Newly constructed industrial facility in Lakeland, FL sold for $50 Million
United States, March 24 -- JLL Capital Markets announced the $50 million sale of a 348,740-square-foot, Class A industrial facility located at 5205 Drane Field Rd. in Lakeland, Florida.JLL represented the seller, Stonemont Financial Group, in the transaction. A client advised by MetLife Investment Management, LLC acquired the asset.The newly constructed cross-dock distribution center is situated on 20.9 acres within Lakeland Commerce Center, one of Central Florida's premier logistics parks. The state-of-the-art facility features 36-foot clear heights, 95 dock-high doors, four drive-in doors, 185-foot truck court depths, 206 car parking spaces and 132 trailer parking spaces. The property is 100% leased to LG Electronics USA, a subsidiary of ...
To read the full article or to get the complete feed from this publication, please
Contact Us.