NAI Realvest’s Jason Toll Secures 12,000 SF Industrial Deal
The deal was completed and fully executed within just 60 days of Realvest’s engagement.
The deal was completed and fully executed within just 60 days of Realvest’s engagement.
The park, developed by McCraney Property Company and Tavistock Development Company, currently spans 1.3 million square feet across nine Class A buildings.
This second facility will include 51,977 square feet of warehouse space, 2,018 square feet of office space, 32-foot clear heights and 62 parking stalls.
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.
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