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ORLANDO, FLA. — Chicago-based First Industrial Realty and the California State Teachers’ Retirement System (CalSTRS) have acquired 134 acres in Orlando for the development of First Park Groveland. The industrial park will be adjacent to the Christopher C. Ford Commerce Park, along Highway 27. Initial plans include build-to-suit and speculative facilities or land parcel sales to strategic corporate customers. David Murphy and Kevin Hoover of CB Richard Ellis arranged the land transaction.