ORLANDO—One of the region's largest industrial buildings just sold. Lincoln Property Trust sold a 713,585-square-foot industrial property at 8201 Chancellor Drive for $35.5 million.
When Liberty acquired the property in 2010, the drugstore chain CVS had the building under lease. Liberty completed a long-term renewal of the lease with the tenant last year.
"The Orlando industrial market is very healthy, benefitting from a strong local economy," Stephen Whitley, senior vice president and city manager at Liberty, tells GlobeSt.com. "There's a lot of investor interest in the area, and this sale confirms the value and attractiveness of the Orlando market."
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