LAKELAND, FL, August 6, 2024 – SVN | Saunders Ralston Dantzler Real Estate is pleased to announce the successful sale of a 128-acre industrial property located in the heart of Pasco County, Florida. Finalized on January 30, 2024, for $9.25 million, the sale was the result of years of strategic planning and negotiation by Steve Toner, Senior Advisor at SVN | Saunders Ralston Dantzler Real Estate.
Steve Toner, Senior Advisor at SVN | Saunders Ralston Dantzler Real Estate
Toner, who represented both the buyer and seller in this transaction, played an instrumental role in securing the sale to MiTek Industries, a global manufacturer of engineering solutions for construction companies. Initially, MiTek expressed interest in acquiring only 50 acres of the 128-acre site. However, Toner advised MiTek to purchase a larger 111-acre portion, allowing the company to consolidate its two Tampa Bay locations in a new 480,000-square-foot facility in Zephyrhills.
“This consolidation and expansion by MiTek is a significant win for Pasco County,” said Toner. “The collaborative efforts between the Pasco Economic Development Council and local government have been instrumental in securing this project. It’s a testament to the region’s competitive edge and the commitment to fostering economic growth. We are proud to have played a role in bringing MiTek’s state-of-the-art facility to Zephyrhills, which will create valuable jobs and strengthen the local economy.”
The property’s proximity to major transportation arteries, including roadways, rail lines, and the Zephyrhills Municipal Airport, made it an ideal location for MiTek’s new operations. Situated within an established industrial hub, the site offers exceptional access to key logistics and distribution networks, further enhancing its attractiveness for large-scale manufacturing and industrial use.
MiTek plans to leverage the site for regional expansion, solidifying Pasco County’s reputation as a growing hub for industrial and manufacturing enterprises in Florida. The new facility is expected to bring additional jobs to the area and boost the local economy, creating a positive impact on the local economy and opportunities for residents and businesses.
About Saunders Real Estate
Saunders Real Estate is a full-service land and commercial real estate brokerage representing buyers, sellers, investors, institutions, and landowners since 1996. The firm is nationally recognized as an authority on all types of land and commercial real estate, including agriculture, ranch, recreation, timber, and development, as well as office, retail, industrial, and multifamily properties. Services include brokerage and advisory, land consulting and entitlement, land management, commercial property management, leasing and tenant representation, site selection, property valuation, data-driven market reports, and conservation easement negotiation. With an extensive team of real estate advisors located throughout the Southeast and offices in Florida, Georgia, and Arkansas, Saunders Real Estate has the knowledge and resources available to help clients realize their real estate investment goals.