Opus-South Buys $1.56M Tract for Spec Warehouse

ORLANDO- In what appear to be signs of a rejuvenated industrial investment and development market in Central Florida, Rebman Properties Inc. of suburban Maitland, FL has brokered five sales and leasing transactions in the past 45 days, totaling $3.03 million in land sales and an estimated $3.02 million-sf lease.

Minneapolis-based Opus-South Corp. purchases 11.56 acres in south Orlando’s 178-acre Crownpointe Commerce Park for $1.56 million or $134,988 per acre ($3.10 per sf). The developer plans to break ground this month at the Sand Lake Road site on a spec 203,125-sf cross-dock warehouse, even though the vacancy level in metro Orlando’s 85.9 million-sf industrial inventory is 12.1%, according to Cushman & Wakefield of Florida Inc.

Orlando-based SDE Logistics Inc. is leasing a 201,600-sf warehouse at 7575 Chancellor Drive in Orlando Central Park for five years at an estimated aggregate rent of $3.02 million. Rebman Property president Roger Rebman represented SDE. John McRae and Gregg Ickes of Trammell Crow Co.’s Orlando office negotiated for warehouse owner CH-VAF Orlando Joint Venture.