Dalfen Industrial has purchased a 243-acre undeveloped parcel in Orlando, where it has plans for a 2.8 million-square-foot speculative industrial project.
The 243-acre parcel is situated along State Road 417 near the interchange with Lee Vista Boulevard in southeast Orlando.
“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 Jared Bonshire, senior director on Cushman & Wakefield’s Industrial team, which arranged the sale. “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.”
The first building is scheduled for completion in the fourth quarter of 2021.
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 i