First tenant signed at Florida Gulf Coast 75 Logistics Center
The Floridant/10216525

FORT MYERS, Fla. - Floridant -- Dakota Premium Hardwoods has leased a 75,000-square-foot industrial space at Florida Gulf Coast Logistics Center in Punta Gorda. The national lumber provider is the first tenant to sign a lease at the 378,000-square-foot warehouse logistics center being constructed on the grounds of the Enterprise Charlotte Airport Park.

This will be the company's eleventh location in the U.S. and first location in Florida. The development, located at 9450 Piper Road in Punta Gorda, is being built by Equus Capital Partners.

Dan Miller of Colliers represented the landlord, Equus Capital Partners, LTD. Rian Smith of CBRE represented the tenant.

"The Punta Gorda market has emerged as the new epicentre for this type of distribution project," said Dan Miller, Executive Managing Director of Colliers. "It's a good location to serve all of Florida as a regional distribution center, with Sarasota County to the north and Collier County to the south. The growth we're seeing in Southwest Florida, specifically Punta Gorda, also makes it a strong location for last-mile distribution."

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Equus Capital Partners chose the location because of its proximity to Tampa, Naples and Fort Myers. According to market data, 5.5 million people live within two hours of Punta Gorda. In addition, there are very few industrial properties with more than 200,000 square feet of space available in the Southwest Florida market.

Dakota Premium Hardwoods will build out the space to meet its warehouse and distribution needs.

"This property is considered a high-quality distribution property with lots of space to move product freely," said Miller. "Because it's new construction, the space will also be built to meet their exact needs."

Construction on Dakota Premium Hardwoods' space is expected to be completed in September 2023. The remaining 303,000 square feet of space in Florida Gulf Coast Logistics Center will also be delivered in the third quarter of 2023.

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Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.5 billion and $81 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.