Seven initial land parcels at Sanford airport pushed for CRE development

The Sanford Airport Authority is seeking new commercial development proposals for seven major parcels within its 400-plus acres of vacant land surrounding Orlando-Sanford International Airport (OSIA) that have been readied for development.

The airport authority wants businesses to build facilities or partner on built-to-suit projects on any of seven parcels ranging from 9.7 to 19.6 acres that are the first being promoted for long-term lease, according to NAI Realvest's Paul Partyka, who with Rachel Saunders is marketing the property.

"Technology, aviation, manufacturing and distribution centers are the main (industries) we're going after," Partyka told GrowthSpotter on Monday. "We've been the listing agent for commercial real estate for the airport for the past nine months, but we didn't do anything in a big way yet until the visioning plan was done."  

The Winter Park office of Zyscovich Architects is now completing that vision study of the airport's more than 400 acres to provide a long-term use plan for development on much of the property.

The seven initial parcels targeted offer immediate development opportunity for two hotel sites, offices that could include corporate headquarters, retail strip centers and stand-alone pads, flex-industrial, warehouse and distribution or training facilities, one of which is located within a foreign trade zone.

OSIA already has 1.6 million square feet of active commercial space developed on its property, including an airport industrial park on 125 acres that is consistently at 95 percent occupancy or higher, Partyka said. 

The Sanford Airport Authority is prepared to offer economic development assistance for aviation-related businesses that want to locate on one of the land parcels, he added. 

"That assistance could be through impact fee credits, tax credits or an expedited permitting process. A lot of things could be done to facilitate development, it's all negotiable," Partyka said. 

The Sanford airport also has a $60 million terminal expansion project underway, CSX Rail runs along the perimeter and the property has direct access via Lake Mary Boulevard to state roads 46 and 417.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

Copyright © 2018, GrowthSpotter
78°