Global industrial real estate investorGLP filed plans on Monday to expand Whirlpool's regional distribution center in South Orlando by more than half, pushing the facility to more than 750,000 square feet.
Located directly south of the manufacturer's distribution center at 13201 S. Orange Ave., the vacant 13.17 acres would be developed for a 259,074-square-foot, high cube warehouse and related parking, serving as an expansion to Whirlpool's existing 500,000-square-foot building directly northeast.
With the expansion, Whirlpool's buildings would cover more than 50 acres of GLP land.
The expansion plan signals a major investment in the Greater Orlando market by Whirlpool, following a lease extension of 10 years on the main facility which was finalized in late December.
The company also signed a short-term lease that month on 165,000 square feet at 2100 Directors Row near the Florida Mall, meant to boost distribution capacity while it considered whether to expand its main distribution center on S. Orange Avenue.
Whirlpool and GLP's projected investment in the new building and timeline for its construction remain unconfirmed. Both companies did not respond to requests for comment on Tuesday.
Within the Southchase DRI and Southmeadow Tract Land Use Plan where this property falls, GLP is allowed to build 750,000 square feet of high cube warehousing, and 537,000 square feet of general warehouse. With the proposed Whirlpool expansion, there would still be entitlements for 290,160 square feet of general warehousing for the future.
An affiliate of a Blackstone Real Estate Partners fund paid $31.3 million in June 2012 for the property, and the distribution center built in 2007. In December 2014, GLP partnered with Singapore sovereign wealth fund GIC to acquire this and other assets via IndCor Properties, which was sold by the Blackstone affiliate.