ORLANDO-The Pelliconi Group of Bologna, Italy signed a seven-year lease for an 86,000-square-foot warehouse/manufacturing building in Indianapolis-based Duke Realty Corporation’s Parksouth distribution center in south Orlando. The nine-year-old building is one of eight in the 995,000 square foot park, which is built out. The facility will be Pelliconi’s first in North America.

The Pelliconi Group, which makes bottle caps, crowns and closures for the bottling industry all over the world, will make caps at the Orlando facility for various Nestle Waters brands, including Zephyr Hills and Deer Park, says Robert Blackwell, principal with Orlando-based NAI Realvest, who represented Pelliconi in the deal.

Although Tim Perry, senior leasing and development representative for Duke Realty in Orlando, declined to say what rental rate Pelliconi is paying, he says that rents, in general, in the Orlando industrial market have dropped 25% to 30% since 2007.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


© 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.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.