JLL Capital Markets has arranged the $67.7 million sale of Lakeland Commerce Center Buildings 100-300, a three-building industrial portfolio in Lakeland, Florida. MDH Partners acquired the property from Stonemont.
The Class A complex contains approximately 557,100 square feet across three newly constructed industrial buildings. Class A properties generally represent newer, higher-quality assets with modern design, infrastructure and access characteristics.
Lakeland Commerce Center is located on 28.5 acres at 3490 County Line Road in Polk County. The rear-load buildings are situated within a master-planned business park along the County Line Road corridor.
The property is positioned between Interstate 4 and Lakeland Linder International Airport, approximately midway between Tampa and Orlando. Its location provides access to two of Florida’s largest metropolitan areas and the broader southeastern United States.
Lakeland Commerce Center is about 4.7 miles from Interstate 4. JLL said the location offers same-day delivery access to Florida’s approximately 23 million residents.
The transaction reflects continued investor interest in Central Florida’s industrial and logistics market. Population growth, e-commerce activity and the region’s transportation infrastructure have supported demand for warehouse and distribution properties.
Lakeland’s industrial market recorded nearly 3 million square feet of net absorption in 2025. This matched the market’s previous peak in 2021 and represented a 74% increase from the prior year.
Net absorption measures the amount of occupied space added to a market after accounting for space vacated during the same period. Positive absorption generally indicates that tenant demand is exceeding move-outs.
The Lakeland market also has more than 10 million square feet of active tenant requirements. Leasing demand has been concentrated in facilities smaller than 50,000 square feet, which accounted for more than 95% of transactions completed during 2025.
MDH Partners is acquiring the portfolio as vacancy tightens and rental growth accelerates across Central Florida. JLL said the property also offers stable income from creditworthy tenants while the remaining space is leased.
The existing tenant income may help reduce the buyer’s exposure during the lease-up period. At the same time, available space could provide an opportunity to increase occupancy and capture future rental growth.
JLL represented Stonemont in the transaction. The Capital Markets team was led by Managing Director Cody Brais, Senior Managing Directors John Huguenard and Luis Castillo, Associate Taylor Osborne, and Analysts David Orta Jr. and Mia Gian.
KEY QUOTES:
“The sale of Lakeland Commerce Center demonstrates investor confidence in Central Florida’s industrial fundamentals, where tightening vacancy and accelerating rent growth are creating compelling risk-adjusted returns for value-add strategies.”
“MDH Partners is acquiring institutional-quality infrastructure at an attractive entry point in a market positioned at the epicenter of Florida’s statewide logistics network, with the added benefit of stable income from creditworthy tenants providing downside protection during lease-up.”
Cody Brais, Managing Director at JLL Capital Markets
