Boston-based Taurus Investment Holdings has closed on financing for the development of 73.6 acres of land in Orlando, Florida through its subsidiary, Taurus Industrial Development.
Located north of Orlando International Airport, the master-planned industrial park will comprise 950,000 square feet of Class A distribution and warehouse space. The property is also located near the Florida 417 highway with access to Interstate 4, as well as the Florida Turnpike.
The first phase of development will consist of 665,000 square feet of distribution space, including a 378,000-square-foot cross dock facility and two rear load buildings measuring 141,000 and 145,000 square feet. The second phase of the project will be constructed at a later date. Financing for the project was provided by Bank of America.
Last month, Boston-based Taurus made its eighth retail acquisition in Canada with the purchase of the 160,000-square-foot Cookstown Outlet Mall in Ontario. The property includes an enclosed shopping center as well as 125 acres of undeveloped space.