JLL Tapped To Sell 4,470-Acre Williams’ Property In Lakeland

JLL announced last Thursday that it has been selected by Williams Acquisition Holding Company, LLC, to oversee the sale of 4,470 acres of land in Lakeland, considered one of the largest sites of developable land available within Central Florida (the “Property” or the “Williams Property”). Situated at the south side of Interstate 4 (I-4), between State Road 33 and Polk Parkway, the Property sits adjacent to the new campus of Florida Polytechnic University, an engineering and technology college that became Florida’s 12^th state university when it opened in 2014. The Property offers immediate access to I-4 from SR 33 and Polk Parkway and is situated between two of the fastest growing cities in the country, Orlando and Tampa.  An internal roadway, consisting of University Boulevard and Research Way, traverses the site from east to west, providing direct access between the Property’s two means of ingress and egress to I-4. The population of Central Florida – from Tampa to Orlando – is expected to increase by nearly 30% before 2030, and the Property is positioned to capture much of that growth.  Of the total site, 2,408 acres are entitled for mixed-use development, allowing for the future construction of residential, commercial, retail, industrial and research park components.   The Property includes almost 3,000 residential units entitled for development.  The brokerage team leading the sales efforts is comprised of JLL Senior Vice President John Dunphy and William McGee III as well as JLL Executive Vice Presidents Scott Cullen and Ronnie Deyo. The large, mostly entitled site presents a rare opportunity for developers, as it is one of the largest contiguous sites in Central Florida with direct access to I-4.  

“The I-4 Corridor is a very desirable market today and has been getting significant attention from national developers, both for residential uses as well as industrial uses. For example, FedEx is currently building a 337,000-square-foot Central Florida distribution hub a few miles from this site.  In addition, a large national retailer is constructing an e-commerce distribution center of over 2,000,000 square feet on the I-4 Corridor.    We expect other large scale tenants to follow suite,” said JLL Senior Vice President John Dunphy. “With this site, developers and future tenants have a unique investment opportunity in an exceptional location.”

The Property’s large size and central location make this a rare development opportunity.  Today there are almost 9 million people within a 100 mile radius of the Property, and this number is expected to grow rapidly.  No other site in central Florida has the combination of size, entitlements, infrastructure and location as the Williams Property.  

“It is truly a once-in-a-generation opportunity,” said JLL’s Deyo.

  On Friday, August 12th, CCIM Central and West Coast Districts will be hosting the I-4 Commercial Real Estate Conference.  CLICK HERE FOR DETAILS  

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