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Lowe's Plans 1.2M-SF Distribution Center

ORLANDO-The estimated $60 million warehouse would be the second largest industrial structure of its kind in Central Florida, next to the 1.5 million-sf distribution center leased by Kmart in Ocala, FL.

By Alex Finkelstein | Updated on December 20, 2002

ORLANDO-Area industrial real estate brokers tell GlobeSt.com Lowes Cos. of Wilkesboro, NC plans to break ground in 2003 on the second largest distribution center in Central Florida–a 1.2 million-sf complex to be built for an estimated $60 million near the Poinciana Industrial Park in Osceola County. The company continues to vie with Atlanta-based Home Depot Inc. for dominant market share in metro Orlando

County officials and planning department staffers couldn’t confirm to GlobeSt.com when Lowes will do the deal that would bring 600 new jobs to the area.

“Everybody in the market is talking about this deal but nobody, including Lowe’s, has given anybody a firm go-ahead yet,” a county staffer tells GlobeSt.com on condition of anonymity. Lowe’s officials couldn’t be reached by press time.

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