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Transactions - JUNE 30, 2021

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Ascentris and Foundry Commercial sell Florida industrial property

by Released

Ascentris has sold Lakeside Logistics, a newly constructed, 505,000-square-foot, class A bulk industrial property located in Plant City, Fla., along the I-4 Corridor, the primary interstate connecting Tampa and Orlando, Fla. A sales price was not disclosed.

Ascentris partnered with Foundry Commercial, an Orlando-based real estate investment and development company, to develop Lakeside Logistics. Ascentris and Foundry successfully completed construction of the property in mid-2020 and sold the property to an undisclosed buyer in shell condition.

The 505,000-square-foot cross-dock building features state-of-the-art construction including 36-foot clear heights, ESFR fire protection, 185-foot deep truck courts, 150 trailer parking spaces, and over 300 auto parking spaces. Located along the I-4 Corridor, Lakeside Logistics offers centralized access to the Tampa and Orlando markets in less than 60 minutes and has the ability to reach more than 9 million people, or over 40 pe

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