Parkway and Silverpeak broke ground on the expansion of Lakeland Central Park, signaling the launch of construction for its second phase. The $750 million total project spans 740 acres and will ultimately deliver up to five million square feet of Class A industrial space.
Key elements of the expansion include:
· New Industrial Facility (LCP 300): Construction of a 261,000-square-foot cross-dock industrial building, located at 1735 Winston Park Blvd. Berkadia secured a $40.67 million construction loan for the warehouse.
· Pad-Ready Sites: With Phase 2 infrastructure complete, every site in the park will be ready for immediate development, offering parcels from 162,000 to 1,650,000 square feet and ensuring faster delivery for tenants…