{"id":1004456878,"date":"2020-06-17T02:50:18","date_gmt":"2020-06-17T10:50:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004456878"},"modified":"2020-06-17T06:59:14","modified_gmt":"2020-06-17T14:59:14","slug":"mcdonald-development-sells-orlando-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/","title":{"rendered":"McDonald Development Sells Orlando Industrial Asset"},"content":{"rendered":"<div id=\"attachment_1004456911\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004456911\" data-attachment-id=\"1004456911\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/sandlake-building-featured\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\" data-orig-size=\"800,620\" 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;1&quot;}\" data-image-title=\"Sandlake Building featured\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Sand Lake Commerce Center. &lt;i&gt;Image courtesy of Cushman &#038; Wakefield&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg?w=800\" class=\"wp-image-1004456911 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004456911\" class=\"wp-caption-text\">Sand Lake Commerce Center. <em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p><\/div>\n<p>LBA Logistics, an Irvine, Calif.-based industrial real estate investment and management firm, has expanded its Florida holdings with the acquisition of Sand Lake Commerce Center in Orlando, Fla., for $26.4 million. LBA purchased the two-building, Class A, 230,117-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/sior-cre-market-confidence-slightly-higher\/\">industrial asset near Orlando International Airport<\/a> from the owner and developer, McDonald Development Co.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/orlando-commercial-real-estate-wrap-up-may-2020\/\">Orlando Commercial Real Estate Wrap-Up \u2013 May 2020<\/a><\/p>\n<hr>\n<p>Sand Lake Commerce Center, located at 7705-7725 Winegard Road, near the intersection with Sand Lake Road, was completed in December 2019. The property is situated on a 20.3-acre site and has a vacant retail outparcel on a hard corner. Features include tilt wall construction, 28-foot to 30-foot minimum clear heights, ESFR fire protection, three-phase power, a shared tuck court with 60-foot concrete aprons and tinted glass with aluminum storefronts.<\/p>\n<p>Mike Davis of Cushman &amp; Wakefield said in prepared remarks that Sand Lake Commerce Center provided a rare opportunity to acquire a Class A industrial asset in Orlando. He noted the property had robust interest from investors who were seeking infill last-mile industrial buildings. Davis was among the Cushman &amp; Wakefield team members who arranged the sale on behalf of McDonald Development. He was joined by Rick Brugge, Rick Colon, Mark Hardee and Zach Eichholtz.<\/p>\n<p>Colon said in prepared remarks the modern construction and Sand Lake Road frontage provided a clear leasing advantage over competition in the area, where industrial assets were built in the 1980s and 1990s. The property was in contract to sell during the construction period and was 20 percent leased at the time of closing.<\/p>\n<h2><strong>Company deals<\/strong><\/h2>\n<p>McDonald Development has been active in the <a href=\"https:\/\/www.commercialsearch.com\/news\/orlando-commercial-real-estate-wrap-up-april-2020\/\">Orlando industrial market<\/a>. In 2016, Cushman &amp; Wakefield, including Davis and Brugge, represented McDonald when it sold LeeVista Business Center, a 479,100-square-foot warehouse and distribution center adjacent to Orlando International Airport, to Colony Capital for $47.9 million. In April 2018, McDonald Development contracted with Cushman &amp; Wakefield | Thalhimer to market the 458,754-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-market-sc-industrial-development\/\">Carolina Commerce Center<\/a>, a Greer, S.C., property the firm was building near the Greenville\/Spartanburg Airport on nearly 43 acres.<\/p>\n<p>Last year in March, LBA Logistics, which also owns industrial sites in Jacksonville, Fla., and Winter Park, Fla., acquired 3771 Channel Drive, a 624,356-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/lba-logistics-buys-sacramento-industrial-property\/\">warehouse and distribution center in West Sacramento, Calif.,<\/a> from Sacramento Foodco Investors in a private deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &#038; Wakefield arranged the $26.4 million sale of Sand Lake Commerce Center, a two-building Class A property near Orlando International Airport.<\/p>\n","protected":false},"author":1068,"featured_media":1004456911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1493],"tags":[32799,44981,39915,36244,36245],"class_list":["post-1004456878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-orlando","tag-cushman-wakefield","tag-lba-logistics","tag-mcdonald-development","tag-mike-davis","tag-rick-brugge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>McDonald Development Sells Orlando Industrial Asset - 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\/mcdonald-development-sells-orlando-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McDonald Development Sells Orlando Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield arranged the $26.4 million sale of Sand Lake Commerce Center, a two-building Class A property near Orlando International Airport.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/\" \/>\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=\"2020-06-17T10:50:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-17T14:59:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/\",\"name\":\"McDonald Development Sells Orlando Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\",\"datePublished\":\"2020-06-17T10:50:18+00:00\",\"dateModified\":\"2020-06-17T14:59:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Sandlake-Building-featured.jpg\",\"width\":800,\"height\":620,\"caption\":\"Sand Lake Commerce Center. Image courtesy of Cushman & Wakefield\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcdonald-development-sells-orlando-industrial-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"McDonald Development Sells Orlando Industrial Asset\"}]},{\"@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\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. 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