Prime Florida Mall Site Sold for $7.5M

ORLANDO-Central Florida’s industrial investment market is picking up steam, as the Orlando office of Trammell Crow Co. orchestrates the second biggest industrial deal of its kind this year.

Ram Development Co. of Palm Beach Gardens, FL paid Dallas-based 800 SOBT Corp. $7.5 million or $326,087 per acre ($7.49 per sf) for the 23-acre, former DaimlerChrysler AG parts distribution center site, located adjacent to the 2.5-million-sf Florida Mall, the state’s largest shopping center.

Dale Peterson, senior vice president, Trammell Crow Co., teamed with John McRae, senior vice president and John M. Crossman, senior vice president and director of retail investment sales, to close the deal. Peterson calls the Chrysler site at the southwest corner of Sand Lake Road and Orange Blossom Trail in south Orlando “one of Central Florida’s most high-profile locations.”