MDH Partners Delivers 350,000 SF Industrial Building In Ocala
MDH Partners announced the completion of Ocala Logistics Center, a 350,878-square-foot, Class-A, speculative distribution building in Ocala.
MDH Partners previously acquired the 27.85 acres of land for Ocala Logistics Center in January. Avison Young leases the property on behalf of MDH Partners. Peak Development Company served as the development manager for the project.
“The completion of Ocala Logistics Center comes at a time when lack of available industrial space is a huge challenge for operators within Central Florida,” said Kate Kilgore Managing Director at MDH Partners. “Healthy tenant demand coupled with record-low vacancy creates a competitive environment for the Ocala market, and we’re eager to welcome a large-scale user to the space.”
Located at the corner of NW 35th Street and NW 27th Avenue, Ocala Logistics Center features 196 parking spaces, 96 trailer drops, ESFR sprinkler systems and 36-foot clear heights. Ocala Logistics Center’s design allows for single or multi-tenant occupancy, and MDH Partners is delivering the project with 2,759 square feet of office, LED warehouse lighting and 6 dock levelers in place, offering prospects immediate occupancy. The facility is located in the Central Florida industrial market with close proximity to I-75 and convenient access to the Florida Turnpike Junction, which routes to major highways throughout the state. Additionally, the property is uniquely positioned with direct access to several airports – including the Tampa International Airport, Orlando International Airport and Jacksonville International Airport – and to major distribution ports on both the Atlantic and Gulf Coast.
According to Colliers, the Central Florida industrial market saw nearly 894,000 square feet of space absorbed in the third quarter of 2022. At the end of the quarter, only 3.5% of the region’s industrial space remained vacant, an all-time low. For the sixth consecutive quarter, the vacancy rate in the market’s industrial properties was under 5%.
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