{"id":1004192632,"date":"2017-10-04T08:20:16","date_gmt":"2017-10-04T16:20:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192632"},"modified":"2022-12-08T10:11:08","modified_gmt":"2022-12-08T18:11:08","slug":"cbre-to-market-orlando-site-for-industrial-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-to-market-orlando-site-for-industrial-development\/","title":{"rendered":"CBRE to Market Orlando Site for Industrial Development"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004192633\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004192633\" data-attachment-id=\"1004192633\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-to-market-orlando-site-for-industrial-development\/2d-aerial-odc\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg\" data-orig-size=\"2201,1651\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Aerial view of Orlando Distribution Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aerial view of Orlando Distribution Center &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?w=1024\" class=\"wp-image-1004192633 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg\" alt=\"Aerial view of Orlando Distribution Center \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg 2201w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/2D-Aerial-ODC.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004192633\" class=\"wp-caption-text\">Aerial view of Orlando Distribution Center<\/p><\/div>\n<p>Highlands REIT selected CBRE to market the Orlando Distribution Center, one of the last available land sites zoned for industrial development in Southwest Orlando. The 101-acre property offers 4,000 linear feet of frontage on West Sand Lake Road.<\/p>\n<p>Located in the southeast quadrant of West Sand Lake Road and Perimeter Road, the site can accommodate a wide range of industrial uses, including service center and flex with commercial exposure. The tract can accommodate large industrial facilities of up to 800,000 square feet and provide space for the new wave of statewide logistics centers.<\/p>\n<p>CBRE\u2019s Central Florida Industrial Services team of Senior Vice President David Murphy, First Vice President Robert McEwan and Senior Associate Monica Perez are leading marketing efforts on behalf of the owner. Highlands REIT is an independent, self-advised, non-traded REIT created in 2016 as a <a href=\"https:\/\/www.commercialsearch.com\/news\/pure-play-inventrusts-tom-mcguinness-goes-all-in-on-retail\/\">spin-off of InvenTrust Properties<\/a>, a REIT\u00a0that owns, manages and leases multi-tenant outdoor shopping centers.<\/p>\n<h2>High demand for industrial sites<\/h2>\n<p><em>\u201cWe call this site the \u2018hole in the donut.&#8217; It\u2019s the largest remaining industrial tract in the premier Southwest Orange County submarket and it will provide the buyer with an immediate market-leading position,\u201d<\/em> said Murphy, in prepared remarks. <em>\u201cFrom last-mile capability to e-commerce and high rent-generating industrial park, this site can handle it all. With the proliferation of e-commerce and the demand for industrial property growing exponentially, we\u2019re expecting high interest for this property from industrial developers.\u201d<\/em><\/p>\n<p>The property is close to the Orange County Convention Center and major distribution corridors ideal for statewide delivery. CBRE is marketing the site through Oct. 15, and the buyer will be selected the week of Oct. 16. Recently, <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-tapped-to-market-florida-office-assets\/\">CBRE Capital Markets<\/a>\u00a0also began marketing a portfolio of two office buildings in Miami and Boca Raton, Fla.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlands REIT&#8217;s property can accommodate a wide range of industrial uses, from service center and flex with commercial exposure to large industrial facilities.<\/p>\n","protected":false},"author":240,"featured_media":1004192633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742,1493],"tags":[32789,37850,33161],"class_list":["post-1004192632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest","category-orlando","tag-cbre","tag-highlands-reit","tag-inventrust-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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