MDH has acquired three industrial buildings at Lakeland Commerce Center in Lakeland, Florida, purchasing Buildings 100 through 300 for $67.7 million. The transaction involves a total of 557,000 square feet of warehouse space, with Stonemount serving as the seller in the deal.
Stonemount was represented in the sale by a JLL Capital Markets team. The team was led by Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr. and Mia Gian, who handled marketing and disposition responsibilities on behalf of the seller.
The Lakeland Commerce Center assets span 28.5 acres at 3490 County Line Road in Polk County. The properties are part of a master-planned business park situated along the County Line Road corridor, positioned between Interstate 4 and Lakeland Linder International Airport. This location places the industrial park within a regional logistics corridor connecting Tampa and Orlando, with Lakeland located between the two major Florida markets.
The three-building portfolio adds scale within an established industrial node that benefits from highway access via Interstate 4 and proximity to air cargo infrastructure at Lakeland Linder International Airport. The master-planned setting along County Line Road supports distribution and logistics users that rely on connectivity across Central Florida.
Market fundamentals in Lakeland’s industrial sector have been strong. The Lakeland industrial market recorded nearly 3 million square feet of net absorption in 2025, matching its historic peak performance first achieved in 2021. This absorption level represented a 74% increase year-over-year, signaling continued demand for industrial space in the area.
In addition to robust absorption, Lakeland maintains more than 10 million square feet of active tenant requirements, according to the figures cited. Leasing activity has been especially concentrated in smaller footprints, with spaces under 50,000 square feet accounting for more than 95% of transactions completed in 2025. This activity profile highlights significant demand from small and mid-sized occupiers across the Lakeland industrial market.
Against this backdrop of strong tenant demand and elevated leasing velocity in smaller bays, the sale of the Lakeland Commerce Center buildings reflects ongoing investor interest in well-located industrial portfolios in Polk County and along the key County Line Road logistics corridor.
