Author Archives: Kristin Fortier

Apopka property sells for eye-catching $90M price tag. Here’s what to know. | Orlando Business Journal

By Steven Ryzewski – Staff Writer, Orlando Business Journal | Oct 3, 2023 | Updated Oct 11, 2023 11:35am EDT

An industrial park in the northwest Orlando suburb of Apopka has sold for an impressive sum.

Orange County records show the Northwest Distribution Center, a 668,800-square-foot industrial property at 1349-1501 Ocoee Apopka Road, sold for $90.55 million on Sept. 28. The center has four buildings ranging from 124,000-207,000 square feet on 45 acres at the northwest corner of State Roads 429, 414 and 451.

Oakmont Industrial Group opened the first phase of the $50 million project in Apopka in 2008 with two buildings, completing the latter two in 2017. The land for the project was bought in 2006 from Maury L. Carter & Associates Inc. for $7.8 million as part of a larger 200-acre assemblage.

Read entire article here: https://www.bizjournals.com/orlando/news/2023/10/03/apopka-northwest-distribution-center-clarion-sold.html?ana=twt

Lake Nona West is one of Orlando’s most anticipated projects. See what stores and restaurants will be drawn to it | Orlando Business Journal

By Steven Ryzewski – Staff Writer, Orlando Business Journal | Oct 11, 2023

From the moment Tavistock Development Co. announced plans for Lake Nona West — its new 405,100-square-foot lifestyle center to be built just west of Lake Nona Town Center — the project became one of the most anticipated in the region.

It has piqued the interest of residents of Lake Nona and its surrounding areas, eager for more shopping and dining options, as well as the interest of the region’s real estate players.

Longtime land broker Daryl Carter — who owns and is in the process of selling land just south of the Lake Nona West project, along Boggy Creek Road — told Orlando Business Journal Tavistock’s newest project has important implications for his own, saying “activity begets activity.”

“Having that nearby to our property, where an apartment developer is looking at putting an $80 million project into the ground — that’s good for us.”

Read entire article here:  https://www.bizjournals.com/orlando/news/2023/10/11/lake-nona-west-tavistock-target-stores-restaurants.html