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Situated on 35 acres, Topline Logistics Facility totals 457,000 square feet and features 36-foot clear heights, 95 dock doors, four drive-in doors and 110 trailer parking spaces.
Retail and offices will be located on the bottom floor, and apartments and condominiums will be located on the upper floors.
The facility was completed in the second quarter of 2023 and built on an existing 8.95-acre RV and boat storage facility.
The property was 85 percent leased at the time of sale.
During the June 20 Kissimmee City Commission meeting, developer TRJCorley LLC asked the city for $147,826 through the Vine Street Community Redevelopment Agency Pioneer Project Incentive Program.
NexPoint currently owns 1.6 million net rentable square feet of industrial real estate across Texas and Florida and is partnering with Basis Industrial to manage the newly acquired properties.
The team joins CBRE from Cushman Wakefield.
The borrower, a joint venture between Sovereign Properties and Invest Capital Group, plans to open first units at the garden-style property in October 2024.
The new property is located near Ocala and is designed to bring the Cuentas Casa concept of sustainability, accessibility, and affordability to an increasingly expanding market.
Rian Smith, Kris Courier, and Josh Tarkow with CBRE Industrial & Logistics represented the owner, Leon Ocala Holdings IV, in lease negotiations.
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