Becknell Orlando LLC, an affiliate of Champagne, IL-based Becknell LL, will be developing the property for Kraft. Becknell paid the 1,350-acre park $1 million or $123,294 per acre ($2.83 per sf) for the 8.5-acre parcel.
The warehouse is expected to be operating by year end. Kraft is vacating a smaller property at 3851 Center Loop in northwest Orlando.
Chicago-based Craig Kouri Architects is designing the center. Hartrich Construction LLC of Chicago is the general contractor. Bob Stout of Orlando-based ComTech Properties negotiated for Becknell with S. Paul Sabga, the park's president.
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.
