Ridge Development Breaks Ground On 490,000 SF Spec Industrial Project

Ridge Development, the industrial development arm of Transwestern Development Co., has commenced construction on a 245,000-square-foot Class A, distribution building − the first of two buildings in a new 46.5-acre business park called Lakeland Logistics Center. The speculative building is slated for delivery by year-end, and the second 245,000-square-foot building is currently available as a build-to-suit opportunity. Located at 2011 – 2211 W. Memorial Blvd. in Lakeland, the project is owned by a joint venture between Ridge Development and AEW Capital Management. AEW is developing the project on behalf of one of its separate account clients.  

“With a combination of Lakeland’s historically low vacancy rate and high demand from users offering same-day delivery to customers, Ridge is confident the speculative development will lease up quickly,” said Steve Kros, executive vice president at Ridge. “These buildings will be ideal for large-scale retailers or distributors looking to service a wide customer base within 24 hours.”

Lakeland Logistics Center is situated within two miles of Interstate 4 near the intersection of U.S. Highway 92 West and Wabash Avenue. This central location between Tampa and Orlando gives tenants access to 8.8 million people within a 200-mile radius and allows for same-day delivery to any location in Florida. Each building is divisible to 44,000 square feet and features front-load or cross-dock capability, 74 dock doors, 32-foot clear height, 45 trailer parking spaces and a 6-acre staging base for trailer storage or parking. Leasing services are being provided by Julia Silva Rettig, Jeff Lamm, Jared Bonshire and David Perez of Cushman & Wakefield.

————————

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

Click Here To Subscribe Today!

]]>