{"id":1004102724,"date":"2014-08-22T13:01:16","date_gmt":"2014-08-22T21:01:16","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=286186"},"modified":"2022-03-03T19:27:28","modified_gmt":"2022-03-04T03:27:28","slug":"trader-joes-buys-76-acre-brownfield-site-for-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/","title":{"rendered":"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center"},"content":{"rendered":"

\"\"<\/a>Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced.<\/p>\n

Although the company did not name the buyer in the announcement released on August 15, the Orlando Business Journal<\/a><\/em> learned that Trader Joe\u2019s East Inc. had the property under contract for several months as it finalized plans and incentives to build a new regional distribution center in the Aero Park Brownfield Area.<\/p>\n

Consolidated-Tomoka reported the transaction was worth close to $7.8 million. This translates to $103,000 per acre resulting in an estimated gain at closing of approximately $3.8 million. An additional gain of approximately $400,000 will be recognized as certain road improvements are completed over the next six months. As part of the seller\u2019s contractual agreement with Trader Joe\u2019s, the Daytona Beach-based real estate firm proposed to prepare the pad site for vertical construction, costing around $2.1 million. In connection with this deal, Consolidated-Tomoka received $400,000 from the CEO Business Alliance as reimbursement for a portion of the pad site costs.<\/p>\n

According to the Business Journal, the buyer plans to build an $80 million, 800,000-square-foot warehouse and distribution center as part of the grocer\u2019s growth strategy in Florida. The facility will service current and future grocery stores, bringing 450 jobs to the area with an average wage of $40,075. Additionally, 100 related wholesale transportation\/logistics jobs will be created.<\/p>\n

Image source: traderjoes.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced. <\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1493],"tags":[1815,39399],"class_list":["post-1004102724","post","type-post","status-publish","format-standard","hentry","category-latest","category-orlando","tag-national","tag-orlando"],"acf":[],"yoast_head":"\nTrader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center\" \/>\n<meta property=\"og:description\" content=\"Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-22T21:01:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T03:27:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/orlando.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center\",\"datePublished\":\"2014-08-22T21:01:16+00:00\",\"dateModified\":\"2022-03-04T03:27:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/\"},\"wordCount\":234,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/orlando.jpg\",\"keywords\":[\"National\",\"Orlando\"],\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/\",\"name\":\"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/orlando.jpg\",\"datePublished\":\"2014-08-22T21:01:16+00:00\",\"dateModified\":\"2022-03-04T03:27:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/orlando.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/orlando.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\",\"name\":\"Balazs Szekely\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ea1f85d2af7c0f5d50529126ca4816b84db1c71b7a8a620cda11a7d0dc8c8767?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ea1f85d2af7c0f5d50529126ca4816b84db1c71b7a8a620cda11a7d0dc8c8767?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ea1f85d2af7c0f5d50529126ca4816b84db1c71b7a8a620cda11a7d0dc8c8767?s=96&d=mm&r=g\",\"caption\":\"Balazs Szekely\"},\"description\":\"Balazs covers the workspace trends, tools, and strategies that help organizations make hybrid work actually work, from access and space management to keeping distributed teams connected. A journalist by training with a career spanning radio, print, and digital media, Balazs has held content roles across multiple Yardi products and teams. His writing has been featured in The New York Times, The Washington Post, and The Wall Street Journal, as well as on CBS, CNBC, and more. Outside of work, Balazs is passionate about photography, winter sports, and nature, and never misses a chance to explore a new city. Drop him a line via email.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/\"],\"jobTitle\":\"Senior Creative Writer\",\"worksFor\":\"WorkCafe\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/balazs-szekely\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/","og_locale":"en_US","og_type":"article","og_title":"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center","og_description":"Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced.","og_url":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-08-22T21:01:16+00:00","article_modified_time":"2022-03-04T03:27:28+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/orlando.jpg","type":"","width":"","height":""}],"author":"Balazs Szekely","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/"},"author":{"name":"Balazs Szekely","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/623e95293ca6c6791bedc7473f548d7f"},"headline":"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center","datePublished":"2014-08-22T21:01:16+00:00","dateModified":"2022-03-04T03:27:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/"},"wordCount":234,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/orlando.jpg","keywords":["National","Orlando"],"articleSection":["News","Orlando"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/","url":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/","name":"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/orlando.jpg","datePublished":"2014-08-22T21:01:16+00:00","dateModified":"2022-03-04T03:27:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/623e95293ca6c6791bedc7473f548d7f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/orlando.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/orlando.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/trader-joes-buys-76-acre-brownfield-site-for-distribution-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Trader Joe\u2019s Buys 76-acre Brownfield Site for Distribution Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/623e95293ca6c6791bedc7473f548d7f","name":"Balazs Szekely","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ea1f85d2af7c0f5d50529126ca4816b84db1c71b7a8a620cda11a7d0dc8c8767?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ea1f85d2af7c0f5d50529126ca4816b84db1c71b7a8a620cda11a7d0dc8c8767?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ea1f85d2af7c0f5d50529126ca4816b84db1c71b7a8a620cda11a7d0dc8c8767?s=96&d=mm&r=g","caption":"Balazs Szekely"},"description":"Balazs covers the workspace trends, tools, and strategies that help organizations make hybrid work actually work, from access and space management to keeping distributed teams connected. A journalist by training with a career spanning radio, print, and digital media, Balazs has held content roles across multiple Yardi products and teams. His writing has been featured in The New York Times, The Washington Post, and The Wall Street Journal, as well as on CBS, CNBC, and more. Outside of work, Balazs is passionate about photography, winter sports, and nature, and never misses a chance to explore a new city. Drop him a line via email.","sameAs":["https:\/\/www.linkedin.com\/"],"jobTitle":"Senior Creative Writer","worksFor":"WorkCafe","url":"https:\/\/www.commercialsearch.com\/news\/author\/balazs-szekely\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004102724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004102724"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004102724\/revisions"}],"predecessor-version":[{"id":1004554468,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004102724\/revisions\/1004554468"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004102724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004102724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004102724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}