The largest commercial distribution center between Orlando and Tampa is the 1.5 million sf facility used by Kmart in Ocala, FL, about 80 miles northwest of Downtown Orlando.

Commercial real estate brokers familiar with the deal tell Globest.com city that commissioners are expected to vote on the proposal this week. Neither the city nor Wal-Mart would confirm or deny the world's largest retailer is the mystery developer in a deal that has been rumored for months.

Wal-Mart is reported to be buying 200 acres for the distribution cente in the city-owned, 826-acre sprayfield and water treatment center near County Road 470 and the Florida Turnpike in the hamlet of Okahumpka. Leesburg owns the sprayfield, which is located in Okahumpka.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 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.