EASTGROUP TO DEVELOP $5.3M FLA. DISTRIBUTION BUILDING

ORLANDO, FLA. — EastGroup has started construction for the $5.35 million, 76,000-square-foot Southridge IX, a distribution building located in EastGroup's Southridge Commerce Park in Orlando. The building is scheduled for completion in the first quarter of 2012. To date, EastGroup has developed 970,000 square feet of space in Southridge Park, which is currently 100 percent leased.