Cushman & Wakefield has arranged the sale of a 243-acre undeveloped parcel in Orlando, where buyer Dalfen Industrial has plans for a 2.8 million-square-foot speculative industrial project.
As the first true bulk development in the city of Orlando, the Class A asset will be able to accommodate users from 500,000 square feet to 1.5 million square feet, and will be economically competitive with other bulk development markets such as nearby Davenport and Lakeland.
The Cushman & Wakefield Industrial Team of Senior Director Jared Bonshire, Senior Director David Perez and Senior Brokerage Coordinator Taylor Zambito represented Dalfen Industrial in acquiring the land from The Brunetti Organization, with additional assistance from the Capital Markets Team of Vice Chairman Mike Davis, Executive Managing Director Rick Brugge and Director Rick Colon. Bonshire, Perez and Zambito will also handle leasing for the asset.
Dalfen Industrial is one of the nation’s largest buyers of industrial real estate and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen Industrial currently owns and operates millions of square feet of premier industrial properties throughout the Unites States and in Canada.
The 243-acre parcel is situated along State Road 417 near the interchange with Lee Vista Boulevard in southeast Orlando. The site falls within Orlando’s Airport/Lake Nona submarket, which is one of the largest and most in-demand industrial submarkets in Central Florida.
“With this project, Dalfen Industrial is satisfying a strong need in Orlando, as there are a limited number of development projects in our market geared toward bulk users,” said Bonshire. “While there are projects of this scale along the I-4 Corridor, in Davenport, Apopka, and Lakeland, this development is the first of its kind for Orlando.”
Added Perez, “For any bulk occupier needing space to access the over 2.5 million people in the Orlando MSA, this is their opportunity.”