DeLuca paid $3.1 million or $37,576 per acre (86 cents per sf) for the dirt at Woodland Lakes Boulevard off Lake Underhill Drive. Lockheed's real estate subsidiary, Orlando Central Park Inc., negotiated the sale.
The Lake Underhill Drive axis already is budding as the area's next commercial/retail hot spot, area brokers tell GlobeSt.com. An estimated one million sf of office, retail, multifamily and general commercial is planned for this submarket, according to preliminary plans filed with the Orange County Planning Department.
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