The state agreed to contribute $1.26 million and the county $65,000 to pave a three-foot-wide road that will open 20 acres at the struggling 2,900-acre International Corporate Park in south Orlando where locally based WinDoor Inc. plans to build a 100,000-sf manufacturing warehouse.
The road-paving project would keep WinDoor from relocating its 100 employees to Valdosta, GA where that city is offering a large economic incentives package, according to county officials. The park and WinDoor agreed to pay the remaining $735,000 cost of the road paving.
For International Corporate Park, even a $2-million road deal will help the property in its 20-year-old attempt to attract industrial and office tenants, local industrial brokers who follow the park's progress, tell GlobeSt.com. The park, one of the largest in the metro area, is about 25% occupied.
In the largest industrial deal of its kind in June 2004, Grosse Pointe Development Co. of Fort Myers and Bouwfonds Property Finance Co. the Netherlands paid Dallas-based Oakridge Investments Inc. $41.5 million, or $17,291 per acre, for International Corporate Park, as GlobeSt.com previously reported. The park is 12 miles southeast of Downtown.
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