Long an Orphan Annie in a hotbed of surrounding industrialdevelopment activity, the 15-year-old, 2,900 InternationalCorporate Park in east Orange County is getting a second life. Atotal 500 acres are under contract to distribution firms andmanufacturers. The deals are expected to close by year end.
Among those transactions is a contract from Dallas distributorSierra Stone Inc. for 37 acres to build a 200,000 sf distributioncenter. The estimated contract price is $3.22 million or about$87,120 per acre ($2 psf), brokers familiar with the deal tellGlobeSt.com. The sale is expected to close within 90 days.
Sierra Stone distributes quartz countertops manufactured byDuPont Co. and sold under the Zodiaq label. The products will bepolished at the distribution center and delivered statewide.
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