The estimated hard construction cost of the project is $12 million. A ground-breaking date hasn't been announced. Projected rents are $4 per sf to $6 per sf.

Duke-Weeks' decision to build in Lakeland is factored by the seven million people living within 100 miles of the park. The Polk County park is 20 miles from Tampa and 60 miles south of Downtown Orlando.

Lakeland Interstate Business Park 1, the building's name, will offer 38 dock doors, 28-foot ceilings, six entries, and parking for 147 vehicles.

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.