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Article: Developers buy Orange County, Fla., industrial park for $41.5 million.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 24, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jack Snyder, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Jun. 24--International Corporate Park, a failed industrial park that lay fallow in east Orange County since the mid-1980s, has been sold for $41.5 million to investors who plan to develop a mixed-use project of homes, shops and offices.
Grosse Pointe Development Co. of Fort Myers was the buyer in partnership with Dutch investors.
Robert D. Hensley, Gross Pointe principal, said the investors "are prepared to start immediately."
The 2,400-acre property will be developed by Orlando International Corporate Park LLC, a partnership of Gross Pointe and ...