(Carl Cronan is editor of Real EstateFlorida.)

|

DAVENPORT, FL-Addison, TX-based Mattress Giant has signed alease for 83,864 square feet of industrial space with Duke RealtyCorp. at its Park 27 Distribution Center II, near the interchangeof Interstate 4 and US 27 in eastern Polk County. The new$5.4-million center will consolidate distribution to 123 retaillocations throughout Florida.

|

The lease will bring the 396,740-square-foot distribution centerto 92% occupancy, says Doug Irmscher, senior vice president of DukeRealty's Orlando office. Park 27 can ultimately support 1.2 millionsquare feet of bulk distribution space, he says.

|

Dan Younkman, executive vice president of sales with MattressGiant, says the new facility will bring 26 new jobs to the area andgenerate an estimated $750,000 in yearly wages and benefits. "Beingable to leverage Polk County's geographic location to better meetthe needs of our customers, while making a positive impact on thelocal economy, makes this a win-win for us all," Younkman stated ina release.

|

Mattress Giant was represented in lease negotiations by JeffYork of York Property Co. and Reggie Beavan of Dallas-based Jackson& Cooksey. Kyle Armentrout, senior leasing representative withDuke Realty, represented Park 27.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.