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Intercontinental Real Estate Corp. Acquires 711K-SF Distribution Center in Lakeland
Cushman & Wakefield has arranged the sale of Dragstrip Logistics Center, a 710,962-square-foot distribution center located in Lakeland. The sales price was not disclosed.
The buyer, Intercontinental Real Estate Corp., acquired the property on behalf of one of its managed funds. Located at 8100 State-Road 33, the property is centrally located between Tampa and Orlando and features a cross-dock design with 146 dock-high doors, 40-foot clear heights, 185-foot truck court depths plus 60-foot concrete aprons, 183 trailer drops, 858 van stalls and ESFR fire protection.
Mike Davis, Rick Brugge, Stewart Calhoun, Rick Colon, Casey Masters, Dominic Montazemi and Zachary Eicholtz of Cushman & Wakefield represented the seller, Ackerman & Co., in the transaction.
“The Dragstrip Logistics property represents the best of what central Florida has to offer, a state-of-the-art distribution facility in a location suited for state-wide logistics in one of the fastest growing states in the country,” said Brugge.
- ◦Acquisition
