BroadRange Logistics presently occupies extra MDH-owned services in numerous states, similar to Pennsylvania, Indiana and Georgia. Picture courtesy of MDH Companions
MDH Companions has signed a 350,899-square-foot lease at Ocala Logistics Middle, an industrial constructing in Ocala, Fla. BroadRange Logistics will occupy the entire facility. Avison Younger Principal and Managing Director Clay Witherspoon represented the proprietor, whereas Strategic Actual Property Companions Principal John Gosnell labored on behalf of the tenant.
MDH acquired the 27.9-acre improvement web site for Ocala Logistics Middle in January 2022 and broke floor on the venture a number of months later. In March 2022, the developer took out a $20 million development mortgage from BMO Financial institution, CommercialEdge information reveals.
Accomplished this February, the cross-dock distribution middle options 36-foot clear heights, a 180-foot truck court docket, a 60-foot pace bay and 96 trailer stalls. The property additionally options 100 dock-high loading doorways, six dock levelers, 4 drive-in doorways and 196 automobile parking areas.
Positioned on the nook of NW thirty fifth St. and NW twenty seventh Ave., the property is 81 miles from downtown Orlando, Fla., and 98 miles from downtown Tampa, Fla. Orlando Worldwide Airport is inside 89 miles, whereas the Port of Tampa is roughly 99 miles southwest.
The Ocala submarket has greater than 23 million sq. ft in its industrial stock. Notable properties within the space embody IP Capital Companions and Torchlight Buyers’ 1.9 million-square-foot warehouse. The duo bought the power in 2021 from Reich Brothers for $126.5 million.
Earlier this yr, the three way partnership between Stonemont Monetary Group and US Capital Improvement has accomplished Topline Logistics Middle, a 465,540-square foot speculative industrial constructing. That warehouse is lower than 2 miles from Ocala Logistics Middle.
