Rivian Service Center In Orlando’s Prime Industrial Corridor Sold For $16.8M
JLL Capital Markets arranged the sale of a newly renovated 34,938-square-foot industrial facility located at 4000 Shader Rd.
JLL Capital Markets arranged the sale of a newly renovated 34,938-square-foot industrial facility located at 4000 Shader Rd.
The company is moving operations from South Florida to Central Florida, drawn by cost advantages and access to Florida’s key logistics corridors.
CBRE’s Tyler Kuhlman and Luke Hansen represented the seller in the transaction.
Zenith was represented by Ryan Griffith and CJ Griffith of Lee & Associates.
The buyer plans to develop Orlando Infill Logistics Center on the 168.3-acre property, located on Wetherbee Road near Orlando International Airport.
The transaction was brokered by Felipe Escobar of APEX Capital Realty, who represented TerraMap Properties throughout the process.
The firm purchased the 209,000-square-foot property for $33.25 million.
John Huguenard, Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL represented the seller, Scannell Properties, in the transaction. Goldman Sachs Alternatives was the buyer.
Once fully developed, Lakeland Central Park will offer up to five million square feet of industrial space, positioning it as a major logistics and distribution hub in Central Florida.
David Murphy and Monica Wonus with CBRE represented the owner in the transaction. Danielle Beyer and David Perez with Cushman & Wakefield represented the tenant.
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