Country Fresh currently operates out of an 18,000-sf center at 3620 Princeton Oaks in west College Park, an Orlando suburb. The new center, expected to break ground by Feb. 1, will be expandable to 80,000 sf.
Industrial land values in metro Orlando are flat, Trevor W. Hall Jr., vice president, Colliers Arnold Orlando, tells GlobeSt.com. "The market is somewhat soft but not out of balance," Hall says.
Raw land values are in the $6,000 per acre to $11,000 per acre range (14 cents per sf to 25 cents per sf).
Land prices at some Orlando area full-service parks are averaging $100,000 per acre or $2.30 per sf, various park operators tell GlobeSt.com. The 500-acre Christopher C. Ford Industrial Park in nearby Lake County is 99% sold out at $35,000 per acre or 80 cents per sf.
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