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Ashley Furniture Industries Acquires 705K SF Industrial Facility In Lakeland For $71M

Property Image
SOLD
$71,000,000
Taylor Zambito
Jared Bonshire
David Perez
+ 3

Florida

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Industrial705,000 SF
Sold
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SOLD

Ashley Furniture Industries Acquires 705K SF Industrial Facility In Lakeland For $71M

1415 Winston Park Boulevard

See Similar Deals
Industrial705,000 SF
Sold
Taylor Zambito
Jared Bonshire
David Perez
+ 3
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:705000 SF
Transaction Type:Sale

A 48-acre industrial asset located at 1415 Winston Park Boulevard in Lakeland has been sold for $71,000,000. The facility encompasses 705,000 square feet, resulting in a price per square foot of $101.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $71,000,000
  • Buyer: Ashley Furniture Industries
  • Seller: Jim Heistand - Parkway; Kaushik Amin - Silverpeak
  • Brokers: David Perez, Jared Bonshire, Lisa Ross, Trey Carswell, Taylor Zambito & Ryan Hubbard - Cushman & Wakefield
  • Lender: Wells Fargo
  • Sale Price: $71,000,000
  • Square Feet: 705,000
  • Price per Square Foot: $101

The transaction involved Parkway and Silverpeak selling the industrial facility to Ashley Furniture. Proceeds from this sale are designated to support the second phase of the 740-acre Lakeland Central Park, which includes a 260,000 square foot speculative project and new infrastructure connecting to I-4.

Players

David Perez
Cushman & Wakefield
David Perez
8 deals$169.2M volume
BROKER
Jared Bonshire
Cushman & Wakefield
Jared Bonshire
7 deals$170.5M volume
BROKER
Taylor Zambito
Cushman & Wakefield
Taylor Zambito
5 deals$103.5M volume
BROKER
Trey Carswell
Cushman & Wakefield
Trey Carswell
2 deals$93.5M volume
BROKER
Lisa Ross
Cushman & Wakefield
Lisa Ross
2 deals$93.5M volume(813) 760-3209
BROKER
Ryan Hubbard
Cushman & Wakefield
Ryan Hubbard
5 deals$71M volume(407) 541-4390
BROKER
SP
Silverpeak Real Estate Partners
BROKERAGE
Parkway
Parkway
SELLER
Wells Fargo
Wells Fargo
LENDER

Details

SOLD
IMAGE: Jared Bonshire, Taylor Zambito, Jim Heistand, Lisa Ross, Kaushik Amin, David Perez, Ryan Hubbard & Trey Carswell DATE: 05/29/2025 ADDRESS: 1415 Winston Park Boulevard MARKET: Lakeland ASSET TYPE: Industrial ~ ACRES: 48 BUYER: Ashley Furniture Industries SELLER: Jim Heistand - Parkway; Kaushik Amin - Silverpeak BROKERS: David Perez, Jared Bonshire, Lisa Ross, Trey Carswell (@Carswell.Trey), Taylor Zambito & Ryan Hubbard - Cushman & Wakefield (@CushWake) LENDER: Wells Fargo (@WellsFargo) SALE PRICE: $71,000,000 SF: 705,000 ~ PPSF: $101 NOTE: Parkway and Silverpeak sold a 705K SF industrial facility at Lakeland Central Park to Ashley Furniture for $70.5M, with Cushman & Wakefield brokering the deal. Proceeds will fund phase two of the 740-acre park, including a 260K SF spec project and new infrastructure connecting to I-4.

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