Orange County industrial property with rail access sells to nearby business

Bill Zimmerman
GrowthSpotter

An affiliate of civil contractor Stage Door II has purchased a second parcel of land in the Apopka industrial park where it currently conducts operations.

The 9.84-acre parcel with a recorded price of $981,400 sits at the western end of Clark Street and offers rail access, said Lee Chira, owner of seller LCA Development: “It’s got a spur, so it’s rail compliant.” The rail is on the northern boundary of the property, which is just south of State Road 414 and about a quarter-mile east of Hiawassee Road.

Stage Door II installs storm-sewer pipes and structures, water and sewer services, roadways including traffic islands and speed humps, sidewalks, many related repairs and more, according to its web site, and has performed more than $150 million worth of work since it was founded in 1972. It had in 2012 along with Centi Realty purchased just more than 5 acres at its 3050 Dee Street facility in the same development, called Orange County Industrial Park, just blocks away from the newly purchased parcel.

Clients include numerous Central Florida and Tampa Bay-area counties and municipalities.  It also has a nearby office on Overland Road.

Activity in Stage Door II’s sector is high. For instance, nearly 200 municipal water and wastewater projects alone are under construction in the state of Florida, according to Construction Market Data.

The property can be subdivided, Chira said. The sale represents LCA’s exit from the industrial park: “It was originally about 90 acres, and we sold it off in different sized parcels,” Chira said.

LCA remains active in Central Florida with about 10 current projects ranging from commercial and retail to apartments, he said.

Have a tip about Central Florida development? Contact me at bzimmerman@growthspotter.com, (407) 420-5427 or @zmediaworks. Follow GrowthSpotter on FacebookTwitter and LinkedIn.

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