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ORLANDO—Dalfen Industrial has purchased a 243-acre undeveloped parcel here, where it has plans for a 2.8 million-square-foot speculative industrial project. As the first true bulk development in the city of Orlando, the Class A asset will be able to accommodate users from 500,000 square feet to 1.5 million square feet, and will be economically competitive with other bulk development markets such as nearby Davenport and Lakeland.
The 243-acre parcel is situated along State Road 417 near the interchange with Lee Vista Boulevard in southeast Orlando. The site falls within Orlando's Airport/Lake Nona submarket, which is one of the largest and most in-demand industrial submarkets in Central Florida.
Cushman & Wakefield arranged the sale, and has been retained to lease the speculative development.
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