POINCIANA, FL-Nursery Supplies Inc. of Chambersburg, Pa. is constructing a $4.5 million structure on a 25-acre site in the 1,200-acre Poinciana Industrial Park, Osceola County, about 20 miles south of Downtown Orlando. About 150 new local jobs will be available when the asset opens in February.
ORLANDO-CB Richard Ellis Inc. is earning a $400,000 fee for marketing the utility rainwater runoff site valued at an estimated $75 million or $227,272 per acre ($5.21 psf). Developers are salivating at the prospect of bidding on the dirt which will open a new commercial vista across tourist-heavy International Drive and the development-intense Lake Bryan area.
ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.
ORLANDO-Central Florida companies closed on three of the top 15 second-quarter transactions in the state. Tantivy Communications of Melbourne led the pack, attracting $55 million.
ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.
ORLANDO-Orange County taxpayers will be paying half the cost of a $100 million Interstate 4 interchange that is largely in neighboring Osceola County where the bulk of Walt Disney World's 30,000-acre empire is located. But Orange County, which takes in metro Orlando, will be collecting at least $110 million a year in total property taxes from the theme park giant. That will more than cover the county's $51 million charge for the new road.
ORLANDO-The alternative phone company still has until Aug. 31 to complete a deal with Cavalier Telephone Inc. of Richmond, Va. and Conversent Communications of Marlboro, MA.
ORLANDO-Stung by the largest jury verdict ever levied at an entertainment company, Walt Disney Co. is filing an appeal this week with the Fifth Circuit Court of Appeal in Daytona Beach. Disney will ask for a reduction of the Aug. 11, $240 million award to All Pro Sports Camp Inc. and a new trial.
ORLANDO-Lake Buena Vista and International Drive inns continue to drive Central Florida's 100,000-room market with occupancies in the mid-80s, but daily rates in June fell in four tourist areas.
