Central Florida Industrial Property Trades For $25 Million
The acquistion marks the buyer’s first in Central Florida.
The acquistion marks the buyer’s first in Central Florida.
Once fully developed, Lakeland Central Park will offer up to five million square feet of industrial space, positioning it as a major logistics and distribution hub in Central Florida.
The 280,000-square-foot facility was fully leased at the time of sale.
Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Sara Bravo and Jasmine Yarbrough of Cushman & Wakefield have been tapped to lease the project.
The site that will be developed into three Class A buildings totaling 777,200 square feet.
Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
Skye Cook, Brad Torell, Jared Bonshire, David Perez, Taylor Zambito, Rick Colon, Mike Davis and Rick Brugge of Cushman & Wakefield represented GES in the transaction.
The Cushman & Wakefield Investment Sales team of Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Zachary Eicholtz and Ryan Jenkins, in conjunction with the Industrial Leasing team of David Perez and Jared Bonshire, represented the seller, a partnership between IP Capital Partners and Blue Vista Capital Management, in the transaction. CLICK ON THE HEADLINE FOR MORE
Liberty Property LLP last sold the asset in November 2015 for $35,500,000. CLICK ON THE HEADLINE FOR MORE
Cushman & Wakefield has been retained to lease the speculative development. CLICK ON THE HEADLINE FOR MORE
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