Basis Industrial, One Investment Management Announce $144.6 Million Industrial Portfolio Acquisition, Strategic Joint Venture
The off-market transaction includes two Orlando industrial properties totaling 280,927 square feet.
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The off-market transaction includes two Orlando industrial properties totaling 280,927 square feet.
The recently delivered shopping center totals 190,000 square feet.
Sprouts Farmers Market has already been identified as one of the tenants planned for the redeveloped property.
Bealls currently operates more than 650 locations and reportedly has plans for more than 20 additional stores.
The project would rise northwest of Orlando International Airport, in the Pine Castle area west of Lake Conway, extending the company’s push into one of the region’s most strategically positioned logistics corridors.
The project is planned as a three-phase industrial park totaling approximately 1.4 million square feet across 163 acres.
Cushman & Wakefield Vice Chairs Mike Donaldson and Nick Meoli and Managing Director Greg Rainey represented the seller in its transaction.
Brad Gifford, Associate at NAI Realvest | Charles Wayne, represented the landlord in the retail lease.
The site, located in Christopher C. Ford Commerce Park, is zoned for industrial development and ideally suited for small-bay development.
Cushman & Wakefield’s Jared Bonshire, David Perez, Taylor Zambito and Ryan Hubbard represented Stonemont in the lease negotiations.
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