LBA Logistics Acquires Lee Vista Business Center In Orlando For $120M

The Lee Vista Business Center, comprising 635,684 square feet of industrial space across four buildings, located at 7455 Emerald Dunes Drive in Orlando, was sold for $120 million. The property spans 81 acres and was a strategic acquisition due to its proximity to Orlando International Airport, making it an attractive location for distribution tenants.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $120,000,000
• Buyer: LBA Logistics
• Seller: Luke J. Petherbridge - Link Logistics
• Market: Orlando
• Square Footage: 635,684
• Price per Square Foot: $189

LBA Logistics, based in Irvine, CA, completed the purchase of the Lee Vista Business Center from Luke J. Petherbridge of Link Logistics. The acquisition highlights their interest in expanding their industrial portfolio and leveraging the property's strategic location for potential future development opportunities.