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News release

ORLANDO, FL

JLL Tapped to Lease Florida’s Largest Premier Intermodal Logistics Center

The 932-acre inland port will consist of 8 million square feet of build-to-suit industrial development


ORLANDO, April 20, 2016 – JLL (NYSE: JLL) is pleased to announce it has been selected as the exclusive broker for the Central Florida Intermodal Logistics Center, one of the nation's Top 10 Inland Ports located at the center of population in the state of Florida. Adjacent to CSX Winter Haven Intermodal, the 932-acre project is planned for 8 million square feet of industrial development, including the immediate availability of a Class A, high-bay distribution facility totalling 407,400 square feet.    

JLL Senior Vice Presidents Joe Hills and Josh Lipoff and Vice Presidents Ryan Burrows and Steve Ostrowski will serve as the exclusive leasing team. They will be joined by Managing Director and Leader of JLL’s Port, Airports and Global Infrastructure Practice, Mark Levy and Managing Director Keith Stauber. The planned intermodal logistics hub will consist of 8 million square feet of industrial and distribution space with build-to-suit space opportunities ranging from 200,000 square feet to 1.8 million square feet. A class A distribution facility totalling 407,400 square feet is already available for leasing.  

“As we look at factors such as population growth, demand for faster access to goods and increasing e-commerce, the Central Florida Intermodal Logistics Center will play an integral role in the future of Central Florida as a major hub for getting goods to all major population centers in the state,” said Hills. “Target users include those seeking connectivity to neighboring ports, access to the region’s customer base and build-to-suit space that can meet their long-term logistics needs.” 

Given its strategic location and land availability, Central Florida is poised to become the center point for distribution in the state over the next five to 10 years. Providing highway access via I-4, US 27 and SR 60, the Central Florida Intermodal Logistics Center will encompass 932 acres of state-of-the-art industrial development. The project site is adjacent to the CSX Winter Haven Intermodal, an innovative facility that features loading tracks and arrival and departure tracks with the capacity to process 300,000 containers annually and the ability to increase capacity in the future.

“Maritime access, port connectivity and rail access are all critical factors for an intermodal logistics center at a time when half of all retail sales are happening online,” explained Levy. “Companies are increasingly looking to enhance efficiencies related to distribution and being able to access multiple markets from a chief distribution point will be key as they plan ahead.” 

“We look forward to working with JLL’s experienced industrial leasing team, which has extensive expertise in inland port projects, to lead our leasing strategy at the Central Florida Intermodal Logistics Center. This project has the potential to become a major economic driver for Central Florida in the years ahead,” said Michael Mullen, senior advisor of Winter Haven Industrial Investors. “We are investing in creating a central logistics hub for Florida that can serve the state’s increasing population and its growing demand for goods and services.” 

Across the US, JLL is representing other major inland port projects, including Tradepoint Atlantic, a 3,100-acre project in Maryland that is considered the largest redevelopment of its type currently taking place in the nation, RidgePort Logistics Center in Illinois totalling 1,500 acres suitable for 18 million square feet of industrial space and Paramount Logistics Park, a 1,650-acre park totalling 26 million square feet of industrial space under development in California.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.