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New flex commercial building planned in St. Cloud

Quinn Commercial Inc. completed it's new office in 2018 at Osceola Industrial Park. Now the company is planning a 38K sf commercial building next door.
Quinn Commercial Inc. completed it's new office in 2018 at Osceola Industrial Park. Now the company is planning a 38K sf commercial building next door. (Osceola County Property Appraiser)

A St. Cloud developer has filed construction plans for a new flex office-warehouse building in the Osceola Industrial Park.

Quinn Commercial built is new 13,000-square-foot headquarters office in the industrial park in 2018. Later that year, the company bought the adjacent 2.78-acre lot at the corner of Hamlin Avenue and Old Hickory Tree Road for $565,000.

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Owner Danny Quinn is seeking permits for a new 38,501-square-foot commercial-warehouse building. Quinn told GrowthSpotter he already has several tenants lined up and just posted a sign to pre-lease the remaining space.

“Half of the building is already spoken for,” he said. “That’s about 20,000 square feet. We have the ability to flex the rest of it out.”

Quinn said he was drawn to the location because it captures drive-by traffic from two highly-traveled roads. It’s also right across from a new charter school, which generates a lot traffic. “I think it’s a pretty good spot,” he said. “You’re just off 192, so you’re not having to pay 192 rates.”

The proposed 38K square foot commercial building is highlighted in yellow.
The proposed 38K square foot commercial building is highlighted in yellow. (Osceola Engineering/staff edit)

The plans were created by Osceola Engineering. The architect is Stephen E. Davis, based in Kissimmee.

Real estate investors Daryl Carter and John Reich partnered together in early 2017 to buy the undeveloped industrial lots, totaling 28 acres, in the Osceola Industrial Park, for $1.9 million.

Since then, the duo has sold all but 9.5 acres, with the largest transaction being the $1.2 million sale last September to ALDI Food Markets. The German grocer purchased 2.8 acres fronting on U.S. 192 and is currently building a 19,209-square-foot store.

German grocer ALDI is continuing its rapid expansion in the Orlando suburbs with another supermarket planned for Osceola County.

The lot immediately east of Aldi sold for $925,000 to Salvador Gutierrez, who plans to build a Mexican restaurant. Carter and Reich also sold lots in the industrial park to Nestle Enterprises and Osceola Glass and Mirror for $190,000.

Meanwhile, Reich purchased an unfinished industrial park just across Old Hickory Tree Road and has completed two small-bay flex industrial buildings, each 16,500 square feet. He has entitlements for a total 127,500 total square feet at the Reich Business Park.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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