CBRE industrial specialists David Murphy, William Tew and Kevin Hoover have the leasing and selling assignment. The park is zoned for 20 million sf of commercial/industrial.

Land at the park is selling for an average $2 per sf or about $87,120 per acre. The largest landowner in the park is Lockheed Martin Corp. with 200 undeveloped acres purchased in 1987.

Expected to close by year end is a contracted 37-acre deal for a 200,000-sf distribution center planned by Dallas distributor Sierra Stone Inc. The estimated contract price is $3.22 million or about $2 per sf.

The park's broker of record, Sam Evans, is talking with four major users, one of whom may build a 300-acre telecom campus to service that industry's players once the current slowdown in the telecommunications sectors turns up again.

Evans is also negotiating with several other prospective tenants for a total one million sf.

The Orlando Business Park partnership bought ICP in March of this year for $17.9 million cash. The price equates to $6,172 per acre or about 14 cents per sf. The partnership is a joint venture of Oakridge Investments Inc., Dallas; Excel Legacy Corp., San Diego; and David Roan, Austin, TX.