Hanover Land Company has officially broken ground on a 28-acre Trinity Industrial Park in Kissimmee at the SW corner of Orange Blossom Trail/U.S. 17-92 and Poinciana Blvd.
General contractor Arco Murray has already mass graded the site an begun prepping for the first two speculative warehouse buildings.
“The site was originally designed in 2007, and we redesigned it to accommodate 1-2 acre industrial sites,” Vice President of Investments Matt Orosz said. “The remaining land will consist of nine pad ready industrial lots starting in the low $300′s.”
The project expands Hanover’s existing retail and industrial assets in the area. Last year, Hanover paid $8.4 million in 2019 to acquire the adjacent 10-acre complex that includes nearly 100,000 square feet of retail, office and industrial space. It’s next door to a 50,000-square-foot industrial asset Hanover purchased in 2015.
Building 1, under construction, will be ready in April, and will consist of 50,000 square feet of grade level space designed for tenants needing 3,000–6,000 square feet. Building 2 will consist of 75,000 square feet and is designed for users seeking larger bays of at least 25,000 square feet. Building 2 also has a substantial amount of excess trailer storage.
Vice President Tony Iorio said small industrial lots that allow outside storage and single tenant use is increasingly rare in Central Florida will be in high demand. "We expect to see primarily owner/users who want to own or have their own space within the rapidly growing segment of Osceola/Polk county that is also still close to the attractions,” he said.
Hanover also owns a 300,000-square-foot industrial park on Shader Road in Orlando.