ORLANDO, FL — Avison Young today announced that it has been selected as the exclusive agent for the sale of the Tradeport Industrial Park Development Site located at 3650 8th Street in Orlando, Fla. Under the oversight of David Duckworth, Vice President of Investment Sales with Avison Young, the 177-acre industrial sales assignment marks the firm’s entrance into the Orlando market.
Strategically situated in the Southeast Orange County Industrial submarket, the Tradeport Industrial Park Development Site is located directly adjacent to Orlando International Airport, the nation’s 13th busiest airport. The site is surrounded by Florida’s most highly traveled roadways – Florida’s Turnpike, Interstate 4, and the Central Florida Greeneway – and is just 10 miles away from significant redevelopment in downtown Orlando.
“The Southeast Orange Industrial submarket is the largest submarket within the Orlando MSA,” noted Mr. Duckworth. “It has experienced dynamic absorption over the past three years, and at the current pace, demand will soon exceed the supply of functional product making the Tradeport Industrial Park Site a very attractive opportunity.”
The Orlando MSA’s industrial market occupancy rates have increased by 380 basis points (bps) since 2009 to 90.1% as of mid-year 2013. The Southeast Orange industrial submarket also remains on an accelerated trajectory, increasing a substantial 690 bps since 2009 to 89% as of 2Q 2013.
Avison Young’s South Florida operations provide best-in-class services to local, national and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young and investment sales in South Florida, please contact Mr. Duckworth at (954) 903-1800 or visit www.avisonyoung.com/offices/florida-ft-lauderdale.
Avison Young was a winner of Canada’s Best Managed Companies program in 2011 and the company announced last week that it had requalified in 2012 to maintain its status as a Best Managed company.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,300 real estate professionals in 53 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.