(Crystal Proenza is associate editor of Real Estate Florida.)

POLK CITY, FL- Indianapolis, IN-based Browning Investments Inc. has plans to build a warehouse and distribution park totaling 1.3 million sf west of the intersection of State Road 33 and Mount Olive Road, three miles north of Interstate 4. Construction is expected to begin on a speculative 554,000-sf building in February, with completion scheduled for the third quarter of 2009.

The value of the project, named Axcess 4 Logistics Center, is about $75 million at buildout, Dale Pfeifer, director of real estate development for Browning Investments, tells GlobeSt.com. According to Browning, Polk City has waived all impact fees in support of the project, which should accelerate permitting and development for interested tenants.

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