Walgreen Dumping 552,000 SF on Hard-Hit Industrial Market

ORLANDO-Walgreen Co.’s plans to vacate its 22-year-old, 180-employee distribution center at 2455 and 2467 Premier Row in Orlando Central Park in March and relocate to its 690,000-sf property in Jupiter, FL will likely leave the 552,000-sf building empty for some time, area brokers tell GlobeSt.com.

“While the bulk warehouse tenants were in the market, looking for space in the latter part of 2002, most of these were in the 50,000 sf to 150,000 sf range,” David Murphy, a vice president in the Orlando office of CB Richard Ellis Inc., tells GlobeSt.com.

“The Orlando market typically attracts smaller regional distribution requirements, so it is likely that a creative marketing effort would be required to maximize the amount of prospects that could be generated for these type of buildings,” Murphy says.