700K SF Business Park Slated for Apopka

Standard Real Estate Investments is making an equity investment in the Apopka Business Center via its $150 million investment vehicle. Located at 444 Hermit Smith Rd. on a 79-acre industrial site, in the Apopka submarket of Orlando, the project will be developed by developer Trammell Crow Company and include three buildings. The first phase of Apopka Business Center is expected to be completed in 1Q 2025.

The first phase of the Apopka Business Center will consist of two shallow-bay, 32-foot clear, rear-load buildings totaling 267,000 SF. The layout will provide flexibility for a variety of tenants, with the ability to build office spaces on the end caps, as well as in-line. The shell building is being delivered with storefronts in place and will be able to serve tenants as small as 20,000 square feet. The second phase of the park has the flexibility to accommodate a fully permitted 450,000-square-foot build-to-suit tenant, or can be repositioned for two shallow-bay buildings.