BWE Secures Financing For Adaptive Reuse Industrial Facility In Fort Pierce
The 362,710-square-foot flex property was formerly Orange Blossom Mall.
The 362,710-square-foot flex property was formerly Orange Blossom Mall.
On July 15, Basis Industrial broke ground on the 126,741-square-foot, state-of-the-art self-storage facility featuring 955 climate-controlled units, advanced security systems, and other amenities.
Williams will oversee and grow the firm’s several business lines in the Orlando market, including insurance, investment sales, capital advisory, leasing, project management and property management.
The City of Apopka is looking at 2.6 million more square feet of warehouse space in areas around the municipal airport.
Ferguson Plumbing Supply has been the tenant in both of these buildings since 2006. The purchase price of these buildings, around $50 per square foot, was less than the land value alone.
Discussion topics will include the Live Local Act, Real Property Fraud and Foreign Interests In Real Property, presented by Attorney Kathleen Hugo, Attorney Anna Long and Senior Commercial Underwriting Counsel Alan McCall.
Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.
Located at 2140 North John Young Parkway, the industrial site spans 3.53 acres with convenient access to the area’s major highways: I-4 and 408 Expressway. The tilt wall structure is scheduled to be delivered in the first half of 2024.
“This property offers significant upside as the Cape Canaveral port and space coast areas continue to develop around this property. Elon Musk and Jeff Bezos are investing billions in this space coast area and there is very limited supply of industrial properties around the port, said Eric M. Levitt, founder of EML Realty Partners.
Local construction company NEFCO signed a lease for 83,082 square feet of space while Evolution Electric Vehicles will occupy Building 200, plus 71,210 square feet of space in Building 100.
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