Transwestern To Build One Of The State’s Largest Speculative Industrial Developments In Central Florida
Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
The three recent acquisitions total just under $20 million dollars.
CBRE’s Chris Riley represented TDC and a real estate fund advised by Crow Holdings Capital in the transaction.
The shell buildings sold for approximately $127 per square foot.
The state-of-the-art automated warehouse will introduce Kroger’s innovative shopping experience to central Florida, a new market for the nation’s largest grocery retailer, while also extending its reach and capabilities in online ordering and home delivery.
The 80-acre property is under contract.
Cushman & Wakefield’s Equity, Debt and Structured Finance team secured $102 million in acquisition financing through PIMCO on behalf of the buyers.
Colliers’ Joe Rossi and Nick Hanson brokered the transaction.
A hearing is scheduled for July 20 for the city of Orlando’s municipal planning board.
The company plans a ground up development of a multitenant industrial facility measuring approximately 200,000 and is beginning preconstruction leasing efforts for delivery in late 2022.
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