Murphy feels he has a good shot at filling the two other assets, particularly vacant bulk warehouse space. "New bulk warehouse development appears to have slowed somewhat, subsequent to the completion of two major developments," he tells GlobeSt.com.
Those properties are CrownPointe One and CrownPointe Two, containing 400,000 sf of bulk developed by McDonald Development of Atlanta and Cypress Park East's 365,000 sf developed by CalEast Industrial Development.
"Some developers have begun to focus outside of the Orlando metro area, toward the Interstate 4 corridor between Orlando and Tampa, following the success of such projects as Florida Central Park," a bulk warehouse product developed by Robert Pattillo Properties, Murphy notes.
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
Already have an account? Sign In Now
© 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.
