Chicago-based private real estate investment firm Brennan Investment Group has purchased 164.85 acres in Lakeland for an undisclosed price for industrial development.
The site is located at Exit 38 on Interstate 4. With a mile of frontage on I-4, it has more frontage than any other industrial site along the I-4 corridor.
The site plan for a speculative industrial development, to be called the CenterState Logistics Park East, has zoning approval for a total of up to 1.5 million sq. ft. The Park East will feature a cross-dock warehouse, 40-foot clear height, and ample tractor parking.
Brennan plans to begin development of 1 million sq. ft. of space at the CenterState Logistics Park East within the month, with completion expected by the end of 2020.
The company owns over 44 million sq. ft. of industrial property in 29 states. The firm also developed the CenterState Logistics Park West, located less than half a mile from the recently purchased parcel.