JLL Brokers $67.7M Sale of Lakeland Commerce Center Industrial Portfolio to MDH Partners

MIAMI — JLL Capital Markets announced July 15 the $67.7 million sale of Lakeland Commerce Center Buildings 100-300, a three-building, Class A industrial portfolio totaling 557,100 square feet in Lakeland, Florida. JLL represented the seller, Stonemont, in the transaction. MDH Partners acquired the asset.

Portfolio and Location Details

Lakeland Commerce Center consists of three newly constructed, rear-load industrial buildings situated on 28.5 acres at 3490 County Line Road in Polk County. The properties are located within a master-planned business park along the County Line Road corridor, positioned between Interstate 4 and Lakeland Linder International Airport and roughly equidistant from Tampa and Orlando.

According to JLL, the property sits 4.7 miles from Interstate 4, providing same-day delivery access to Florida's approximately 23 million residents and logistics reach throughout the southeastern United States.

Market Conditions in Lakeland's Industrial Sector

The sale comes as Lakeland's industrial market has returned to peak absorption levels. According to JLL, the market recorded nearly 3 million square feet of net absorption in 2025, matching its historic 2021 peak and representing a 74% increase year-over-year. The market currently maintains more than 10 million square feet of active tenant requirements, with leasing activity concentrated in spaces under 50,000 square feet, which accounted for more than 95% of transactions executed in 2025.

JLL's Capital Markets team was led by Managing Director Cody Brais, Senior Managing Directors John Huguenard and Luis Castillo, Associate Taylor Osborne, and Analysts David Orta Jr. and Mia Gian.

"The sale of Lakeland Commerce Center demonstrates investor confidence in Central Florida's industrial fundamentals, where tightening vacancy and accelerating rent growth are creating compelling risk-adjusted returns for value-add strategies," Brais said. "MDH Partners is acquiring institutional-quality infrastructure at an attractive entry point in a market positioned at the epicenter of Florida's statewide logistics network, with the added benefit of stable income from creditworthy tenants providing downside protection during lease-up."

About the Buyer and Seller

MDH Partners is an Atlanta-based real estate investment company that manages discretionary funds targeting industrial real estate across the United States on behalf of institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in more than $8 billion — representing 100 million square feet — of acquisitions, developments and asset management as an advisor and investor.

Stonemont specializes in investing across a broad spectrum of real estate asset classes and geographies, with a focus on industrial, net lease, industrial outdoor storage and healthcare real estate. The firm offers investment strategies and vehicles to institutions, family offices, trusts and high-net-worth individuals. Stonemont's founders and managing principals report a combined track record of more than 60 years of experience and $20 billion invested.

JLL Capital Markets

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in over 80 countries with a global workforce of more than 113,000 as of March 31, 2026.

Sources: JLL Newsroom, July 15, 2026