Funds controlled by Loci Fund II GP, an affiliate of Loci Capital Group, have structured a joint venture with RealtyLink Development for the development of a 174,000-square-foot build-to-suit industrial building for a leading U.S. home builder. The development site consists of 39 acres in Haines City, Fla., approximately 20 miles east of Lakeland and 35 miles southwest of Orlando. The building will have strong access to major corridors, including Interstate 4 to the north and Highway 27 to the west.
Loci has cited the project’s credit tenant, the simplicity of construction, the strength of its joint venture partner, and the attractive development spread for a pre-leased industrial project as key factors for pursuing the investment alongside RealtyLink. Closing of the land and joint venture occurred in Apr
