(Carl Cronan is editor of RealEstateFlorida.)

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DAVENPORT, FL-AMB Property Corp. plans to triple its industrialspace near the Interstate 4-US 27 interchange after leasing theremaining space in its initial building there. The SanFrancisco-based developer aims to start construction on threebuildings totaling 800,000 sf at its AMB Four Corners Business Parkthis fall.

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The newly completed AMB Palmetto Distribution Center, totaling406,000 sf, is now at capacity after Kuehne + Nagel leased 141,000sf on behalf of nearby Walt Disney World, which will use the spacefor remote storage. Best Buy Co. preleased 265,000 sf in thewarehouse last summer while it was under construction.

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AMB recently bought its next 52-acre site, south of I-4 alongHome Run Boulevard near the former Boardwalk and Baseball amusementpark. The company is now seeking entitlements for the first450,000-sf to be built there, according to Jay Cornforth, seniorvice president and managing director of AMB's East Region.

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"There is very limited industrial land at that location, so wefeel very fortunate that we were able to pick up this great pieceof land," Cornforth tells GlobeSt.com. He adds that competingindustrial developers have either secured or are scouting sitesfarther west along I-4 or south on US 27, as the interchangecontinues to develop into a statewide distribution hub.

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AMB has more than 1.8 million sf of industrial space in itsOrlando portfolio, which includes Davenport, and plans another800,000-sf development near Orlando International Airport inaddition to its Four Corners project. It also has approximately sixmillion sf of operating and development space in South Florida,making it that market's largest industrial landlord, Cornforthsays.

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With more than 150 million sf worldwide in 14 countries, AMB isfocused on major gateway distribution markets and seeks to developindustrial space at or near ports and airports, Cornforth says. Thecompany's solid financial position allows it to seek sites fordevelopment in markets where it anticipates future growth, beyondthe current economic downturn, he says.

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"We're a long-term owner and take a long-term view, and the landpositions being acquired are very strategic," he says. "We look atthis as an opportunity to replenish our pipeline with fewercompetitors for land."

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