VeeCor Property Management has added approximately 300 acres to its Florida Logistics Center project in Daytona Beach, increasing the planned development footprint to roughly 580 acres. The expanded site can accommodate more than 6 million square feet of industrial space, while construction is already underway on two buildings scheduled for completion in 2027.
Key Takeaways
- VeeCor Property Management expanded the Florida Logistics Center by approximately 300 acres.
- The development now covers roughly 580 acres in Daytona Beach, Florida.
- The project has capacity for more than 6 million square feet of industrial space.
- Two buildings totaling approximately 305,907 square feet are under construction.
- The initial buildings are expected to be completed in 2027.
Florida Logistics Center Expands Its Development Footprint
The Florida Logistics Center expansion increases the project’s planned land area to approximately 580 acres. VeeCor Property Management added around 300 acres to the development, more than doubling its previous footprint.
The project is located in Daytona Beach, within Volusia County, Florida. Its expanded site can accommodate more than 6 million square feet of industrial space, including facilities intended for logistics and warehouse operations.
The additional acreage increases the amount of land available for industrial construction within the development. The project is planned as a large-scale logistics property rather than a single warehouse building, allowing its overall capacity to be distributed across multiple facilities.
Similar large-scale industrial developments include the Houston industrial campus acquisition, which involved a 230-acre property containing 64 buildings and approximately 2.7 million square feet of industrial space.
The expansion also changes the scale of the planned development. With approximately 580 acres available, the property has room for multiple construction phases and separate development areas.
The more than 6 million-square-foot figure represents the site’s planned industrial capacity. It does not mean that the entire amount of space has already been constructed or is currently available for occupancy.
Construction activity has begun on two buildings within the project. Together, the facilities cover approximately 305,907 square feet, representing an initial portion of the planned industrial development.
The distinction between planned capacity and completed space is relevant to understanding the project’s current status. The expanded land area establishes the development’s potential scale, while the buildings under construction represent the facilities already moving through the construction process.
VeeCor Adds Approximately 300 Acres to the Daytona Beach Project
VeeCor Property Management is responsible for the Florida Logistics Center development. The addition of approximately 300 acres brings the total planned site area to roughly 580 acres.
The expanded property is organized into North and South campus areas. The development plan allocates approximately 3 million square feet of industrial capacity to the South Campus and another 2.4 million square feet to the North Campus, alongside additional build-to-suit capacity.
The separate campus arrangements provide the framework for developing the property in multiple sections. Each area contributes to the project’s overall industrial space capacity.
The North and South campuses also establish distinct areas within the larger property. This arrangement allows the planned facilities to be considered as components of a wider industrial development rather than as unrelated warehouse projects.
CBRE is handling leasing for the development. Its involvement connects the project with the commercial real estate market for industrial properties and prospective tenants.
The planned industrial space includes facilities intended for logistics and warehouse operations. These property types are used by businesses that require space for storing, handling and distributing goods.
The addition of land also increases the amount of space available for future construction phases. The project’s overall capacity is therefore tied to the expanded property footprint and the planned development of its separate campus areas.
A separate Southeast logistics property acquisition involved a 2.4 million-square-foot industrial portfolio spanning multiple regional markets, providing another example of the scale of logistics properties across the southeastern United States.
The scale of the site provides the basis for the project’s six-million-square-foot development plan. Actual completed space will depend on the construction of individual facilities across the property.
Planned Industrial Buildings Advance Toward 2027 Completion
Construction has started on two buildings within the Florida Logistics Center. The facilities cover a combined 305,907 square feet and are expected to be completed in 2027.
These buildings represent the initial construction activity identified within the expanded development. Their combined floor area is considerably smaller than the project’s total planned capacity of more than 6 million square feet.
The difference reflects the project’s phased development structure. The two facilities currently under construction account for only part of the industrial space planned across the North and South campuses.
The construction timeline also provides a reference point for the project’s next stage. Completion is expected in 2027, while the wider development plan includes substantially more industrial space.
Financing for the initial construction includes a $27.5 million loan from Bank of America. The financing was provided in October, according to the project’s reported development details.
The loan supports the construction activity associated with the two initial buildings. It is separate from the overall development capacity, which covers the potential industrial space across the expanded site.
The initial construction phase gives the project a defined delivery schedule. The expected 2027 completion date applies to the two buildings currently being developed, rather than establishing a completion date for the entire logistics center.
Additional facilities are included in the wider development plan. Their construction and delivery would contribute to the site’s planned industrial capacity as the separate campus areas are developed.
A comparable Houston industrial warehouse project involves three planned facilities totaling 714,233 square feet, with construction scheduled for completion in 2027.
Interstate Access Supports the Volusia County Development Site
The Florida Logistics Center is positioned near the Interstate 4 and Interstate 95 interchange in Daytona Beach. The location provides access to major transportation routes serving Central Florida and other parts of the East Coast.
The site’s proximity to these interstate connections is relevant to its planned logistics and warehouse use. Industrial properties serving distribution operations rely on transportation access for the movement of goods between facilities, suppliers and markets.
Daytona Beach’s location in Volusia County also places the project within a regional commercial property market. The development adds planned industrial space to an area where large-scale logistics facilities form part of the commercial real estate sector.
Industrial properties elsewhere in Florida also benefit from established highway connections. A Tampa industrial property acquisition involved three warehouse and office buildings located in the Tampa Airport and Tampa East submarkets, with access to Interstates 275, 4 and 75.
The property’s transportation connections are among the identified features of the development site. Access to Interstate 4 and Interstate 95 provides a direct geographic connection to major road networks without requiring the project to be described solely in terms of its overall building capacity.
The two campus areas also form part of the site’s physical development plan. Their separate allocations establish the distribution of planned industrial space across the expanded property.
The South Campus is planned to accommodate approximately 3 million square feet, while the North Campus is allocated approximately 2.4 million square feet. Additional build-to-suit capacity is also included in the development plan.
These allocations describe the planned components of the project. They are not figures for completed or occupied buildings.
The location and campus arrangement provide the physical framework for the proposed logistics center. The initial construction phase is already underway, with the first two buildings expected to be completed in 2027.
Expanded Project Adds Potential Industrial Capacity to Central Florida
The expanded Florida Logistics Center has the potential to add more than 6 million square feet of industrial space to Volusia County’s commercial property inventory.
According to the project’s reported development figures, the planned capacity could increase the county’s existing industrial inventory by more than 20%. This estimate places the project among the larger planned additions to the area’s industrial property supply.
The distinction between planned capacity and existing inventory remains important. The potential increase depends on the development of the proposed facilities, while the current construction activity covers two buildings totaling approximately 305,907 square feet.
CBRE is handling leasing for the project, providing a commercial real estate channel for the planned industrial facilities. Leasing activity will be relevant as individual buildings progress through construction and become available for prospective tenants.
The project’s North and South campuses provide separate areas for the planned industrial space. Their combined allocations account for approximately 5.4 million square feet, with additional build-to-suit capacity included in the wider development plan.
The overall project is planned to accommodate more than 6 million square feet. Its full capacity therefore extends beyond the two buildings currently under construction and the stated campus allocations.
For Volusia County, the proposed space represents a substantial addition to the planned industrial property supply. The project’s development footprint, construction activity and leasing arrangements establish its position within the local commercial real estate market.
The initial buildings have a projected completion date of 2027. Their delivery will represent the first completed facilities identified within the larger logistics center development.
Frequently Asked Questions
Where is the Florida Logistics Center development located?
The Florida Logistics Center is located in Daytona Beach, Florida, in Volusia County. The property is near the Interstate 4 and Interstate 95 interchange.
How large is the expanded Florida Logistics Center project?
The expanded development covers approximately 580 acres following the addition of around 300 acres by VeeCor Property Management.
How much industrial space can the development accommodate?
The project has capacity for more than 6 million square feet of industrial space across its planned North and South campuses, including additional build-to-suit capacity.
When are the first buildings expected to be completed?
The two initial buildings, which together cover approximately 305,907 square feet, are expected to be completed in 2027.
Which company is developing the Florida Logistics Center?
VeeCor Property Management is developing the Florida Logistics Center in Daytona Beach, Florida. CBRE is handling leasing for the project.
