LAKELAND, FLA. — Rockefeller Group Development Corp. (RGDC) has acquired approximately 113 acres in Lakeland with plans to build a 1 million-square-foot industrial park.
Located at the former USA International Speedway, the property lies within close proximity to Interstates 4 and 75, the Florida Turnpike, the Tampa and Orlando airports, and the proposed CSX Intermodal Center in nearby Winter Haven.
“Central Florida is quickly becoming a prime distribution center for the state, replacing traditional regional distribution hubs, such as Atlanta,” says Edgar Jones, vice president and regional development officer, Florida, for RGDC. “We are confident in the long-term potential of Central Florida and will continue looking for other development opportunities in the area.”
The park will be targeted to large-scale tenants. RGDC currently has a portfolio of industrial properties in New Jersey and California. Construction is scheduled to begin in Lakeland first quarter 2009.
Edward Miller and Dolores Seymour of Colliers Arnold’s Tampa office represented the Manhattan-based buyer in the transaction. The seller and transaction amount were undisclosed.