Lakeland logistics facility included in $33.5M portfolio, operations sale

A Lakeland logistics facility under development is included in the $33.5 million purchase of a development portfolio and operations of Fort Lauderdale-based Altman Logistics Properties. 

FRP Holdings, a Jacksonville real estate investment and development company, bought the Logistics Center of Lakeland as part of the purchase which totals 1.28 million square feet across five industrial developments in Florida and New Jersey. 

In addition to the local property, the Florida developments are in Delray Beach and Davie and the New Jersey ones are Parsippany and Hamilton Township.