Real estate firm buys Amazon warehouse for $108.74 million

Intercontinental Real Estate Corp.’s $108.74 million purchase of the Dragstrip Logistics Center, in Lakeland, earlier this month marks the latest in a line of investment interest in industrial properties within the Interstate 4 Corridor.

The deal by the Boston-based firm — the largest industrial sale of the past year throughout the region — also represents continued demand for Amazon-leased properties, especially since the start of the COVID-19 pandemic.