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Amazon Big-Box Trades in Central Florida for $106M
The e-commerce giant holds a long-term commitment at the recently completed facility. Apr072021
Image courtesy of Cushman & Wakefield
On the heels of making its debut in Los Angeles County with a $74 million purchase, Boston-based Intercontinental Realty Corp. picked up another Amazon-leased warehouse, this time in Lakeland, Fla.
Seller Ackerman & Co. the original developer of the 710,962-square-foot building dubbed Dragstrip Logistics Center pocketed more than $106 million for the recently constructed Class A asset, according to the
Tampa Bay Business Journal. The buyer purchased the distribution center for one of its managed funds. Amazon’s commitment at the property stretches over 10 years.