor were just set in motion.
According to a preliminary site plan filed in the City of Orlando, investment advisor Sentinel Real Estate Corporation is looking to build three new Class A office buildings within the 94-acre business park, just north of Lockheed Martin’s Missile and Fire Control plant.
The development team held a pre-application meeting with city planners in June to discuss the build out plans.
The first of the final two phases takes place on a roughly 12-acre parcel west of Greenbriar Parkway. Plans consists of two new office buildings and a five-story parking garage.
Building A will feature 114,130 square feet of rentable office space, while Building B will feature 144,690 square feet. According to the site plan the parking garage will be able to accommodate up to 1,555 cars. An additional 257 car parking spaces will be available through surface parking.
Located on a vacant 5-acre parcel at 7755 Greenbriar Pkwy. the final phase features a 60,000-square-foot office building and a parking structure that can handle up to 349 cars.
The plans follow the recent completion of its sixth phase at 7501 Greenbriar Pkwy., which grabbed headlines in 2017 after the global supply chain logistics company Brambles Limited announced it would relocate its Orlando-area offices there.
The company moved into a 85,000-square-foot office building with 513 parking spaces. The Golf Channel’s headquarters is also located within the business park.
Sentinel Real Estate Corporation works on behalf of the Alaska Permanent Fund Corporation, which lists the Sand Lake West Business Park as one of its real estate assets on its website.
The first five phases of the park were developed between 1983 and 1989. APFC invested about $37.5 million assembling the land northeast of the W. Sand Lake Road and S. Kirkman Road in 1994.
At the time, Sand Lake West Business Park featured more than 545,000 square feet of rentable space.
It’s unknown whether the company has contracts with tenants in place for the newer office properties. Brokers handling marketing were not immediately available to comment.