61 Acre Kennedy Campus Sells for $10,400,000
The 61-acre site, commonly known as Kennedy Campus, sold on August 31. The Seller, Kennedy Campus, LLC purchased the site in 2010 for approximately $4 million.
The Buyer, BSD-LB, LLC, is an affiliate of Blue Steel Development based out of Lakeland, Florida.
There are 2 buildings on the property, designated for industrial/warehouse use, and consisting of over 193,600 square fee. The property is located near the northwest corner of LB McLeod Road & President Barack Obama Pkwy, in Orlando, Orange County, Florida.
Documents filed with the City of Orlando Planning & Zoning Department reveal applications filed with the City seeking approval for development of a larger industrial park with 4 buildings totaling over 404,000 square feet of building area.
According to public records filed contemporaneously with the sale documents, Valley National Bank loaned $5,200,000.00 to the Buyer.
Chirag B. Kabrawala, Esq.