MDH Partners Inks 351 KSF Lease at Central Florida Facility

BroadRange Logistics currently occupies more MDH-owned facilities in different states, such as Pennsylvania, Indiana and Georgia. Image courtesy of MDH Partners

MDH Partners has signed a 350,899-square-foot lease at Ocala Logistics Center, an industrial building in Ocala, Fla. BroadRange Logistics will occupy the whole facility. Avison Young Principal and Managing Director Clay Witherspoon represented the owner, while Strategic Real Estate Partners Principal John Gosnell worked on behalf of the tenant.

MDH acquired the 27.9-acre development site for Ocala Logistics Center in January 2022 and broke ground on the project a few months later. In March 2022, the developer took out a $20 million construction loan from BMO Bank, CommercialEdge data shows.

Completed this February, the cross-dock distribution center features 36-foot clear heights, a 180-foot truck court, a 60-foot speed bay and 96 trailer stalls. The property also features 100 dock-high loading doors, six dock levelers, four drive-in doors and 196 car parking spaces.

Located at the corner of NW 35th St. and NW 27th Ave., the property is 81 miles from downtown Orlando, Fla., and 98 miles from downtown Tampa, Fla. Orlando International Airport is within 89 miles, while the Port of Tampa is roughly 99 miles southwest.

The Ocala submarket has more than 23 million square feet in its industrial inventory. Notable properties in the area include IP Capital Partners and Torchlight Investors’ 1.9 million-square-foot warehouse. The duo purchased the facility in 2021 from Reich Brothers for $126.5 million.

Earlier this year, the joint venture between Stonemont Financial Group and US Capital Development has completed Topline Logistics Center, a 465,540-square foot speculative industrial building. That warehouse is less than 2 miles from Ocala Logistics Center.

Leave a Reply

Your email address will not be published. Required fields are marked *