Cushman & Wakefield has arranged the $18 million sale of a 67-acre industrial land site that will be developed into three Class A buildings totaling 777,200 square feet. The development project is expected to be complete in late 2023.
Jared Bonshire, David Perez, Taylor Zambito, and Matthew Trone of Cushman & Wakefield represented the buyer, Karis, in the transaction. The industrial land site was sold by John Schnebly and Craig Wells who are successor co-trustees of the Berrien H Becks Sr Revocable Trust.
The Cushman & Wakefield team has also been retained to oversee leasing efforts for the three-building development project on behalf of the buyer. The project has already attracted potential tenants, which would lead to significant pre-leasing activity for the buildings.
“We are very excited about this transaction for a number of reasons. The most prominent of these is the fact that the buyer believes in the story of Daytona Beach’s distribution potential, which to this point has been intermittent. With new population influx, ease of access to the I-4 corridor, and proximity several east coast freight ports within a four-hour drive time, this area could see a boost in activity over the next five years,” said Bonshire, Executive Director at Cushman & Wakefield.
Located at 1094 S Williamson Blvd., the new three-building development will sit at the intersection of Interstate 4 and the Interstate 95 corridor. The project is being positioned with maximum flexibility in mind and will cater to bulk users in the Central Florida market with cross-dock configurations, up to 100 dock doors and 40-foot clear heights, large truck courts, and plenty of off dock trailer parking.
“We were so excited to be a part of one of the best located developments in Florida. The frontage and access could not be better while connecting the I-4 and I-95. We could not believe it was still available. We are so thankful for our team and the incredible support from the City of Daytona Beach,” said Jake Finley, Founder of Karis.
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