A Lakeland developer is under contract to buy land northeast of South Kirkman and LB McLeod roads for a future industrial project as e-commerce demands have fueled a boom in the real estate sector.
Blue Steel Development LLC plans to buy the 61 acres from Nephron Pharmaceuticals Corp.-related entity Kennedy Campus LLCto build a roughly 450,000-square-foot warehouse, real estate sources told Orlando Business Journal. The deal is expected to be finalized before the end of the month, sources said.
Meanwhile, there’s demand for industrial development in that area, previously said Larry Kahn, senior director of industrial with Tampa-based Franklin Street. That’s due to the site’s location near Interstate 4 and John Young Parkway. “It’s a convenient place to come and go.”