Future phases in Ocala South Logistics Park will bring 1.4 million total square feet of Class A, dock-high industrial space to a 93-acre parcel in the Florida Crossroads Commerce Park.
CrossMarc Services will handle leasing and management functions for the retail center.
The deal was part of a four-commercial-property acquisition in Florida and Texas, as well as the refinance of two of its current commercial properties in Florida. The complex transaction, which totaled $220 million, closed on November 30.
The 362,710-square-foot flex property was formerly Orange Blossom Mall.
On July 15, Basis Industrial broke ground on the 126,741-square-foot, state-of-the-art self-storage facility featuring 955 climate-controlled units, advanced security systems, and other amenities.
Williams will oversee and grow the firm’s several business lines in the Orlando market, including insurance, investment sales, capital advisory, leasing, project management and property management.
The City of Apopka is looking at 2.6 million more square feet of warehouse space in areas around the municipal airport.
Ferguson Plumbing Supply has been the tenant in both of these buildings since 2006. The purchase price of these buildings, around $50 per square foot, was less than the land value alone.
Discussion topics will include the Live Local Act, Real Property Fraud and Foreign Interests In Real Property, presented by Attorney Kathleen Hugo, Attorney Anna Long and Senior Commercial Underwriting Counsel Alan McCall.
Average triple-net lease rents have reached $10.77 per square foot, representing a 62.9% increase since 2019.