Blue Steel sells Lakeland building to Indiana firm

Bobeck Real Estate Co. adds to Florida holdings with speculative distribution project completed this summer

By Kevin McQuaid
| 6:00 a.m. September 25, 2020
| 0 Free Articles Remaining!

COURTESY PHOTO -- Bobeck Real Estate Co. of Fort Wayne, Indiana, has acquired a recently completed industrial building in Lakeland for $15.1 million.

Commercial Real Estate

Blue Steel Development Co., one of the more active industrial developers within the Interstate 4 corridor over the past five years, has sold a newly completed logistics property in Lakeland to an Indiana firm.

Bobeck Real Estate Co. Inc., of Fort Wayne, Indiana, paid $15.1 million for the 5275 Drane Field Road property as part of a push to increase its Florida holdings. The company owns at least one other distribution center in the Interstate 4 corridor, between Tampa and Orlando, according to records.