That hub is one of the most sought-after commercial and retail locations in this submarket, area brokers tell GlobeSt.com. The wholly owned subsidiary of Group IV Properties Inc. paid Bethesda, MD-based Lockheed Martin Corp. $2.23 million or $98,455 per acre ($2.26 per sf) for the prime 22.65-acre parcel.

The sale opens up a new development corridor in east Orange County as Lockheed Martin plans to sell all 911 acres surrounding Woodland Lakes. "This property will clear the way for new residential and commercial development along the fast-growing south Alafaya Trail corridor," Orlando Central Park executive vice president Jeff Troan tells GlobeSt.com.

That observation is not lost on Group IV president Gus Sankers who sees an exclusive niche for his company at the site's location, minutes from the East/West Expressway (State Road 429), the new Greeneway and the University of Central Florida.