Sarasota's L3 site to become distribution center under buyer's plan

Developer planning up to 800,000 square feet of industrial space

  • By Kevin McQuaid
  • | 6:00 a.m. August 16, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Galazy Investments plans to buy the 46-acre L3 Harris Technologies property in Sarasota and develop up to 800,000 square feet of industrial space there.
COURTESY PHOTO — Galazy Investments plans to buy the 46-acre L3 Harris Technologies property in Sarasota and develop up to 800,000 square feet of industrial space there.
  • Commercial Real Estate
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A Washington, D.C.-based development firm plans to acquire the largely vacant L3 Harris Technologies site in Sarasota this fall and remake the 46.5-acre property into a major distribution hub.

Galaxy Investments LLC and its affiliate, Cambridge Holdings, say the planned Sarasota 75 business park could contain as much as 800,000 square feet of additional distribution space in three to five buildings.

 

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