Firm plans 1.2 million-square-foot distribution complex

One of the nation's leading industrial real estate developers has begun constructing a new 337,447-square-foot distribution facility in Tampa on a speculative basis.

Duke Realty's Tampa Regional Industrial Park project comes as demand for industrial space in the Interstate 4 corridor between Tampa and Orlando has surged and vacancy has fallen to a historic low.

The building, part of a three-building plan totaling 1.2 million square feet in a 117-acre business park, is expected to be completed next July.