Samsung SDS America Signs 562,816 Square Foot Lease

Feb 06, 2017 No Comments by

In one of the largest industrial deals in the Orlando market of the last decade, Samsung SDS America signed a 562,816-square-foot lease at 19925 Independence Blvd. in Groveland.

The single-story, 706,722-square-foot industrial building was built in 1999 and will serve as Samsung’s new Southeast distribution headquarters for their appliance division.

The company is relocating from its existing Jacksonville location for the logistical advantages of being in the middle of the Sunshine State.

Josh Lipoff and Joe Hills of JLL represented Samsung, while David Murphy and Monica Wonus of CBRE Group, Inc. represented the landlord, Real Capital Solutions.  Murphy and Wonus both hold the CCIM designation and Wonus is a member of the Florida CCIM Chapter’s Central District.

The building contains the largest block of available warehouse space in the tight Orlando market, where several large projects of up to 1.2 million square feet aren’t scheduled to break ground until later this year or 2018.

 

“It is great to see Orlando’s industrial market benefitting from its strategic location at the nucleus of Florida’s highway systems,” said Liphoff. “The trend for big box warehouse tenants relocating to Central Florida from out of market to be closer to their end customers has been steadily increasing over the past few years, which is a very positive sign of things to come not only within our industry but for the state of Florida’s growing economy.”

 

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