Parkway and Silverpeak broke ground on the expansion of Lakeland Central Park, signaling the launch of construction for its second phase. The $750 million total project spans 740 acres and will ultimately deliver up to five million square feet of Class A industrial space. 

Key elements of the expansion include: 

· New Industrial Facility (LCP 300): Construction of a 261,000-square-foot cross-dock industrial building, located at 1735 Winston Park Blvd. Berkadia secured a $40.67 million construction loan for the warehouse.

· Pad-Ready Sites: With Phase 2 infrastructure complete, every site in the park will be ready for immediate development, offering parcels from 162,000 to 1,650,000 square feet and ensuring faster delivery for tenants. 

Since acquiring the site in an off-market transaction in December 2019, Parkway and Silverpeak have advanced a phased development strategy, starting with Phase 1 infrastructure and delivery of a 705,000-square-foot, Class A cross-dock facility (LCP 200), which recently sold to Ashley Furniture (photo).