Foundry Commercial and Stockbridge Close on Second Speculative Development at Lakeside Logistics Park in Hillsborough
Posted on June 9, 2021
Plant City, Fla. (June 7, 2021) – Positioned in one of the fastest-growing industrial corridors between Tampa and Orlando, Foundry Commercial and Stockbridge today announced closing on the second speculative development at Lakeside Logistics, a 1,000-acre industrial park located just 22 miles east of Tampa and 56 miles southwest of Orlando.
Kicking off the second phase of Lakeside Logistics, development of two buildings totaling 414,000 square feet will commence in May. Lakeside Logistics is situated just 1.5 miles south of Interstate 4 (I-4), the major highway that cuts directly across the Central Florida region and directly off U.S. Highway 92, a primary thoroughfare running through Polk, Hillsborough, and Pinellas counties. Lakeside Logistics marks the tenth project developed by Foundry Commercial.
“The I-4 corridor continues to be attractive to logistics users looking to cover a broader population base. Diminishing options for speculative industrial development in East Tampa together with explosive growth in Plant City and Lakeland is paving the way for developments of this nature,” stated Moses Salcido, SIOR, Managing Director/Principal of Development for Foundry Commercial. “The second phase of Lakeside Logistics provides an institutional-grade option for both local and regional distribution needs for these markets.”
The first phase of Lakeside Logistics was recently delivered, featuring a 36’ clear, 505,160-square foot, cross-dock warehouse distribution facility. Foundry Commercial plans to develop additional phases at Lakeside Logistics, which – when finished – will total over 1 million square feet. To date, Foundry Commercial has developed over 8 million square feet in the industrial asset class, with another 6 million currently under development.
For continuing project updates as Phase II gets underway, visit lakesidelogistics.info.