Major Industrial Lease In Apopka Bucks Trend As Orlando Vacancy Hits 10-Year High
A tenant signed a 10-year lease for a 283,170-square-foot facility located at 5101 Wesley Road.
A tenant signed a 10-year lease for a 283,170-square-foot facility located at 5101 Wesley Road.
The development represents a significant investment in the local industrial market and is anticipated to bring new jobs and economic activity to the area.
Sitework on the new infill logistics warehouse development is expected to commence in the first quarter with plans to go vertical later this fall and a projected substantial completion slated for the first quarter 2026.
Ronald J. Rogg, CCIM represented the seller in the transaction. The transaction marks Rogg’s 59th flex sale representing over 9.0 million square feet and $1 billion in sales.
Colliers’ Executive Vice President Michael Falk and Associate Corey Walewski represented ownership in the lease transactions.
The transaction marks the Orlando market’s second-largest industrial transaction since the beginning of 2024.
Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi of C&W represented the seller in the sale transaction in collaboration with the Space Coast-based leasing team of Mike Moss and Michael Moss II at Lightle Beckner Robison, Inc., who has been retained by new ownership to continue leasing the property.
In addition to this industrial park, Tavistock is moving forward with permitting for an even larger project across from Lake Nona West and south of Medical City.
The transaction was brokered by JLL’s Luis Castillo, Cody Brais, and Taylor Osborne.
Dalfen plans to significantly expand its presence in the Florida market over the next 12 months.
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