VeeCor Properties Expands Florida Logistics Center to Nearly 580 Acres in Daytona Beach

VeeCor Properties has expanded Florida Logistics Center to nearly 580 developable acres, more than doubling the planned footprint of the industrial development at the Interstate 4/Interstate 95 interchange in Daytona Beach, Fla. CBRE's David Murphy, Monica Wonus and Gabriella Gissy are leasing the project on behalf of the developer.

The expansion adds approximately 300 acres to the planned development and creates additional opportunities for large-scale industrial and build-to-suit development in Central Florida.

Florida Logistics Center Expansion Details

Florida Logistics Center is located on South Williamson Boulevard in Daytona Beach. The fully entitled site can support more than 6 million square feet of development, equivalent to more than 100 football fields. The additional acreage provides greater flexibility to accommodate large-scale industrial users and future development across multiple parcels.

The project offers build-to-suit opportunities ranging from approximately 130,000 square feet to more than 3 million square feet. Public water, FPL electric and TECO natural gas are in place at the site. Construction on two buildings is underway, with completion anticipated in 2027.

The site provides direct access to Interstate 95, Daytona Beach International Airport, the Port of Daytona and several transportation networks.

VeeCor Properties on Demand and Strategy

"This expansion reflects our long-term confidence in the Central Florida industrial market," said Anthony Coraci Basile, Principal of VeeCor Properties. "Since announcing the project, we have seen strong interest from tenants, brokers and users seeking access to Florida's transportation infrastructure. Expanding the development allows us to meet that demand and gives companies more room to establish or grow their presence in one of the state's most important distribution corridors."

CBRE Leasing Team and Market View

Murphy, Vice Chairman at CBRE, said demand for industrial space along the I-95 corridor continues to benefit from growing freight volumes through East Coast ports.

"Industrial users continue to prioritize access to major transportation routes and Florida's population centers," Murphy said. "The I-4/I-95 interchange connects two of the state's most important transportation corridors, making Florida Logistics Center an exceptional strategic location for distribution throughout Florida and the Southeast."

Potential Impact on Volusia County Industrial Inventory

Few large-scale industrial projects are underway in Volusia County. At full build-out, Florida Logistics Center could increase the county's industrial inventory by more than 20%.

The size range, from approximately 130,000 square feet to more than 3 million square feet, positions the project to compete for regional distribution, manufacturing, logistics and build-to-suit requirements. With two buildings under construction and additional parcels available, CBRE can market both nearer-term space and longer-term customized development.

Broader Leasing Backdrop

The announcement comes as U.S. occupier demand has remained strong in early 2026, particularly for industrial, office and data-center space. CBRE's first-quarter 2026 revenue rose 18.6% year over year to $10.527 billion, with global leasing revenue up 20% and U.S. leasing revenue up 21%, driven partly by industrial and data-center activity.

For full-year 2025, CBRE reported revenue of $40.55 billion, up 13.4% from $35.767 billion in 2024. Fourth-quarter 2025 revenue increased 11.8% to $11.629 billion, and global leasing revenue rose 14%, with U.S. leasing revenue up 12%, supported by industrial and data-center assignments.

Outlook

Adding more than 6 million square feet of potential development could materially expand Volusia County's industrial supply as the two buildings now under construction approach their 2027 completion.

Sources

• CBRE press release: Florida Logistics Center Expands to Nearly 580 Acres at Key I-4/I-95 Logistics Hub