Atlanta-based MDH Partners has scooped up three newly built industrial buildings at Lakeland Commerce Center for $67.7 million, tacking another 557,100 square feet onto its growing industrial portfolio. The deal hands off Buildings 100 through 300 from Stonemont Financial Group, with JLL Capital Markets arranging the sale. The campus sits on County Line Road near the I-4 corridor between Tampa and Orlando, a stretch that has quietly turned into one of Florida's go-to logistics lanes.
Deal Details And The Players
In a July 15 news release, JLL Capital Markets confirmed the $67.7 million price tag and identified MDH Partners as the buyer and Stonemont Financial Group as the seller. "The sale of Lakeland Commerce Center demonstrates investor confidence in Central Florida's industrial fundamentals," JLL's Cody Brais said in the release, underscoring that this corner of Polk County is still very much on institutional investors' radar.
What The Buildings Include
Marketing materials show that Building 100 runs about 258,000 square feet with 66 dock-high doors and a 130-foot truck court, Building 200 spans roughly 150,600 square feet with 46 docks, and Building 300 totals 148,100 square feet with 50 docks. All three buildings offer 32-foot clear heights, 54-by-50-foot column spacing and a combined 588 parking spaces, according to LoopNet.
Market Context
The acquisition lands as Lakeland's industrial market has recorded nearly 3 million square feet of net absorption in 2025, a clip highlighted in the JLL release as evidence that tenants are still snapping up space. Yardi Matrix data shows Tampa-area industrial sales volume reached roughly $277 million year-to-date through May, and that assets in the metro traded at about $155 per square foot on average, according to Yardi Matrix.
Why Buyers Are Paying Up
Investors are chasing modern, last-mile-ready product and locations close enough to major population centers to support same-day delivery across Florida's larger markets. MDH describes itself as a value-add industrial investor focused on markets with strong logistics fundamentals, per MDH Partners.
For Lakeland, this latest sale is another signal that developers and investors view the County Line and Drane Field corridor as a logistics growth node, not just an I-4 exit. How quickly MDH leases the remaining space will help reveal whether nearby rents still have room to climb. With direct access to I-4 and Lakeland Linder International Airport, the park gives its new owner some room to maneuver as distribution demand shifts across Central Florida.
