Cushman & Wakefield announced the firm has been exclusively awarded the 1,085,280-square-foot leasing assignment for the Florida Crossroads Logistics Center, a recently delivered distribution building located off Interstate 75 and US 27 in Ocala, Florida.
The team of Lisa Ross, Trey Carswell and Sam Korolos at Cushman & Wakefield are overseeing leasing efforts for the entire property on behalf of owners Red Rock Developments and LXP Industrial Trust. This is Red Rock Development’s third speculative building in Central Florida.
“This Class A distribution building provides a unique opportunity to form a hub or expand presence in a strategic location that is accessible to the rest of the Southeast. We expect strong interest from many potential tenants looking to take advantage of Ocala’s logistics and labor benefits and look forward to working with ownership to identify users best suited for the property and all it has to offer,” said Ross, Managing Director at Cushman & Wakefield.
“The combination of strong labor numbers, a central location between Miami and Atlanta, and a very supportive local government makes Florida Crossroads Logistics Center a true diamond in the rough for users looking to distribute to the Southeastern United States,” added Carswell, Managing Director at Cushman & Wakefield.
Florida Crossroads Logistics Center is just minutes from Interstate 75 and the Florida Turnpike. This central Florida location provides access to nine major Southeast U.S. ports and over 34 million residents. The building on-site offers 40-foot minimum clear height, cross dock loading, 210 dock high doors, four drive-in doors, dedicated spec office space, off dock parking for up to 393 trailers, and is available for immediate occupancy.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
About Red Rock Developments
Red Rock Developments is a privately held real estate development and investment company headquartered in Columbia, SC, with a regional office in Charlotte, NC. Our core competency is in the industrial/distribution sector focused on strategic, gateway markets throughout the United States. Red Rock has developed over 30 million square feet of Class A industrial and office space and continues to grow its platform. Red Rock’s areas of expertise include build-to-suit/lease, speculative development, and industrial park/land development. The company currently has industrial projects located throughout the Southeast, Mid-Atlantic and Midwest regions. Additional information can be found at redrockdevelopments.com.
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant warehouse and distribution investments in key U.S. logistics markets, primarily the Sunbelt and Midwest, with high growth potential. Through its multi-channel investment strategy, which includes acquisitions, development and build-to-suit opportunities, LXP have the flexibility to pursue a variety of income and growth opportunities focused on the industrial sector. For more information or to follow LXP on social media, visit www.lxp.com.