LAKELAND, Fla. (Dec. 29, 2015) – As the I-4 corridor continues to be a prime focus for industrial development, a 112-acre land parcel located at I-4 exit 38 near Florida Polytechnic University has sold. The buyer plans to build Class A distribution centers to accommodate companies that require 200,000 to over 1 million square feet of space. This is the largest speculative industrial project in Lakeland in nearly a decade.
The seller, RG-Lakeland LLC, an entity of New York-based The Rockefeller Group, was represented by Edward Miller, CCIM, SIOR; Dolores Seymour, CCIM, MCR, SIOR; and Deborah Mickler, CCIM, SIOR of Colliers International Tampa Bay. The buyer is Big Acquisitions LLC, an entity of Brennan Investment Group, a private real estate investment firm based in Rosemont, Ill.
Brennan Investment Group acquires, develops and operates industrial properties nationwide, and previously worked on the development of a nearby land parcel off I-4 that is now successfully operating as First Park at Bridgewater. That park is fully occupied at over 2 million square feet.
“This is a massive project for Lakeland and a significant endorsement for the I-4 corridor,” said Colliers’ Miller. “This development together with recent market activity confirms Lakeland’s place as a growing distribution market of national importance.”
The land is located at 3401 Old Polk City Road in Lakeland, near I-4 Exit 38.
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