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Wal-Mart Fingered as Mystery Developer in 1.2 Mil-SF Industrial Build

LEESBURG, FL-The retailer plans to buy 200 acres from the city for $1.6 million to build a warehouse/distribution center. Construction costs are pegged at $60 million.

By Alex Finkelstein | Updated on September 25, 2000

LEESBURG, FL-This Lake County city of 40,000 residents, 45 miles northwest of Downtown Orlando, is about to be home to the second largest warehouse/distribution center in Central Florida–a 1.2 million sf, estimated $60-million project for Wal-Mart Stores Inc.

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.

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