Search
 

Dormant,15-Year-Old Industrial Asset Perking Up

ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.

By Alex Finkelstein | Updated on August 15, 2000

Long an Orphan Annie in a hotbed of surrounding industrial development activity, the 15-year-old, 2,900 International Corporate Park in east Orange County is getting a second life. A total 500 acres are under contract to distribution firms and manufacturers. The deals are expected to close by year end.

Among those transactions is a contract from Dallas distributor Sierra Stone Inc. for 37 acres to build a 200,000 sf distribution center. The estimated contract price is $3.22 million or about $87,120 per acre ($2 psf), brokers familiar with the deal tell GlobeSt.com. The sale is expected to close within 90 days.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.