Property Types Industrial
Rockefeller Plans 1MSF Industrial Park in Florida
Aug 11, 2008
By: Thomas Peretti, Contributing Correspondent

Rockefeller Group Development Corp. has purchased 113 acres in Lakeland, Fla., with plans to develop an industrial park on the site. RGDC plans to build an industrial park of over 1 million square feet on the site, targeting specifically large-scale tenants. The company intends to begin development on the site in early 2009.

The site of the proposed development is the former USA International Speedway in Lakeland, which is located between Tampa and Orlando. RGDC is marketing the property as an opportunity for businesses to connect to the 8.5 million people in the area surrounding the business park. The site has convenient access to major international airports in both Tampa and Orlando, several highways and Florida’s burgeoning ports. Additionally, the site is close to the CSX Intermodal Center, a 5 million-square-foot integrated logistics center in neighboring Winter Haven.

RGDC sees Central Florida as a market on the rise. “Central Florida is quickly becoming a prime distribution center for the state, replacing traditional regional distribution hubs such as Atlanta,” Edgar Jones, vice president & regional development officer, Florida, for RGDC, said in a release. Additionally, the company believes that the growth will be sustained in the future. “We are confident in the long-term potential of Central Florida and will continue looking for other development opportunities in the area,” Jones further noted.

With RGDC’s new development in Florida, the firm will seek to replicate the success it has enjoyed with its portfolios of industrial facilities in New Jersey and California. The firm is based in Manhattan and owns, develops and managers commercial real estate properties, including corporate headquarters, multi-use urban complexes and distribution facilities. RGDC recently secured a government contract through the United State Department of Veteran Affairs to build a community outpatient clinic in Oceanside, Calif.

 
Recent Industrial Headlines
Weichert Commercial Completes Sale of 64,000-SF New Jersey Warehouse
Jan. 08, 2009
Weichert Commercial Brokerage Inc. has completed the sales transaction of a 64,000-square-foot warehouse situated on 1.93 acres located at 225 Scotland Road in Orange, N.J.  Weichert Commercial worked on behalf of both the seller and buyer.
American Apparel Signs 70,000-SF Lease in Orange County
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American Apparel L.L.C. has signed a 10-year lease on 70,000 square feet of space within an industrial property in Garden Grove, Calif.
Heartland Acquires 37 Industrial Acres in Ohio
Jan. 07, 2009
Heartland Inc. has acquired 37 industrial acres in Washington Court House, Ohio, where it plans on building a structural steel service center.
The News: More Shrinkage for U.S., Global Manufacturing Sectors
Jan. 06, 2009
The U.S. manufacturing sector is taking a continuing hit from the contracting economy, according to the Institute for Supply Management’s monthly survey of purchasing managers. A multi-front pullback in activity suggests softening demand for distribution, manufacturing and other industrial space requirements.
Twist David The Expert: Have Los Angeles’ Industrial Real Estate Fortunes Set Sail?
Jan. 06, 2009
Global trade is a major driver of industrial real estate demand. Nowhere is this more apparent than in the Los Angeles Basin, the United States’ gateway for trade with Asia. LAX ranks third in the nation in international air cargo and first in trade with Asia. The ports of Los Angeles and Long Beach comprise 35 percent of the country’s container trade, and the region accounts for more than 12 percent of the nation’s trade by volume.
 
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?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage
 

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