Trailhead Logistics Park: One of States Largest Speculative Industrial Developments
October 22, 2021
OCALA, FLA. – Transwestern Development Company (TDC®) and its joint venture partner, QuadReal Property Group, announce plans to develop a 943,426-square-foot warehouse on a 64-acre parcel off Interstate 75 and exit 341 in Ocala, Florida. Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
One of the largest speculative warehouses to ever be built in Florida, Trailhead Logistics Park is designed to meet the needs of big-box users in a region with limited availabilities for large blocks of industrial space. The project features cross-dock design, tilt-wall construction, 40-foot clear height, ESFR sprinklers, and ample car parking and trailer storage.
“Ocala’s connectivity to Florida’s major highway systems provides convenient access to the state’s 21 million consumers, making it an ideal fit for a company expanding its logistics operations,” said Steve Kros, Regional Partner at TDC. “Equally important, the market’s demographics can comfortably meet the labor requirements of a large distribution center in this surging market.”
Located 15 miles south of downtown Ocala, Trailhead Logistics Park is in driving distance of Tampa, Orlando and Jacksonville. Upon completion, it will add to Central Florida’s 260 million square feet of industrial inventory occupied by users including Amazon, Walmart, Dollar Tree, Ace Hardware, Chewy.com, Best Buy, Medline, Home Depot, PepsiCo, HCA Healthcare and Publix.
In 2020, the Central Florida region’s industrial market posted 10.7 million square feet of positive net absorption. As of third quarter of 2021, the vacancy rate stands below 6%.
Recently, TDC sold University Park at Bridgewater, a 713,000-square-foot warehouse at 6200 State Road 33 N. in Lakeland, Florida. Boston-based AEW Capital Management purchased the property, which was 100% leased to HCA Healthcare, underscoring investor demand for modern, large-block warehouse and distribution space in Central Florida.
At present, TDC has 34 industrial projects totaling 18.4 million square feet under construction or in pre-development planning stages nationwide, including more than 5 million square feet in the Southeast.
Jared Bonshire, David Perez and Taylor Zambito with Cushman & Wakefield and Bartow McDonald IV with SVN Florida are overseeing leasing efforts.
Renderings available for download here.
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $61.2 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates value through the execution of development projects for itself, its partners and valued clients throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $7.1 billion.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Nataly Torres
713.270.3334
nataly.torres@transwestern.com
twmediarelations@transwestern.com
