Cushman & Wakefield has arranged the $41.2 million sale of CenterState West, a newly built 440,000-square-foot distribution center located in Lakeland, Florida. Rick Brugge, Mike Davis, Rick Colon, Dominic Montazemi, Zachary Eicholtz and Brooke Tulley of Cushman & Wakefield represented the seller, a joint venture between Brennan Investment Group and Grandview Partners, in the transaction. Nuveen Real Estate acquired the property.
“Centrally located between Tampa and Orlando, Lakeland offers quick access to two major Florida markets in less than an hour,” Brugge said. “CenterState West is conveniently located along the Interstate 4 corridor, one of the fastest growing warehouse and distribution hubs in the state of Florida due to its logistical advantages.”
Located at 8054 State Road 33N, the state-of-the-art building sits on 43.98 acres and includes 115 dock doors, 36’ clear height, 120’-130’ truck court depths with 60’ concrete aprons, 172 trailer parking spaces, and ESFR fire protection.