Turano Baking Co. & Karis Cold Acquire 114 Acres Of Land Near Osceola Parkway For $23.5M

A commercial bread company and a cold storage developer have jointly acquired 114 acres of land near the Osceola Parkway - Florida's Turnpike interchange in Kissimmee. The property, known as the Constellation Planned Development, was rezoned last year for industrial use. The sale price for the transaction was $23,500,000. Turano Baking Co. purchased 55 acres, while Karis Cold, a private investment and development company specializing in cold storage, bought 68 acres.

Summary of transation details

• Property Type: Land
• Transaction Amount: $23,500,000
• Address: Osceola Parkway
• Market: Kissimmee
• Asset Type: Land
• Acres: 114

The buyer of the property is Turano Baking Co., a commercial bread company. Karis Cold, a private investment and development company specializing in cold storage, acted as the seller. The deal was facilitated by Jared Bonshire from Cushman & Wakefield.