INDUSTRIAL SITE PURCHASED FOR FUTURE DISTRIBUTION WAREHOUSE

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ORLANDO, FLA. — Columbus, Ohio-based Cypress Lake Properties has acquired a 5.1-acre industrial site in southeast Orlando, from Chicago-based CalEast Industries, for $1.4 million. The property is located at 1611 Cypress Lake Dr. The buyer plans to develop an 83,000-square-foot distribution warehouse building on the site. George Livingston and Christie Alexander of NAI Realvest’s Orlando office negotiated the transaction.

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