First Industrial Realty Trust Developing Four Buildings at First Loop Logistics Park in the Orlando Market
Posted on August 11, 2021
Kissimmee, Fla. (August 10, 2021) – As the industrial asset class shows no signs of slowing, Chicago-based First Industrial Realty Trust, Inc. recently announced the construction start on a 343,811 square-foot Class-A industrial park along the Orange and Osceola County border in Kissimmee, Florida. Foundry Commercial will provide leasing services for the development.
Located at the intersections of North John Young Parkway and Regatta Bay Boulevard in the Loop/Tupperware submarket, First Loop Logistics Park represents the first Orlando-area development for First Industrial, a leading owner, operator, and developer of industrial real estate with approximately 5.7 million square feet of logistics properties currently under development across the nation’s top markets.
“First Loop Logistics Park is well-positioned to serve a wide range of businesses looking for a well-located, infill location that also has access to several nearby amenities,” said Chris Willson, Executive Director of First Industrial Realty Trust. “We are excited to be adding four quality buildings to our portfolio and will continue to explore new investment opportunities in order to expand our presence in the Central and South Florida markets.”
Comprised of four distinct dock-high warehouse buildings, First Loop Logistics Park is expected to be delivered in summer 2022. The buildings, all rear-load, range in size from 71,337 square feet to 106,943 square feet. Located adjacent to the popular Loop retail development along Osceola Parkway, the park is well-suited to industrial users looking for convenient access to major thoroughfares and access points.
“With only a select few active industrial developments occurring in Osceola County, one of the fastest-growing counties in the country, we’re thrilled to be teaming up with First Industrial to provide leasing services for First Loop Logistics Park,” stated Justin Ruby, SIOR, CCIM, Principal with Foundry Commercial. “Situated in an infill location, with plenty of access to both available labor and primary roadways, First Loop Logistics Park offers the flexible design and efficiency options sure to appeal to a variety of companies.”