Members of the Skinner family, known for their long ties in Florida’s agri-businesses, have teamed up with commercial real estate company Property Theater to transform a large chunk of long-time dormant land near DeLand’s airport into a bustling industrial park.
DeLand Arborcultural Inc., led by Bryant B. Skinner Jr. and his younger brother, Russell, own about 160 acres located northeast of where Glenwood Road (C.R. 4088) and State Road 11 intersect. The brothers, Property Theater and the City of DeLand are working together to bring an estimated 850,000 square feet of new commercial development to the area.
Partner Justin Clark, a broker at Property Theater, told GrowthSpotter one of the major components for the proposed DeLand Airport Industrial Park development is the extension of the Eidson Drive roadway to S.R. 11.
“We believe once the road opens up, the site will become much more active,” Clark said. The property owners plan to donate about 10 acres of land for right-of-way, and nearly 100 acres for conservation, leaving about 60 acres for development.
Clark said there’s potential to carve out between 15 to 20 lots on the property that range from about two to 10 acres. The lots can be sold to investors or users that want to own and occupy the buildings, he said. The development partners are also offering built-to-suit options and can help work out 1031 exchange deals.
One of the lots on the southern tip of the project is under contract to an outdoor storage operator, Clark said.
Construction of the road is slated to begin first thing next year and will be funded through grant money from the Florida Department of Transportation. Once complete, users will be able to take advantage of close proximity to the airport and easy access onto S.R. 11, which connects to major roadways like US-17 North and US-92 East, Clark said.
Zev Cohen & Associates is a consultant on the project.
Records show DeLand Arborcultural Inc. bought the property in the 1990′s through an auction.
“Bryant Skinner is one of the most creative, forward thinking land buyers I’ve ever known,” Clark said. “He bought the property for the long-term.”
Other companies with a presence nearby include the kidney disease and dialysis company DaVita.
The second and third phases of the Portland Industrial Park, include a second distribution center (similar to Amazon’s) and several smaller commerce buildings with up to 125,000 square feet of space each.