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Acquisition of 237k+ sq ft Industrial Warehouse Space in Orlando

GID, a real estate owner and fiduciary that invests in multiple asset classes, recently announced the acquisition of an industrial portfolio in Orlando’s South Orange submarket. The acquisition adds over 237,000 square feet of industrial space to the firm’s industrial platform.

The Central Florida portfolio comprises three buildings and is 100 percent leased to 14 tenants, including the United States Postal Service. The building locations are: 10425 S. Orange Avenue, 523 W. Grant Street, and 444 27th Street.

The building at 10425 S. Orange offers uncommon amenities for comparable shallow bay buildings in the region, including a guard shack and gated truck court, fully fenced perimeter, a heavy-duty backup generator, heavy power, and a large truck-court with trailer parking.

GID plans to update the building exteriors and repave the parking lots, among other improvements.

GID operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With corporate offices in Atlanta, Boston, Dallas, New York City, and San Francisco, GID employs over 1,200 real estate professionals and operates an expansive portfolio of existing and under-development properties valued at over $29.71 billion as of March 2023.

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